Which of the following is NOT a connected stakeholder? Select one: O a. Shareholders O b. Customers O c. Competitors O d. Local community df 31. Which of the following is MOST likely to fall within financial management? Select one: O a. Funds are raised to finance an investment project and surplus assets are disposed. b. Directors are appointed O c. Recruitment of Middle managers O d. Holding of Annual General Meeting Next page pol search O 19 32. In what part of The Statement of Cash Flows will 'Dividend paid appear? Select one: O a. Cash flows from Operating activity o b. Cash flows from Investing activity O c. Cash flows from Financing activity O d. Non-operating non cash item 33. Which one of the following is true? Select one: O a. Both Financial Accounting and Management accounting have prescribed set of formats. O b. It is compulsory for a public company to prepare financial accounts though preparation of management accounts is voluntary. nc. GAAP'S and IFRS's are followed in preparation of both financial accounts and management accounts. d. Financial accounts and management accounts are of interest to both internal and external stakeholders. Nautica of Search 36. What does this definition relate to? Something that leads to economic inflow. Select one: a. Assets o b. Liability c. Equity O d. Current liability Next page pof to search O HAM f 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 Select one: a. 1 b. 2 O c.3 d. None of the above of 39. Which of the following are important purposes of the budgeting process: 1. Planning 2. Identification of scarce resources 3. Authorisation and control 4. Co-ordination and communication 5. Motivation and performance evaluation ion Select one: O a. All of the above O b. None of the above c. 1 and 2 d. 1.2, 3 and 5 e. 2 and 3 Dimitare di O 9 be here to search TI_DUSIOSTILIULCE-3319 40. The matching concept ensures that: Select one: o a. Income and expenditure are recognized in the period ordered. O b. Income and expenses are recognized in the period invoiced. o c. Income and expenses are recognized in the period paid. O d. Income and expenses are recognized in the period earned/ incurred. .pdf TI_DUJITIUUU 46. The Quick ratio is a stricter measure of liquidity than the Current ratio. Select one: O True O False 47. Which of these is not a benefit of ratios? Select one: O a. Ratios are relative not absolute O b. Ratios have standard definitions O c. Ratios are a useful summary of detailed information O d. Ratios can be used to predict company failure T1_Business Finance_3319 48. Which of these businesses would you expect to have the lowest gross profit margin? Select one: a. Brick manufacturer b. Sports car manufacturer c. Designer handbags retailer d. Management consultancy Next pag to search TI_DUOLIUJ UU 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 ir the financial statements of the periods to which they relate. Select one: True False Next pa to search o 50. Which of the following help make Financial Statements useful to users? Relevant information 2. Reliable information Adherence to accounting policies 4. Consistency Select one: O a. 4 only b. 1 and 2 d. 2 and 4 d. All of them pdf
