This quiz works best with JavaScript enabled. Home > Management > Financial Management > Financial Management – Quiz 48 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Financial Management Quiz 48 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A school decides to have larger classes, and examination results suffer as a result. In terms of the 'value for money' framework, which of the following statements is true? A) Economy has increased but efficiency has decreased. B) Efficiency has increased but effectiveness has decreased. C) Economy has increased but effectiveness has decreased. D) Economy has increased but efficiency and effectiveness have decreased. Show Answer Correct Answer: C) Economy has increased but effectiveness has decreased. 2. Which is an example of an Electronic Funds Transfer? A) Direct Deposit. B) Paper payroll check. C) Dividend payout. D) Monopoly money payment. Show Answer Correct Answer: A) Direct Deposit. 3. Redeemable preference shares can be redeemed out of A) The sale proceeds of investment. B) The proceeds of a fresh issue of shares. C) Securities premium reserve. D) The proceeds of issue of debentures. Show Answer Correct Answer: B) The proceeds of a fresh issue of shares. 4. Having ALOT of money means you are important A) True. B) False. Show Answer Correct Answer: B) False. 5. In his traditional role the finance manager is responsible for ..... A) Proper utilisation of funds. B) Arrangement of financial resources. C) Acquiring capital assets of the organization. D) Efficient management of capital. Show Answer Correct Answer: B) Arrangement of financial resources. 6. What will happen to your credit rating if you don't pay your loan? A) Poor. B) Good. C) Outstanding. D) Needs improvement. Show Answer Correct Answer: A) Poor. 7. The main advantage of ARR A) Easy comparisons. B) Money. C) Profit. D) Ignores timing of cash inflow. Show Answer Correct Answer: A) Easy comparisons. 8. Which TWO of the following statements are correct? 1. Maximising market share is an example of a financial objective 2. Shareholder wealth maximisation is the primary financial objective for a company listed on a stock exchange 3. Financial objectives should be quantitative so that their achievement can be measured 4. Three E's are used as a performance measure to assess value of money in not for profit organisations. The three E's stand for economy, efficiency and environment A) 2 & 3. B) 1 & 4. C) 2 & 4. D) 1 & 3. Show Answer Correct Answer: A) 2 & 3. 9. Offering protection coverages to its existing clients (life and non-life) A) Credit card. B) Automated teller machine. C) Locker sevices. D) Bancassurance. Show Answer Correct Answer: D) Bancassurance. 10. In assessing the company's health level, we classify it into 3 categories, namely Healthy, Unhealthy and Unhealthy. The company code in the 'Very Healthy' category is: A) " BB". B) " AA". C) "AAA". D) "BBB". Show Answer Correct Answer: C) "AAA". 11. Multiple compounding period means A) Interest compounded more than once in a year. B) Interest is calculated for a number of years. C) Interest compounded anually. D) None of above. Show Answer Correct Answer: A) Interest compounded more than once in a year. 12. Which is not an example of an unexpected event? A) Car accident. B) Fire. C) Trip to DIsney World. D) Breaking your arm. Show Answer Correct Answer: C) Trip to DIsney World. 13. To open a federal or a state bank in the United States, the owners have to meet special requirements including applying for a "charter" from the federal or state government. A) False. B) True. Show Answer Correct Answer: B) True. 14. Which of the following is not a function of a finance manager? A) Investor relations. B) Credit & collections. C) Investments. D) Appointment of financial personnel. Show Answer Correct Answer: D) Appointment of financial personnel. 15. What will be the present value of Rs.40, 00, 000 receivable at the end of 3 years at an interest rate 7% A) 3004000. B) 3040000. C) 3004100. D) None. Show Answer Correct Answer: A) 3004000. 16. All of these make a good first impression except A) Showing excitement. B) Helping your coworkers. C) Keeping a good personal appearance. D) Seeking advice and improvement. E) Doing the minimum amount of work. Show Answer Correct Answer: E) Doing the minimum amount of work. 17. Which of the following is NOT on a checkbook register? A) Payment dates. B) Check numbers. C) Payment amounts. D) Bank account balance. E) Payee names. Show Answer Correct Answer: D) Bank account balance. 18. Process of moving cash flows to a later time period, is the meaning of ..... A) Compounding. B) Discounting. C) Future Value. D) Present Value. Show Answer Correct Answer: A) Compounding. 19. The R in SMART Goal stands for A) Respectful. B) Reasonable. C) Relevant. D) None of above. Show Answer Correct Answer: C) Relevant. 20. What is the only payment method that does not charge interest or fees? A) Currency (cash). B) Credit Card. C) Debit Card. D) None of above. Show Answer Correct Answer: A) Currency (cash). ← 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