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NATIONAL OPEN UNIVERSITY OF NIGERIA
UNIVERSITY VILLAGE, PLOT 91, CASDASTRAL ZONE, NNAMDI AZIKIWE EXPRESS WAY, JABI, ABUJA.
FACULTY OF MANAGEMENT SCIENCES
MAY/JUNE 2012 EXAMINATION
BHM 302 Business Finance II
Time Allowed: 2 Hours
Instruction: Attempt any three (3) questions of your choice. Each question carries 23.3 marks. Present your answers legibly and logically using relevant examples.
- (a) What do you understand by financial resources? [2.3 marks]
(b) Identify and explain three sources of financing. [9 marks]
(c) Mention and explain two major cash outflows in business. [6 marks]
(d) Explain intra-firm cash flow. [6 marks]
- (a) What are bank credits? [3.3 marks]
(b) Mention and explain five types of bank credits. [15 marks]
(c) Explain the activities of the commercial banks in extending credits to the public and private sectors of the economy. [5 marks]
- (a) What is a loan? [3.3 marks]
(b) Identify and explain three different ways that funds could be raised to start or finance a business. [15 marks]
(c) Describe the sharing of profits and losses in a partnership. [5 marks]
- (a) What do you understand by finance? [3.3 marks]
(b) The objectives of financial management should be understood in the light of the objectives of the enterprise as a whole. Highlight five of these objectives. [5 marks]
(c) Finance functions involve three main types of decisions. Mention and explain these decisions. [9 marks]
(d) Write short notes on:
(i) Venture capital [3 marks]
(ii) Equipment leasing [3 marks]
- (a) Explain the concept of capital formation. [3.3 marks]
(b) Discuss the importance of capital formation. [8 marks]
(c) Discuss reasons for low rate of capital formation in Nigeria. [6 marks]
(d) Discuss the distinction between fixed capital and working capital. [6 marks]
