Finance in Business Concerns
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Questions and Answers

What is the significance of finance in a business concern?

  • It is only important for the marketing department
  • It is only important for the human resource department
  • It is irrelevant to the business activities
  • It is interlinked with all activities performed by the business concern (correct)

    • What happens if the finance in a business concern is not properly arranged?

  • The business concern becomes more efficient
  • The business system will stop (correct)
  • The business concern becomes less profitable
  • The business concern continues to function normally

    • How can the financial requirements of a business concern be broadly classified?

  • Short-term and long-term financial requirements (correct)
  • Operational and strategic financial requirements
  • Outgoing and incoming financial requirements
  • Profit and loss financial requirements

    • What does long-term financial requirement refer to?

    <p>Finance needed to acquire land, building, and other fixed expenditure</p> Signup and view all the answers

    What is fixed capital in the context of a business concern?

    <p>The capital used to purchase fixed assets such as land and building</p> Signup and view all the answers

    What does fixed capital requirement include?

    <p>Expenditure on land and building, plant and machinery</p> Signup and view all the answers

    What determines the quantum of finance required by a business concern?

    <p>The nature and situation of the business concern</p> Signup and view all the answers

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