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20 questions
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- Multiple ChoicePlease save your changes before editing any questions.
This is are markets where transactions involving long-term debt or those maturing in more than a year is called _________.
capital markets
money markets
public market
product marketing
- Multiple ChoicePlease save your changes before editing any questions.
One of the financial institutions that operates by collecting premiums from clients is called ____________ .
brokerage
credit union
investment banks
insurance companies
- Multiple ChoicePlease save your changes before editing any questions.
It is a document which the borrower gives to the lending institution in exchange for the money he borrowed is called _______.
gift certificate
check
collateral
promissory note
- Multiple ChoicePlease save your changes before editing any questions.
If you hear the word "finance", what comes into your mind?
bank
treasurer
money
ATM
- Multiple ChoicePlease save your changes before editing any questions.
_____________ is tasked to prepare a cost and benefit analysis on which is more costly or cheaper, to purchase or rent on plant, property and equipment.
logistics
accounting Supervisor
accountant
bookkeeper
- Multiple ChoicePlease save your changes before editing any questions.
A financial report showing the result of operation at a given period of time is ____________.
Statement of Cash Flow
Statement of Financial Position
statement of Comprehensive Income
Statement of Equity
- Multiple ChoicePlease save your changes before editing any questions.
It is the allocation of scarce resources according to an economist's perspective is called ________.
Division of profits and losses
Arbitrary ratio
Finance
asset allocation
- Multiple ChoicePlease save your changes before editing any questions.
_______________ is responsible in presenting or requesting budget for advertisement and promotion of products.
advertising manager
marketing officer
finance officer
accounting supervisor
- Multiple ChoicePlease save your changes before editing any questions.
He is one of the people involved in financial management wherein he is tasked to show how the hiring of additional manpower will help with productivity is called ________.
Personnel officer
human resource manager
general manager
accounting supervisor
- Multiple ChoicePlease save your changes before editing any questions.
The department that is responsible in requesting acquisitions and delivery of assets needed by the company is called __________ .
Cashier
finance officer
logistics
budget officer
- Multiple ChoicePlease save your changes before editing any questions.
A person who is not necessarily the owner of the business but has a stake on how the business is performing is called __________.
stakeholder
stockholder
partners
manager
- Multiple ChoicePlease save your changes before editing any questions.
They are considered owners of the business and have voting rights, entitled to dividends which depend on their share and earnings of the corporation. They are called _________.
stockholder
stakeholder
employees
investors
- Multiple ChoicePlease save your changes before editing any questions.
One of the internal stakeholders wherein the financial reports are necessary for them for decision making purposes. They are called ________.
Top Management
Department managers
Board of directors
employees
- Multiple ChoicePlease save your changes before editing any questions.
It accepts deposits from individuals and organizations that have excess funds and provide loans to those who are in need. This financial institution is called _______.
investment banks
commercial banks
credit unions
insurance companies
- Multiple ChoicePlease save your changes before editing any questions.
The accounting equation must always be
balanced
uneven
zero
equal to the square root of 5
- Multiple ChoicePlease save your changes before editing any questions.
What type of an account is cash?
ASSET
LIABILITIES
OWNER'S EQUITY
- Multiple ChoicePlease save your changes before editing any questions.
Assets=Liabilities-Owner's Equity is the accounting equation
TRUE
FALSE
- Multiple ChoicePlease save your changes before editing any questions.
Something of value OWNED by the company is a
Liability
Asset
Owner's Equity
- Multiple ChoicePlease save your changes before editing any questions.
Something of value OWED by a company is called a(n)
Asset
Liability
Owner's Equity
- Multiple ChoicePlease save your changes before editing any questions.
For an investor, personal and business money are put together and not kept separate.
TRUE
FALSE