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CBT TEST

FIN 101 CBT PRACTICE

Take your time to read instructions before taking this test.

 

 

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There are 40 questions which you are to answer in 15 minutes that gives you roughly 30 seconds per question.

 

If you can get at least 60%, you can be rest assured that you’ll ace FIN 101 exam

 

PS

 

In a normal exam you will be asked between 40 – 60 questions but I only arranged 40 questions

 

Note

 

Do not be in a hurry to answer the questions

Do not waste time on a question you don’t know

Move as fast as possible and starting with questions that don’t have calculation first to save time

Always crosscheck

Don’t be in a hurry to submit, you are not in a competition

Don’t be scared. Getting an A is easy

Don’t be over confident, you can end up a D, E or F. Calm your blood, no be only you sabi book

Please do well to use our comment box incase there’s a message you want to pass to us

70 – 100 A

 

60 – 69 B

 

50 – 59 C

 

45 – 49 D

 

40 – 44 E

 

0 – 39 F

 

I wish you success

 

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822

FIN 101

1 / 40

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

2 / 40

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

3 / 40

3. Cash flow element include ----------------

4 / 40

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

5 / 40

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

6 / 40

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

7 / 40

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

8 / 40

8. Buyers of shares are called ------------------------

9 / 40

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

10 / 40

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

11 / 40

11. 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.

12 / 40

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

13 / 40

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

14 / 40

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

15 / 40

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

16 / 40

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

17 / 40

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

18 / 40

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

19 / 40

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

20 / 40

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

21 / 40

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

22 / 40

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

23 / 40

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

24 / 40

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

25 / 40

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

26 / 40

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

27 / 40

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

28 / 40

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

29 / 40

29. Finance manager's duties include ______________

30 / 40

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

31 / 40

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

32 / 40

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

33 / 40

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

34 / 40

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

35 / 40

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

36 / 40

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

37 / 40

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

38 / 40

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

39 / 40

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

40 / 40

40. Profit after tax is --------------- item

Your score is

The average score is 30%

0%

Phil

Phil aka Undergragra is a Computer Engineering Graduate at the Federal University Oye-Ekiti. He is a lover of God, a passionate teacher, writer and an educational consultant.

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