BUSFIN– QUIZ NO.

1
Name:
Section:

I. True or False. Write TRUE or FALSE not T or F. (NO ERASURES ON FINAL ANSWERS.)
__________ 1. Private finance deals with government finance, including taxes and licenses being
raised by the government.
__________ 2. The term finance has a standard definition that is universally recognized and
accepted.
__________ 3.Finance is considered an art since it involves financial facts and truths.
__________ 4. Financing activities include decisions related to raising of funds or capital through
loans or issuance of stocks.
__________ 5. The operating decision of the finance officer is related to the day-to-day activities of
the business.
__________ 6. It is enough for the finance officer to have knowledge of accounting.
__________ 7. Dividend income is earned through investment in bonds.
__________ 8. Capital appreciation is one of the purposes of investment.
__________ 9. Allocation or managing the resources of the business is one of the functions of
finance.
__________ 10. Business are expected and limited to having four divisions: Operating, Finance,
Marketing and General and Administrative.
__________ 11. Generally, finance connotes money or cash.
__________ 12. Credit management includes management of receivables and payables.
__________ 13. Accounting deals with allocating of limited resources which is also a tool in finance.
__________ 14.Investing decisions include acquisition of non-current assets.
__________ 15. Capital market focuses on working capital and capital budgeting decisions.
__________ 16. The Board of Directors is the chief management officer of a business.
__________ 17. Marketing is synonymous to Sales.
__________ 18. A finance officer is expected to be ethically and morally upright.
__________ 19. The decision of the finance officer regarding the opening of a branch is a financing
decision.
__________ 20. Finance is static.