QUESTION T Murpre choice. Tu Tharks) Choose the correct answer from the list of options below: 1. Which one is not a cost leadership strategy? a) Differentiation b) Use of new technology c) Cost leadership d) Focus strategy 2. What is the financial goal of a firm? a) Optimise liquidity b) Maximise return c) Maximise shareholder's wealth d) Maximise the firm's loans 3. Which one is not a fundamental principle upon which financial management is ba a) Debt consolidation b) Cost benefit C) Risk return d) Time value 4. Which financial statement represents firm's assets and liabilities? a) Statement of financial position b) Statement of assets and liabilities c) Statement of financial performance d) Statement of Cashflow position 6. Which one is not a category of financial ratios? a) Liquidity b) Profitability c) Activity d) Marketability 7. Which one is not a security ratio? Debt Equity Ratio Dividend per share c) Earnings Yield d) Price Earnings 8. Which of the following is not a direct cost? a) b) a) Carpenters wage in a factory b) Administration office rent c) Factory rent d) Wood use in the production of desks 9 Working capital is Fixed assets less current assets b) Current assets less current Liabilities c) Current liabilities less current assets d). Fixed assets less total liabilities a) Fiv 10 Which one is not a key GAAP concept? a) Materiality b] c) d) Historic Cost Accrual principle Management of assets