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WorksheetsBusiness Finance - ABM 4
Total questions: 15
Worksheet time: 8mins
The finance person takes charge of the investments of the stakeholders, the use of funds in the operation and the distribution of income to the business owners.
True
False
Finance is considered as science because it's governed by facts and truths .
True
False
Funds from operations are externally generated money.
True
False
It is anything accepted as a means of paying for goods, and/or paying off the firm's liabilities.
Cash
Money
Peso
Stocks
Which Philippine agency does this logo represent?
Department of Finacnce
Bangko Sentral ng Pilipinas
Commission on Audit
Bureau of Internal Revenue
Which Philippine agency does this logo represent?
Department of Finacnce
Bangko Sentral ng Pilipinas
Commission on Audit
Bureau of Internal Revenue
The following are the roles and responsibilities of the finance department, except...
Recruitment and selection
Bookkeeping
Financial reporting and analysis
Management of taxes
Conducting daily reconciliations, process and dispatching outgoing invoices, etc.
Credit Controller
Accounting Clerk
Financial Accountant
CFO
Manages accounts receivables.
Credit Controller
CFO
Accounting Clerk
Financial Accountant
Providing useful, accurate, and timely information for external users.
Credit Controller
CFO
Accounting Clerk
Financial Accountant
Coordinating overall activities in the finance department.
Credit Controller
Accounting Clerk
CFO
Financial Accountant
Spending more than what is earned is assumed as a LOAN.
True
False
A debt security is also called shares.
True
False
The business owner is responsible for the financial management of a corporation
True
False
Rational financial decisions contribute positively to individuals, businesses and the economy.
True
False
