FIN 101 CBT PRACTICE

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

2. Cash flow element include ----------------

3. 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.

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

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

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

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

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

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

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

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

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

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

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

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

16. Profit after tax is --------------- item

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

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

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

20. Finance manager's duties include ______________

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

39. Buyers of shares are called ------------------------

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