This quiz works best with JavaScript enabled. Home > Management > Financial Management > Financial Management – Quiz 68 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Financial Management Quiz 68 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Financial Management is concerned with ..... A) Investment Decisions. B) Finance Decisions. C) Dividend Decisions. D) All of the above. Show Answer Correct Answer: D) All of the above. 2. A ..... reports the assets, liability, and owner's equity at the end of an accounting period. A) Statement of cash flows. B) Balance sheet. C) Income statement. D) Financial statement. Show Answer Correct Answer: B) Balance sheet. 3. Jenna buys a keychain for $ 4.50. Sales tax is 6.5%. What is the TOTAL PRICE? A) .30. B) .29. C) .28. D) .31. Show Answer Correct Answer: B) .29. 4. Cash & Cash Equivalent-24, 890Held for Trading-10, 000Trade and Other Receivables-16, 000Inventory-8, 960If total liabilities amounted to 598, 030 and total assets amounted to 1, 014, 082. What is the debt ratio? A) 59%. B) 59.06%. C) 58%. D) 58.06%. Show Answer Correct Answer: B) 59.06%. 5. What is the main advantage of a corporation? A) Limited liability. B) Ease of raising capital. C) Unlimited life. D) Low cost and ease of formation. Show Answer Correct Answer: A) Limited liability. 6. The agency problem is a driving force behind the growing importance attached to sound corporate governance. In this context, who are the agents? A) Shareholders. B) Managers. C) Auditors. D) None of above. Show Answer Correct Answer: C) Auditors. 7. Money earned through work. A) Withdrawal. B) Expense. C) Deposit. D) Income. Show Answer Correct Answer: D) Income. 8. The A in SMART Goal Stands for A) Acceptable. B) Achievable. C) Attainable. D) None of above. Show Answer Correct Answer: C) Attainable. 9. Who should attend financial management training? A) Only those with skills in business analyst. B) Only those with accounting experience. C) Both accounting and non-accounting personnel. D) Only those with finance experience. Show Answer Correct Answer: C) Both accounting and non-accounting personnel. 10. A ..... is a set of documents that outline the essential financial facts about the new venture. A) Financial forecast. B) Budget. C) Income statement. D) Financial plan. Show Answer Correct Answer: D) Financial plan. 11. Medicaid is a ..... health insurance program to help people who cannot afford health care costs. A) Private. B) Government. C) Military. D) None of above. Show Answer Correct Answer: B) Government. 12. Interpretation means ..... data. A) Explaining. B) Entering data. C) Sharing of data. D) None. E) Threat. Show Answer Correct Answer: A) Explaining. 13. Tisha was planning her budget, what percentage should all her expenses add up to be to her net pay? A) 50%. B) 75%. C) 100%. D) 105%. Show Answer Correct Answer: C) 100%. 14. Suppose you invest $ 1, 000 today, compounded quarterly, with the annual interest rate of 5.00%. What is your investment worth in one year? A) $ 1, 025.00. B) $ 1, 050.95. C) $ $ 1, 051.95. D) $ 1, 150.95. Show Answer Correct Answer: B) $ 1, 050.95. 15. Which of the following ratios would be the best measure of solvency? A) Return on assets ratio. B) Price earnings ratio. C) Current ratio. D) Times-interest earnede ratio. Show Answer Correct Answer: D) Times-interest earnede ratio. 16. Current assets are those assets which get converted into cash A) Within 6 months. B) Within one year. C) Between one and three years. D) Between three and five years. Show Answer Correct Answer: B) Within one year. 17. You can usually cash your check at your own bank without paying an extra fee A) True. B) False. Show Answer Correct Answer: A) True. 18. Nessi earns $ 10.15 per hour. During this pay period the monster worked 36 hours. How much was her gross pay? A) $ 365.40. B) $ 46.15. C) $ 540. D) None of above. Show Answer Correct Answer: A) $ 365.40. 19. If a company follows labour intensive technique in production, they will go for less requirement of fixed capital. A) True. B) False. Show Answer Correct Answer: A) True. 20. When you remove funds from your account that is known as a A) Deposit. B) Tax. C) Withdrawal. D) Pension. E) Interest. Show Answer Correct Answer: C) Withdrawal. ← 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