WorksheetsFABM FINAL TERMS
Total questions: 30
Worksheet time: 15mins
What is the main purpose of horizontal analysis?
To compare financial statements of different companies.
To evaluate a series of financial statements data over a period of time.
To measure the liquidity of a firm.
To calculate the ratio of debt to equity.
In horizontal analysis, changes are measured against what?
The industry average.
The most recent year.
A base year.
A competitor's financial data.
Vertical analysis expresses each item in a financial statement as a percent of what?
Total assets.
Net income.
A base amount.
Equity.
Ratio analysis expresses the relationship among what?
All assets and liabilities.
Selected items of financial statement data.
Revenues and expenses.
Different financial statements.
What is a financial ratio?
A comparison in fraction, proportion, decimal or percentage of two significant figures from the financial statements.
A comparison between two different companies.
A fixed percentage of net income.
A measure of total equity.
Financial ratio analysis provides insights into which aspects of a firm?
Marketing strategies and customer satisfaction.
Profitability of operations and financial condition.
Employment rates and employee satisfaction.
Market share and competitive position.
What do liquidity ratios measure?
Firm's ability to meet long-term obligations.
Firm's ability to meet current obligations.
Firm's efficiency in utilizing assets.
Firm's profitability.
Activity ratios reflect what?
Firm’s ability to meet current obligations.
Firm’s efficiency in utilizing the assets.
Firm’s proportion of debt and equity.
Firm’s overall performance.
Leverage ratios show the proportion of what?
Short-term assets to long-term assets.
Revenues to expenses.
Debt and equity in financing the firm’s assets.
Current liabilities to total liabilities.
Profitability ratios measure what?
The liquidity of the firm.
The efficiency in utilizing assets.
Overall performance and effectiveness of the firm.
The proportion of debt in the firm's capital structure.
Which of the following is required to open a bank account?
A credit score report.
Proof of employment.
One or two identification cards.
A business license.
Why do you need to sign cards when opening a bank account?
For insurance purposes.
For recording purposes.
To activate online banking.
To get a loan.
What happens when you use a debit card?
It is directly removed from your savings.
It is billed to you at the end of the month.
It increases your credit score.
It gets added to your monthly statement.
What is a credit card?
A card you can use to buy something and pay later but has a monthly limit.
A card that allows you to withdraw money from your savings.
A card that provides a fixed amount of cash.
A card used exclusively for business expenses.
What is a supplementary credit card?
A secondary card for a savings account.
An extension of a credit card, often used by family members.
A card used for international transactions.
A card issued for business purposes.
What is a savings account recognized by?
An ATM or Passbook.
A credit card statement.
A checkbook.
A monthly bill.
What is a key feature of a checking account?
High-interest rates.
The convenience of withdrawals through checks.
It requires a minimum balance.
It does not earn any interest.
What is a time deposit characterized by?
Variable interest rates.
A fixed interest rate and a holding period.
Immediate access to funds.
No penalties for early withdrawal.
What is a deposit slip used for?
To withdraw money.
To transfer money to another account.
When the customer is depositing money.
To validate payment information.
What is the purpose of a payment slip?
To withdraw money.
To deposit money.
To validate the information of the deposit/payment being made.
To open a new account.
What is a transfer slip used for?
To deposit money into an account.
To withdraw money from an account.
To transfer money to another account.
To request a loan.
What is a withdrawal slip used for?
To transfer money to another account
To withdraw money from the account.
To deposit money into the account.
To validate payment information.
What is the application for miscellaneous used for?
For depositing money.
For withdrawing money.
For other currencies, works like a money changer.
For opening a new account.
What is an outdated cheque?
A cheque with a future date.
A cheque with a date that is not on the calendar.
A cheque with a date that is beyond the valid period.
A cheque within the same branch.
What is a staledated cheque?
A cheque with a future date.
A cheque with a date that is not on the calendar.
A cheque with a date that is beyond the valid period.
A cheque within the same branch.
What is a post-dated cheque?
A cheque with a future date.
A cheque with a date that is not on the calendar.
A cheque with a date that is beyond the valid period.
A cheque within the same branch.
What is an on-house cheque?
A cheque within the same branch.
A cheque that is not within the same branch.
A non-transferable cheque.
A cheque that can be deposited in any bank.
What is a cross cheque?
A cheque that can be transferred.
A cheque that can be deposited into any account.
A non-transferable cheque that must be deposited directly into a bank account.
A cheque that is within the same branch.
What is an OR account?
A joint account that only needs either of the owner's signature.
A joint account that needs all of the signatures of owners.
An individual account.
A business account.
What is an AND account?
A joint account that only needs either of the owner's signature.
A joint account that needs all of the signatures of owners.
An individual account.
A business account.
