BFN209

Category: BFN209

ATTENTION:

Kindly note that you will be presented with 50 questions randomized from the NOUN question bank. Make sure to take the quiz multiple times so you can get familiar with the questions and answers, as new questions are randomized in each attempt.

Good luck!

BFN209

1 / 50

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

2 / 50

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

1. profit economy

2. income effect

3. market economy

4. sales economy

3 / 50

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

1. derived

2. right

3. wrong

4. speculative

4 / 50

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

1. True

2. Not always true

3. Sometimes true

4. False

5 / 50

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

1. Appreciation

2. Depreciation

3. Interest

4. Income

6 / 50

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

1. Bi-annual general meeting

2. Quarterly general meeting

3. Annual general meeting

4. Weekly general meeting

7 / 50

 A ------- generates whatever capital it needs and utilizes it in activities which generate returns on invested capital

8 / 50

Finance manager's duties include ______________

1. Selecting and evaluating projects

2. Selecting and supervising projects

3. Selecting and working on projects

4. Checking and evaluating projects

9 / 50

 A business organization performs ---------- functions simultaneously andcontinuously in the normal course of its activities.

10 / 50

Profit after tax is  --------------- item

1. Market analysis

2. An income statement

3. Sales records

4. Quick sort

11 / 50

 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 / 50

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

1. The mix of equity and debt

2. The joint of equity and debt

3. The mix of equality and debt

4. The joint of interest and audits

13 / 50

Cash flow element include ----------------

1. Investing Activities

2. Market analysis

3. Quick sort

4. Sales strategies

14 / 50

Shareholders can be of two types that is, preference and ------------

15 / 50

Buyers of shares are called ------------------------

16 / 50

----------- represent ownership rights of their holders

17 / 50

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

1. Sometimes true

2. True

3. Always false

4. False

18 / 50

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

1. Certificate of certainty

2. Certificate of income

3. Certificate of authenticity

4. Certificate of deposits

19 / 50

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

1. Extract

2. Perfect

3. Indifference

4. Ordinary

20 / 50

----------- shareholders they enjoy a priority over ordinary shareholders.

21 / 50

Undistributed profits is also known as ----------------

1. Retained profit

2. Retained deposit

3. Retained interest

4. Retained earnings

22 / 50

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

23 / 50

----------- markets are for physical or tangible assets such as plant, machinerywheat, office, gold, buildings etc.

24 / 50

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

25 / 50

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

1. Profit book

2. Audit book

3. Cost book

4. Cash book

26 / 50

Capital structure is the mix of equity and ------------

27 / 50

AA.

The ---------- ratio is the retained portion of profits.

28 / 50

AB.

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

29 / 50

AC.

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

30 / 50

AD.

----------- is the medium of exchange in business

31 / 50

AE.

The return for shareholders consists of ----------- and capital gain.

32 / 50

AF.

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

33 / 50

AG.

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

1. true

2. always false

3. Sometimes true

4. false

34 / 50

AH.

----------- is an example of fixed asset

1. furniture and fittings

2. settings and fixing

3. furniture and appliances

4. finishing and decorating

35 / 50

AI.

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

36 / 50

AJ.

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

37 / 50

AK.

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

38 / 50

AL.

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

39 / 50

AM.

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

40 / 50

AN.

--------------- is an example of external finance

1. Audit

2. Loan

3. Capital

4. Debit

41 / 50

AO.

External finance is also known to as ------- fund/finance

42 / 50

AP.

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

43 / 50

AQ.

The accounting and control function for the finance manager include

1. Profit matters

2. Inventry matters

3. Income matters

4. Tax matters

44 / 50

AR.

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

45 / 50

AS.

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

46 / 50

AT.

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

1. True

2. False

3. Sometimes true

4. Not always true

47 / 50

AU.

 Financial market trades on ------------  assets

48 / 50

AV.

-------------------- is the meeting point for investors and firms

1. Labour market

2. Capital market

3. Industrial market

4. Money market

49 / 50

AW.

Finance plays a very important role in any ----------- activities

50 / 50

AX.

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

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