15/10/2022, 14:45 PRELIM EXAM: Attempt review

Home / My courses / UGRD-BAFM6102-2213T / PRELIM EXAMINATION / PRELIM EXAM

Started on Saturday, 15 October 2022, 2:35 PM

State Finished
Completed on Saturday, 15 October 2022, 2:44 PM
Time taken 9 mins 27 secs
Marks 50.00/50.00
Grade 100.00 out of 100.00

Question 1

Correct

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Avoiding wastages in the production helps to maximize profit

Select one:
True 

False

Question 2

Correct

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Statement of Changes in Equity is also a Financial Statement

Select one:
True 

False

Question 3

Correct

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Acquisition of Funds should come first before financial planning

Select one:
True

False 

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15/10/2022, 14:45 PRELIM EXAM: Attempt review

Question 4

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Operating activities in cashflows is about operating expenses

Select one:
True 

False

Question 5

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Cash flow analysis is not important in maximizing the wealth of the business

Select one:
True

False 

Question 6

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Profit maximization is the objective of Financial Management

Select one:
True

False 

Question 7

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Financial Planning is important in Financial Management

Select one:
True 

False

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15/10/2022, 14:45 PRELIM EXAM: Attempt review

Question 8

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Wealth maximization is increasing the value of business

Select one:
True 

False

Question 9

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Diversification is should be adopted to avoid risk

Select one:
True 

False

Question 10

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Financial Statement Analysis based on materials used maybe classified as Horizontal analysis and vertical analysis

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True

False 

Question 11

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Leverage ratio measures the short-term obligation of the the business

Select one:
True

False 

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15/10/2022, 14:45 PRELIM EXAM: Attempt review

Question 12

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Financial management is also known as corporate finances

Select one:
True 

False

Question 13

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Price levels helps to maximize profit

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True 

False

Question 14

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Influential factor in the manufacturing is the production costs

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True 

False

Question 15

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Salaries of employees in the accounting department is considered production costs

Select one:
True

False 

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15/10/2022, 14:45 PRELIM EXAM: Attempt review

Question 16

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Activity ratio is also known as efficiency ratio

Select one:
True 

False

Question 17

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Shares and debenture is also called as corporate securities

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True 

False

Question 18

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Good Financial management is the key for sound financial condition.

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True 

False

Question 19

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Accounting and Finance can be one department

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True

False 

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15/10/2022, 14:45 PRELIM EXAM: Attempt review

Question 20

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Liquidity ratios are financial metrice to determine a company's ability to pay its long-term debts

Select one:
True

False 

Question 21

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Wealth is the true value or net worth of business

Select one:
True 

False

Question 22

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Gross profit margin is a profitability ratio

Select one:
True 

False

Question 23

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Financing is not considered as cashflows activity

Select one:
True

False 

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Question 24

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To maximize profit is to decrease the output

Select one:
True

False 

Question 25

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The elements of financial statement include the financial position and financial performance

Select one:
True 

False

Question 26

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Cashflows means cash inflows

Select one:
True

False 

Question 27

Correct

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Proper use of funds leads to the improvement of the operational efficiency of the business

Select one:
True 

False

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15/10/2022, 14:45 PRELIM EXAM: Attempt review

Question 28

Correct

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Finance manager must be knowledgeable in the area of accounting, finance, economics and management

Select one:
True 

False

Question 29

Correct

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Output levels is about finished goods produced

Select one:
True

False 

Question 30

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Mitigating any associated risk of loss is Wealth maximization

Select one:
True 

False

Question 31

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Financial Management is an asset management decisions

Select one:
True 

False

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15/10/2022, 14:45 PRELIM EXAM: Attempt review

Question 32

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Seeking for the highest possible returns on funds invested in the business is health maximization

Select one:
True 

False

Question 33

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Engaged in buying stocks is a form of investment

Select one:
True 

False

Question 34

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Financial position is about how the business generate revenue

Select one:
True

False 

Question 35

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Ratio analysis is a control device in the improvement of profitability

Select one:
True 

False

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15/10/2022, 14:45 PRELIM EXAM: Attempt review

Question 36

Correct

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Finance Manager plays a big role in Accounting function

Select one:
True

False 

Question 37

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Forecasting means the Budget report

Select one:
True 

False

Question 38

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Investment is an asset in the company

Select one:
True 

False

Question 39

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Financial management is also known as business finance

Select one:
True 

False

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15/10/2022, 14:45 PRELIM EXAM: Attempt review

Question 40

Correct

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Wealth maximization would decrease the shares held by stockholders

Select one:
True

False 

Question 41

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Direct materials is variable production costs

Select one:
True 

False

Question 42

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Financial statement are records that outline the financial activities of a business

Select one:
True 

False

Question 43

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Acquisition of fund is about finding possible sources of profits

Select one:
True

False 

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15/10/2022, 14:45 PRELIM EXAM: Attempt review

Question 44

Correct

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When expenses are greater than revenue, the result is profit

Select one:
True

False 

Question 45

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Financial management is important to have a smooth operation in the business.

Select one:
True 

False

Question 46

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Budgetary control is a tool to improve profitability

Select one:
True 

False

Question 47

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Vertical analysis are measured based on the relationship of each item in the Financial Statement with respect to the amount of a
certain account

Select one:
True 

False

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15/10/2022, 14:45 PRELIM EXAM: Attempt review

Question 48

Correct

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Investing is one of the activities in cashflows

Select one:
True 

False

Question 49

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Finance manager looks for the possible source of fund having minimal cost

Select one:
True 

False

Question 50

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Savings are possible when the business earns huge revenue

Select one:
True

False 

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