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FIN 101 CBT PRACTICE

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Take your time to read instructions before taking this test.

 

 

 

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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FIN 101

1 / 40

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

2 / 40

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

3 / 40

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

4 / 40

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

5 / 40

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

6 / 40

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

7 / 40

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

8 / 40

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

9 / 40

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

10 / 40

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

11 / 40

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

12 / 40

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

13 / 40

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

14 / 40

14. Cash flow element include ----------------

15 / 40

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

16 / 40

16. Finance manager's duties include ______________

17 / 40

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

18 / 40

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

19 / 40

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

20 / 40

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

21 / 40

21. Buyers of shares are called ------------------------

22 / 40

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

23 / 40

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

24 / 40

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

25 / 40

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

26 / 40

26. 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.

27 / 40

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

28 / 40

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

29 / 40

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

30 / 40

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

31 / 40

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

32 / 40

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

33 / 40

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

34 / 40

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

35 / 40

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

36 / 40

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

37 / 40

37. Profit after tax is --------------- item

38 / 40

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

39 / 40

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

40 / 40

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

Your score is

The average score is 31%

0%

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