WorksheetsFP1 Final Exam Rev. Part 1
Total questions: 36
Worksheet time: 26mins
When return on capital is positive, the company is most likely:
losing value.
low on cash.
growing in value.
paying out dividends.
Determining which projects a business should invest in is known as:
Which is a measure of how well a business generates cash flow?
accounts receivable
accounts payable
capital structure
return on capital
The goals of the finance function are to ensure profitability and to:
reduce risks.
advertise products.
give out information.
manufacture raw materials.
Beau is stressed out because he agreed to take on three new clients when his calendar is already full. Which time-management principle does he need to learn?
get enough sleep
focus on goals, not
Which of the following is a time management technique?
focus on tasks
prioritize tasks
divide large projects into smaller parts
be realistic in accepting responsibility for work
Julie, a newly promoted manager, lacks the time to properly prepare employee work schedules and assigns this duty to the assistant manager. Which time management technique is Julie using?
A. delegating activities
B. standardizing tasks
C. setting objectives
Natalia is upset because she was supposed to work on a certain account today, but her boss switched her to another account at the last minute. Which time-management principle would benefit Natalia?
be flexible
get enough sleep
plan meetings wisely
know when and how you work best
The demand of time affects the supply of time available in what way?
Increases the supply of time
Decreases the supply of time
Has no effect on the supply of time
Balances the supply of time
When the demand for time increases, what happens?
The supply of time increases.
The supply of time decreases.
The supply of time stays the same.
The supply of time matches time demanded.
Finance is the business function that involves managing:
information.
marketing.
Which is the most likely reason for faster-than-average employment growth of financial analysts and personal financial advisors?
The U.S. population is worse off financially than before.
Globalization of the securities markets makes investing more complicated.
The U.S. population likes to use the internet to handle their finances.
The U.S. population is aging and will need more financial advice.
Which of the following statements is true about financial analysts and personal financial advisors?
They help individuals manage their financial issues.
They require a college degree.
They do not need to understand financial markets.
Financial analysts and personal financial advisors do not need a college degree.
The primary purpose of insurance companies is to provide products that help clients:
minimize their risk.
reduce their assets.
increase their profitability.
The concept of time management refers to the process of how to:
use a calendar.
keep a time log.
organize belongings.
efficiently use a 24-hour day.
Commercial banks and brokerage firms are examples of:
legislative groups.
financial intermediaries.
nonprofit organizations.
social institutions.
Which of the following is a type of financial institution?
commercial banks.
insurance institutions.
nonprofit organizations.
financial intermediaries.
To keep communication flowing with other departments, the finance function depends on:
marketing.
production.
accounts receivable.
information systems.
Which are examples of deposit-taking financial institutions?
commercial banks, credit unions, and brokerages
commercial banks, corporations, and mutual savings banks
credit unions, savings and loan associations, and commercial banks
savings and loan associations, mutual savings banks, and
When scheduling daily activities, one should always keep in mind that plans may need to change, creating the need for:
activities
appointments
assignments
flexibility
When an employee always works a full day, but never seems to complete any tasks, that employee needs to focus on:
time management.
scheduling.
delegation.
prioritization.
A manager is most likely to use financial information when:
establishing lines of authority within an organization.
researching the demographics of a market.
determining the profitability of a product line.
developing a marketing strategy.
The finance function ensures that the company's financial goals are: A. easy to accomplish. B. related to product development. C. in line with new target market. D. determining resources available to fund a new project.
easy to accomplish
related to product development
in line with new target market
determining resources available to fund a new project
An amount of money that a business owes to someone else is referred to as:
equity
an asset
accounts payable
accounts receivable
An institution that combines the elements of a bureaucracy with those of a private company is called a:
Thad is investing in a money market, which buys and sells products such as: A. technology. B. treasury bills. C. shares of stock.
technology
treasury bills
shares of stock
A. private company. B. semi-government. C. franchise business. D. government institution.
private company
semi-government
franchise business
government institution
When Alana prepares a report so that all financial data is clearly disclosed, she is ensuring that the information is:
flexible.
relevant.
timely.
transparent.
Which activities should be excluded from a daily to-do list?
new activities that must be completed the next day.
tasks that are routine and do not require immediate attention.
activities that are not time-sensitive.
tasks that have already been completed.
Which activities are required from the master calendar?
day
required activities from the master calendar
activities previously planned for the day
activities that must be done next month
Which reason is invalid for the faster-than-average employment growth of financial analysts and personal financial advisors?
Globalization of the securities markets makes investing more complicated.
True
False
A large segment of the population, namely baby boomers, is facing retirement.
True
False
Generally speaking, the U.S. population is in a worse financial state than before.
True
False
What do many businesses develop to encourage ethical behavior in finance?
(a)
One of the roles of ethics in finance is to encourage business employees to:
prepare operating budgets.
increase company profits.
make the right decisions.
sell to customers.
