FIN 101 CBT PRACTICE

1. Money is the common denominator for the full range of activities performed in the business.

2. ---------- shareholders receive dividend at a fixed rate and they enjoy a priority over ordinary shareholders.

3. ------------------ is a book in which receipts and payment of money are recorded

4. There are two kinds of markets, namely real assets and ---------

5. The balance sheet is more important than other financial statements to report the activities and performance of the firm

6. Undistributed profits is also known as ----------------

7. Finance may be defined as the provision of money at the time it is-----------

8. Intangible ------------ include copyrights, patent, technical know-how.

9. Finance manager's duties include ______________

10. ----------- is an example of fixed asset

11. Buyers of shares are called ------------------------

12. The capital structure of a firm could be defined as -------------

13. Price mechanism is a vital organ of a ---------------, showing the goods and services required in the community.

14. Profit maximization objective is not always clear to stakeholders of the firm.

15. --------- represent ownership rights of their holders

16. A ------------ is a certificate stating the amount of money lent by a holder to the company.

17. Shareholders invest their money in the shares of a company in the expectation of a return on their invested ----------- .

18. ------- evolved from economics as its branch in the early part of the 20th century

19. According to Hornby (2001), finance is the money need or needed to--------- an activity, project, programme etc. and or the management ofmoney.

20. ---------- decisions involve capital expenditures which are referred to as capital budgeting decision.

21. Internal finance is also known to as ------- fund/finance

22. Which of the following was not always a major events in the life the firm for raising funds

23. Profit after tax is --------------- item

24. According to Anao (1993), which one of the following is an example of money or near-money

25. ----------------- are risks of losses because of unforeseen intervention by governments.

26. ----------------- are risks of losses because of unforeseen intervention by governments.

27. Business need to hold cash to achieve the ------------- motive

28. The accounting and control function for the finance manager include

29. A business is a concern, an enterprise, or organization set up by an individual or group of individuals for the purpose of making -------- from operations of the concern.

30. Profit planning is not related to considering ----

31. A ----------- can also obtain equity funds by retaining earnings available for shareholders

32. Shareholders can be of two types, namely preference and --------------------

33. The capital structure is said to be optimum when the market value of shares is --------------.

34. xternal finance is also known to as ------- fund/finance

35. The --------- are expected to be arranged in such a way that fund (money) is always available to make necessary payments as they arise.

36. Financial decisions is concerned with the acquisition and not disposal of assets through commitment or re-commitment of funds on a continuous basis.

37. The ----------- of profits distributed as dividend is called the dividend-payout ratio.

38. --------------- is an example of external finance

39. Cash flow element include ----------------

40. In a financial system, the Household are also referred to as ____________