BAFM6102 - Prelim Quiz 1 - Attempt Review
BAFM6102 - Prelim Quiz 1 - Attempt Review
BAFM6102 - Prelim Quiz 1 - Attempt Review
State Finished
Completed on Monday, 26 September 2022, 9:07 PM
Time taken 33 mins 24 secs
Marks 9.00/10.00
Grade 90.00 out of 100.00
Question 1
Correct
Select one:
a. Savings Promotion
b. Cash Management
Question 2
Correct
All else being equal, which of the following will increase a company’s current ratio?
Select one:
a. An increase in net fixed assets.
Correct
Select one:
a. Revenue maximization
b. Expense minimization
c. Wealth maximization
d. Profit maximization
Question 4
Correct
Lancaster Co. and York Co. have the same value of return on assets (ROA). What will happen if Lancaster Co. adjusts its accounting records for
the disposal of unusable equipment at a loss?
Select one:
a. York Co's ROA will decrease.
Question 5
Correct
Selzer Inc. has a net profit after taxes worth 62,195. It has a total assets worth 3 million, with a debt-to-equity ratio of 0.64. What is the firm’s
return on equity (ROE)?
Select one:
a. 71.0%
b. 7.1%
c. 33.4%
d. 3.4%
Question 6
Correct
Company A’s ROE is 20 percent, while Company B’s ROE is 15 percent. Which of the following statements can be true?
Select one:
a. Company A and Company B have the same amount of Liability.
b. None of these
Question 7
Correct
This is concerned with the acquisition, financing, and management of assets with some overall goal in mind. Its decision function includes areas
such as investment, financing, and asset management decisions
Select one:
a. Financial Concern
b. Managerial Accounting
c. Financial Management
d. Financial Accounting
Question 8
Correct
Select one:
a. A financial manager just delegates the responsibilities to his people and just wait for the results.
b. One of the benefits of being a financial manager is that you can get funds in the business entity without prior approval.
c. The finance manager must posses knowledge in the areas of accounting, finance, economics and management.
Incorrect
Select one:
a. Profit maximization
b. Expense minimization
c. Revenue maximization
d. Wealth maximization
Question 10
Correct
Select one:
a. Sell merchandise with 20% discount
b. Buy merchandise
c. none of these