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Managing Finances Flashcards | StudBud
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Managing Finances
Managing Finances
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StudBud Administration
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Managing Finances Quiz
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
What are some ways to build your savings?
Ramp up for retirement
Pay debts off
Start an emergency fund
All of the above
2
What are ways to spend money successfully?
All of the above
If you have money, pay a high down payment on your mortgage.
When you can borrow/rent, don't buy
Spend what you have, not what you hope to make
3
What is the first step to managing personal finances?
After the first month, take stock of what you spent
Be honest with yourself about your budget
Keep track of all your expenses
Make a Budget
4
What is not an objective of Financial management?
Ensure optimum funds utilization
Ensure that there is maximum profit being made
Ensure adequate returns to the shareholders
Regular and adequate supply of funds
5
Trivia: Whose portrait is on the Canadian five dollar bill?
Wilfrid Laurier
Sir John A. Mcdonald
Stephen Harper
Pierre Trudeau
6
What payment method would not be accepted at a typical fast food restaurant?
Cheques
Debit Card
Cash
Gift Cards
7
"I don't know what the future may hold, but I know who holds the future" Who said this quote?
Ralph Abernathy
Steve Jobs
Mark Cuban
Bill Gates
8
Trivia: What is the current student wage in Ontario?
$11
$10.55
$10.30
$10.25
9
Which of these options is considered NOT to be an asset?
Cash
Mortgage
Car
Computer
10
What is 10 + 10?
20000
20
2000
200
11
What is a Fixed Asset?
Wealth in the form of money or property owned by a business
Long-term tangible pieces of property that a firm owns
A type of debt, for example bonds, mortgages and loans
Things you own, can be cash or any personal item
12
Which payment method can you use for online shopping websites?
Cheques
Debit Card
Cash
13
Which of these options are not part of the three main criteria for investment decisions?
Must make a decent profit
Return cash to shareholder to maximize value
Must be financed appropriately
Must maximize the value of the firm
14
For additional funds to be procured, a company has many choices like...?
Loans to be taken from banks and financial institutions
Public deposits to be drawn like in form of bonds
Issue of shares and debentures
All of the above
15
What does a finance manager have to do for financial controls?
Spend the extra funds
Keep the funds to themselves
Exercise control over finances
All of the above
