FIN 101 CBT PRACTICE

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

20. Profit after tax is --------------- item

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

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

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

24. 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.

25. Finance manager's duties include ______________

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

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

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

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

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

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

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

33. Cash flow element include ----------------

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

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

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

37. Buyers of shares are called ------------------------

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

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

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