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5Points Quiz

Which one alternative is not true of the Financial Manager?

        A.   S/he is the Chief Executive Officer of the organization.

        B.   S/he is the Chief Executive Officer of the organization.

        C.   He maintains records, prepares progressive financial report through auditing, financial/managerial accounting.

        D.   Finance manager's position is significant

Answer: A

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Which one alternative may not pass as goal of of the firm?

        A.   Profit maximization

        B.   Profit maximization

        C.   Survival of the organisation

        D.   Perpetuation in office of the Finance Manager

Answer: D

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The smaller business

        A.   consolidates many duties in fewer sections and units.

        B.   shuts down the finance section to save cost.

        C.   outsources the finance function.

        D.   maintains a competent group of finance people.

Answer: A

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The finance function to staff and departments will be dependent upon

        A.   the age and location of the organisation.

        B.   ownership and culture of the organisation.

        C.   the size and magnitude of the business organisation.

        D.   None of the following.

Answer: C

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Which essentially is not the duty of the Finance Manager?

        A.   Raising funds

        B.   Procurement of raw materials for manufacturing

        C.   Selecting and evaluating projects

        D.   Budgeting

Answer: B

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Which alternative is not an important routine finance functions?

        A.   Record keeping and reporting.

        B.   Custody and safeguarding of securities, insurance policies and other valuable papers.

        C.   Supervision of cash receipts and payments and cash balances safeguarding

        D.   None of the alternatives

Answer: D

For More Quiz Questions click here to download Global Quiz on Google PlayStore


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