This quiz works best with JavaScript enabled. Home > Management > Financial Management > Financial Management – Quiz 105 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Financial Management Quiz 105 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The financial activities which are performed only on special events like promotion. Amalgamation and solvency crisis are called as: A) Non-recurring finance functions. B) Recurring finance functions. C) Both of these. D) Both of these. Show Answer Correct Answer: A) Non-recurring finance functions. 2. Which of the following is NOT the key components of SMART financial goals? A) Salary. B) Measurable. C) Attainable. D) Realistic. E) Time-bounded. Show Answer Correct Answer: A) Salary. 3. Which one of these is an available tool to help calculute your net worth? A) Experian. B) Credit Karma. C) Your net worth homework. D) A calculator. E) Your cash. Show Answer Correct Answer: C) Your net worth homework. 4. A financial plan is failed to be carried out if A) Be patience. B) Be flexible. C) Be discipline. D) Spend more than the planned expenses. Show Answer Correct Answer: D) Spend more than the planned expenses. 5. What does the "M" mean in SMART goals? A) Measureable. B) Management. C) Money. D) Money-management. E) Marketing. Show Answer Correct Answer: A) Measureable. 6. For example, the totality value form A) Implement plans, carry out evaluations and continuous improvements. B) Committed, dedicated and continues to develop oneself to provide more value to work. C) Trust each other and work together to realize a shared vision. D) Agile and proactive to provide the best. Show Answer Correct Answer: B) Committed, dedicated and continues to develop oneself to provide more value to work. 7. What is a common strategy to improve cash flow? A) Delaying invoice payments. B) Increasing inventory levels. C) Offering longer credit terms. D) Implementing efficient billing practices. Show Answer Correct Answer: D) Implementing efficient billing practices. 8. These are mainly maintained by business community to facilitate frequent transaction with big amounts. A) Fixed deposits. B) Current a/c deposits. C) Savings bank a/c. D) Recurring deposits a/c. Show Answer Correct Answer: B) Current a/c deposits. 9. What role does a financial advisor play in business decision-making? A) Provides legal advice. B) Offers marketing strategies. C) Gives financial guidance. D) Manages human resources. Show Answer Correct Answer: C) Gives financial guidance. 10. ..... is the process of setting financial goals and developing plans to reach them. A) Financial forecasting. B) Budgeting. C) Creating an income statement. D) Financial planning. Show Answer Correct Answer: D) Financial planning. 11. Financil management process deals with A) Investments. B) Financing decisions. C) Both A & B. D) None of the above. Show Answer Correct Answer: B) Financing decisions. 12. A majority of employees in most businesses receive a weekly or monthly salary. A) True. B) False. Show Answer Correct Answer: B) False. 13. The period between initial outlay and anticipated return is called A) Gestation period. B) Opportunity cost. C) Degree of risk. D) Long term investment. Show Answer Correct Answer: A) Gestation period. 14. A legal document that sets forth your wishes regarding the distribution of your property ..... A) Executor. B) Benficiary. C) Living trust. D) Will. E) Probate. Show Answer Correct Answer: D) Will. 15. A ..... is a report of the balances in all assets, liability, and owner's equity accounts at the end of a accounting period A) Statement of cash flows. B) Balance sheet. C) Income statement. D) Financial statement. Show Answer Correct Answer: B) Balance sheet. 16. Your employer needs to have this form given to you by January 31st so you can file your taxes. A) W-4. B) D-400. C) 1040EZ. D) W-2. Show Answer Correct Answer: D) W-2. 17. Cash & Cash Equivalent-24, 890Held for Trading-10, 000Trade and Other Receivables-16, 000Inventory-8, 960 If total current liabilities amounted to 19, 900, Net Sales for the present year amounted to 480, 000 and the ending receivables totaled to 16, 500. What is the accounts receivable turnover ratio? A) 29.10. B) 29.09. C) 29.54. D) 30. Show Answer Correct Answer: C) 29.54. 18. Bond backed by the reputation of the issuing corporation is? A) Debenture. B) Mortgage. C) Convertible. D) Registered. Show Answer Correct Answer: A) Debenture. 19. Money Markets are "funds required for long-term investment" . A) True. B) False. Show Answer Correct Answer: B) False. 20. The interest rate charged on new transactions if the penalty terms in the credit card contract are triggered. A) Over-the-limit fee. B) Penalty APR. C) APR. D) Introductory rate. Show Answer Correct Answer: B) Penalty APR. ← 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