This quiz works best with JavaScript enabled. Home > Management > Financial Management > Financial Management – Quiz 103 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Financial Management Quiz 103 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Cash & Cash Equivalent-24, 890Held for Trading-10, 000Trade and Other Receivables-16, 000Inventory-8, 960 If total current liabilities amounted to 19, 900. How much is the current ratio? A) 3.00. B) 3.01. C) 2.55. D) 2.56. Show Answer Correct Answer: B) 3.01. 2. What is the only payment method that lets you buy now and pay later in installments A) Debit card. B) Credit card. C) Currency. D) None of above. Show Answer Correct Answer: B) Credit card. 3. Federal government tax revenues if it exceeds government spending then it is classified as A) Budget deficit. B) Budget surplus. C) Federal reserve. D) Federal budget. Show Answer Correct Answer: B) Budget surplus. 4. "Financial management is concerned with the acquisition, financing and management of assets with some overall goal in mind" . Whose definition is this? A) Khan & Jane. B) Solomon. C) J.F. Bradley. D) James C. Van Horne. Show Answer Correct Answer: D) James C. Van Horne. 5. E-filers are issued a Personal Identification Number or ..... allows the taxpayer to "sign" the return electronically. A) 1040EZ. B) PIN. C) D-400. D) None of above. Show Answer Correct Answer: B) PIN. 6. Fixed assets are items of value that will be held for more than one year. A) True. B) False. Show Answer Correct Answer: A) True. 7. The market for supplier and demanders for long term securities is ..... A) Capital market. B) Money market. Show Answer Correct Answer: A) Capital market. 8. Which type of financial records identify the amount assets have decreased in value due to their age and use? A) Asset records. B) Depreciation records. C) Cash records. D) Accounts payable records. Show Answer Correct Answer: B) Depreciation records. 9. Which of the following is not a variable expenses A) Groceries. B) Home utilities. C) Insurance payment. D) Allowance for parents. Show Answer Correct Answer: C) Insurance payment. 10. Safe mode by which firms perform worldwide business is A) Licencing. B) Franchising. C) International trade. D) Establishment of new subsidiary. Show Answer Correct Answer: C) International trade. 11. Which is NOT a necessary financial aspect to know? A) Pre-payment penalty. B) Escrow amount. C) Start & End APR. D) Painting art. E) What your loan consists of (T's & C's). Show Answer Correct Answer: D) Painting art. 12. According to financial experts, what portion of your income should be devoted to wants? A) 50. B) 20. C) 30. D) None of above. Show Answer Correct Answer: C) 30. 13. It is a financial institution licensed to receive deposits and make loans. A) Bank. B) Financial Banking. C) Finance. D) Financial. Show Answer Correct Answer: A) Bank. 14. How is financial management training beneficial for businesses? A) It improves customer satisfaction. B) It increases the availability of capital. C) It allows for more informed decision making. D) It provides tax benefits. Show Answer Correct Answer: C) It allows for more informed decision making. 15. Which of the following assets is not considered as Tangible asset: A) Stock. B) Furniture. C) Cash. D) Goodwill. Show Answer Correct Answer: D) Goodwill. 16. Which of the following is not the cause of under capitalization? A) Maintaining high standards of efficiency. B) Conservative dividend policy. C) Provides not enough depreciation to the fixed assets. D) Desire of control and trading of equity. Show Answer Correct Answer: C) Provides not enough depreciation to the fixed assets. 17. Which of the following is also known as intermediate approach A) NI Approach. B) NOI Approach. C) MM Approach. D) Traditional Approach. Show Answer Correct Answer: D) Traditional Approach. 18. The nonoperating cash flows associated with the end of the life of the project, is the meaning of ..... A) Annual After-Tax Cash Flow. B) Terminal Cash Flow. C) Initial Outlay. D) Terminal Value. Show Answer Correct Answer: B) Terminal Cash Flow. 19. Money invested in a business in return for a share in the profits from the business. A) Collateral. B) Interest. C) Equity Capital. D) All of these. Show Answer Correct Answer: C) Equity Capital. 20. The basic formula for bookkeeping is A) Asset = Liability. B) Liabilities = Assets + Capital. C) Assets = Liabilities + Capital. D) Capital = Liability. Show Answer Correct Answer: C) Assets = Liabilities + Capital. ← PreviousNext →Related QuizzesManagement QuizzesFinancial Management Quiz 1Financial Management Quiz 2Financial Management Quiz 3Financial Management Quiz 4Financial Management Quiz 5Financial Management Quiz 6Financial Management Quiz 7Financial Management Quiz 8Financial Management Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books