FIN 101 CBT PRACTICE

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

20. Finance manager's duties include ______________

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

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

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

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. The accounting and control function for the finance manager include

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

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

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

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

30. Cash flow element include ----------------

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

32. Buyers of shares are called ------------------------

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

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

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

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

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

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

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

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