JUJUUST II dICE_3319 5. Equity is: Select one: O a. A combination of retained profit and dividends O b. The shareholder's stake in the business O c. The concept of all shareholders being treated equally O d. An investment that will attract interest 8. Which of the following is a Current liability? Select one: O a. Capital o b. Trade payables O c. Trade receivables Od. Inventory 10. Which of the following is a non-current liability? Select one: O a. Money due to employees O b. Factory Building O c. A 10-year loan borrowed to finance factory building O d. Trade receivables which of the following is MOST likely to fall within financial management? 32. In what part of The Statement of Cash Flows will Dividend paid appear? ct one: Funds are raised to finance an investment project and surplus assets are disposed: Directors are appointed Recruitment of Middle managers Holding of Annual General Meeting Select one: O a. Cash flows from Operating activity O b. Cash flows from Investing activity cCash flows from Financing activity Od. Non-Operating non cash item O 37. What is a budget? 1. A financial and operational business plan 2. An estimation of an organisation's financial performance 3. A financial business plan covering the next 2-3 years 39. Which of the following are important purposes of the budgeting process 1 Manning 2 identification of scarce resources 1 Authorisation and control 4 Co-ordination and communication 5 Motivation and performance evaluation Select one: Select one: All of the above b. None of the above locanda Od 2.3 and 5 2 and 3 Ob.2 0.0.3 d. None of the above o Ti_Business Finance_3319 47. Which of these is not a benefit of ratios? 4. Which of these businesses would you expect to have the lowest pross profit mare Select one: a. Ratios are relative not absolute O b. Ratios have standard definitions Ot. Ratios are a useful summary of detailed information d. Ratios can be used to predict company failure Select one a Brick manufacturer Ob Sports car manufacturer c. Designer handbags reader d Mement consultancy TETAS Which of the following is MOST Ikely to fall within financial management? 22. in what part of the Statement of Cash Flows will dividend paid appear? Select one 2. Funds are raised to finance an investment project and surplus assets are disposed hectors are appointed O Recruitment of Middle manager Holdings of Anal General Meeting Select one O Cash flows from Operating activity O b. Cash flows from investing activity O Cash flows from Financing activity Od.Non operating non cash item :53 33. Which one of the following is true? 36. What does this definition relate to? Something that leads to economic inflow Select one o. Both Financial Accounting and Management accounting have prescribed set of formats B. It is compulsory for a public company to prepare financial accounts though preparation of management accounts is voluntary GAAPS and IFRSs are followed in preparation of both financial accounts and management accounts Financial accounts and management accounts are of interest to both internal and keholders Select one: O a Assets O Liability O c Equity d. Currently O 0:54 49. Accrual accounting means that the effects of transactions are other events are recognized when they occur, not when cash is paid or received, and they are recorded the financial statements of the periods to which they relate in? 50. Which of the following help make Financial Statements useful to users? 1. Relevant information 2 Reliable information 3 Adherence to accounting policies 4 Consistency Select one True False Select one: 4 only 1 and 2 c.2 and 4 d. All of them 37. What is a budget? 1. A financial and operational business plan 2. An estimation of an organisation's financial performance 3. A financial business plan covering the next 2-3 years 19. Which of the following are important purposes of the budgeting process: 1 Manning 2 Identification of scarce resources Authorisation and control 4 Co-ordination and communication 5 Motivation and performance evaluation Select one: Od 1 O 6.2 06. d. None of the above Select one All of the above b. None of the above O c. 1 and 2 Od 1.2.3 and 5 2 and 3