This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 9 Financial Management – Quiz 72 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 9 Financial Management Quiz 72 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the main objective of corporate planning? A) Directing and controlling the future of the company. B) Maximizing employee productivity. C) Maximizing short-term revenue. D) Minimizing long-term liabilities. Show Answer Correct Answer: A) Directing and controlling the future of the company. 2. Which of the following is included in a complete set of financial statements? A) A statement by the board of directors of compliance with local legislation. B) A statement of changes in equity. C) Summarized statements of financial position for the last five years. D) Value added statement. Show Answer Correct Answer: B) A statement of changes in equity. 3. "Needs" are things you must have to survive, while "wants" are things you desire but can live without A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 4. Calculate the present value of Rs.1, 000 to be received at the end of 8 years. Assume an interest rate of 7%. A) 582.00. B) 1718.19. C) 531.82. D) 5971.30. Show Answer Correct Answer: A) 582.00. 5. Mm approach assumes A) The dividend payout ratio is 100% that is there is no retained earnings. B) Capital markets are assumed to be perfect. C) Investors act rationally. D) All of the above. Show Answer Correct Answer: D) All of the above. 6. Nominal interest rates are the sum of two major components. These components are ..... A) The real interest rate and expected inflation. B) The risk-free rate and expected inflation. C) The real interest rate and default premium. D) The real interest rate and the T-bill rate. Show Answer Correct Answer: A) The real interest rate and expected inflation. 7. Suppliers A) Internal User. B) External User. C) All the above. D) None of the above. Show Answer Correct Answer: B) External User. 8. The method that converts the amount of present cash into an amount of cash of equivalent value in future is A) Budgeting. B) Discounting method. C) Both. D) Compounding method. Show Answer Correct Answer: B) Discounting method. 9. One way to prepare and file your federal income tax return is online. Filing your taxes online is called ..... A) Government file. B) E-File. C) Manual file. D) None of the above. Show Answer Correct Answer: B) E-File. 10. Data analytics tools can improve financial decision-making A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 11. It is anything generally accepted as a means of paying for goods and services and for paying off debts or liabilities. A) Finance. B) Money. C) Bills. D) Coins. Show Answer Correct Answer: B) Money. 12. Is an ongoing process that will reduce your stress about money, support your current needs and help you build a nest egg for your long-term goals, like retirement. Financial planning is important because it allows you to make the most of your assets, and helps ensure you meet your future goals. A) Budgeting. B) Financial Planning. C) Financing. D) Financial management. Show Answer Correct Answer: B) Financial Planning. 13. How many 'C's are taken into the consideration while deciding the credit policy of customer? A) Two. B) Three. C) Four. D) Five. Show Answer Correct Answer: D) Five. 14. What does the operating cycle measure? A) Profitability of the business. B) Time from production to collection of cash. C) Efficiency in production. D) Total sales over a period. Show Answer Correct Answer: B) Time from production to collection of cash. 15. What is one of the top 10 importance of financial management? A) Marketing Strategies. B) Customer Service. C) Financial Planning. D) Human Resource Management. Show Answer Correct Answer: C) Financial Planning. 16. Role of financial manager involves which of the following decisions A) Financial Decision. B) Investment Decision. C) Dividend Decision. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. The money you get before deductions is called? A) Gross Pay. B) Net Pay. C) Take Home Amount. D) Year To Date. Show Answer Correct Answer: A) Gross Pay. 18. Which entry method best suits a company that wants rapid international expansion with low capital commitment while maintaining brand standards across outlets? A) Franchising standardized operations to local partners. B) Licensing proprietary technology to local manufacturers. C) Exporting finished goods to foreign distributors. D) Building wholly owned subsidiaries in multiple countries. Show Answer Correct Answer: A) Franchising standardized operations to local partners. 19. ..... are the creditors' claims to the assets of a business. A) Liabilities. B) Owner's equity. C) Equity. D) Assets. Show Answer Correct Answer: A) Liabilities. 20. Which of the following can't be a Capital Structure? A) Equity + Debentures. B) Equity only. C) Preference Shares only. D) Equity + Preference. Show Answer Correct Answer: C) Preference Shares only. 21. There are 12 months in a year. How many years is 48 months? A) 3. B) 4. C) 5. D) None of the above. Show Answer Correct Answer: B) 4. 22. Below are the responsibilities of financial managers, except A) Controlling credit operations. B) Acquiring needed inventory. C) Making capital expenditures. D) Decide equity share percentage to founders and investors. E) Managing day-by-day needs of the business. Show Answer Correct Answer: D) Decide equity share percentage to founders and investors. 23. What is the chief financial question before an organisation? A) How much finance will be required for various business activities. B) How much amount can be acquired from various resources. C) How the profit of the business will be divided. D) All of these. Show Answer Correct Answer: D) All of these. 24. Bharat Express' specialises in Courier Services and helps business firms to make sure that the goods are made le to the customers at the right place and at the right time. What will be the working capital requirement of the company? A) High. B) Low. C) Moderate. D) Depend on the volume of business. Show Answer Correct Answer: B) Low. 25. The followings are elements of the financial management except A) Debts and savings. B) Purification of property. C) Savings, investmensts and protections. D) Budget. Show Answer Correct Answer: D) Budget. ← PreviousNext →Related QuizzesClass 12 Business Studies Chapter 9 Financial Management Quiz 1Class 12 Business Studies Chapter 9 Financial Management Quiz 2Class 12 Business Studies Chapter 9 Financial Management Quiz 3Class 12 Business Studies Chapter 9 Financial Management Quiz 4Class 12 Business Studies Chapter 9 Financial Management Quiz 5Class 12 Business Studies Chapter 9 Financial Management Quiz 6Class 12 Business Studies Chapter 9 Financial Management Quiz 7Class 12 Business Studies Chapter 9 Financial Management Quiz 8Class 12 Business Studies Chapter 9 Financial Management Quiz 9Class 12 Business Studies Chapter 9 Financial Management Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books