FIN 101 CBT PRACTICE

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

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

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

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

5. 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.

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

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

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

9. Cash flow element include ----------------

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

11. Profit after tax is --------------- item

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

30. Finance manager's duties include ______________

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

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

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

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

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

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

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

38. Buyers of shares are called ------------------------

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

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