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Financial Management Basics Quiz

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Questions and Answers

What is the primary purpose of Financial Management?

To manage employee performance

To control marketing strategies

To create a budget for daily operations

To influence the company’s profit and loss account (correct)

Which term best defines the proper allocation of resources for long-term benefits?

Working Capital Management

Financial Risk Assessment

Current Asset Management

Capital Budgeting (correct)

What does wealth maximization focus on in Financial Management?

Increasing shareholders' wealth through market value (correct)

Reducing operational costs

Maximizing employee productivity

Increasing the firm's earnings per share

Which of the following is NOT considered an objective of Financial Management?

Increasing market share Signup and view all the answers

What is a key aspect of managing long-term financing?

Deciding the right mix of debt and equity Signup and view all the answers

Effective management of which area is crucial for maintaining working capital?

Cash, inventory, and receivables Signup and view all the answers

Which financial decision focuses on raising funds?

Financing Decision Signup and view all the answers

What is a consequence of inefficient financial management?

Poor profitability and sustainability Signup and view all the answers

Which factor is NOT considered in the dividend decision?

Tax compliance Signup and view all the answers

What is the significance of cash flow position in capital structure?

It ensures the company can meet its financial obligations. Signup and view all the answers

Which of the following is a primary objective of financial planning?

Ensure timely availability of funds. Signup and view all the answers

What does the term 'Capital Structure' refer to?

The proportion of debt and equity used to finance operations. Signup and view all the answers

What is an important factor influencing a company's choice between debt and equity?

Interest coverage ratio Signup and view all the answers

Which type of capital involves long-term investments in assets necessary for production?

Fixed Capital Signup and view all the answers

Which of these is a consideration when determining the fixed capital needs of a business?

Nature of Business Signup and view all the answers

What does financial planning help to prepare for?

Uncertain future needs Signup and view all the answers