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WorksheetsReview - Unit 1 Topics (Business Finance)
Total questions: 23
Worksheet time: 15mins
The following are the premises of the Finance concept, except
Investment
Acquisition
Planning
Management
It is anything accepted as a means of paying for goods, and/or paying off the firm's liabilities.
Cash
Currency
Money
Stocks
Rational financial decisions contribute positively to individuals, businesses and the economy.
True
False
Financial deals with the ______ and _______ of economic value or wealth
maintenance
utilization
consumption
creation
The business owner is responsible for the financial management of a corporation
True
False
What is the main task of a financial manager?
Analyze the financial data provided by the business firm.
Decide on long-term decisions of the firm.
Finds ways to raise, allocate, and manage financial resources.
Create financial statements and analysis reports.
The following are the areas a financial manager must be familiar with, EXCEPT...
Financial Institutions
Financial Statements
Financial Market
Financial instruments
Type B if the Financial Institution is classified as "banking," otherwise, type NB for "non-banking institutions."
GSIS
(a)
Cebuana Lhuillier
(a)
Banco de Oro
(a)
Pru Life UK
(a)
Development Bank of the Philippines
(a)
The following are the features of BONDS, except...
Has voting rights
It issues a form of treasury bills by the government.
It has a guaranteed interest return
Debt instrument
It is a value where financial security has a value reliant on an underlying asset or group of assets.
Debt Instruments
Derivatives
Depravity
Dividends
A debt security is also called shares.
True
False
Arrange the definition of Financial Markets
Mechanism where
buyers and sellers
participate in trade
of financial assets.
It is composed of diversified financial activities which are being performed by financial institutions with the use of financial instruments.
Financial Trade
Financial Analysis
Financial Ecosystem
Financial System
Spending more than what is earned is assumed as a LOAN.
True
False
Which Philippine agency does this logo represent?
Bangko Sentral ng Pilipinas
Department of Budget and Management
Department of Finacnce
Commission on Audit
Which of the following activities is considered a fund inflow to the business?
Paying off debts
Purchase of an asset
Rendering of a service
Borrowing of funds
The following are activities involving fund outflows, except...
Payment from renting a property
Paying off debts
Taxes and licenses
Purchasing an equipment
The following are the roles and responsibilities of the finance department, except...
Bookkeeping
Management of taxes
Recruitment and selection
Financial reporting and analysis
Match the following positions in the finance department with their respective functions.
CFO
Coordinating overall activities in the finance department
Credit Controller
Managers accounts receivables.
Financial Accountant
Providing useful, accurate, and timely information for external users
Accountant Clerk
Conducting daily reconciliations, process and dispatching outgoing invoices, etc.
