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FBL5030. Session 1: Know what you sign up for. Flashcards | StudBud
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FBL5030. Session 1: Know what you sign up for.
FBL5030. Session 1: Know what you sign up for.
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#FBL5030
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
The law of demand and supply states that...
high supply and low demand increase price.
scarcity leads to low price of goods and services.
low supply and high demand decrease price.
low supply and high demand increase price.
2
Does profit equals to cash?
No
Yes
3
Who is she?
Accountant
Finance officer
Edith Cowan
4
When will I get my feedback on my assessments?
Within 2 weeks after the the official result.
Within 2 months after the deadline.
Maybe next semester.
Within 2 weeks after the deadline, except for finance.
5
What is accounting?
The debit and credit records in bank statements.
The recording of financial transactions of a business.
A study of public ledgers.
Let me Google.
6
BHP Billiton produces an annual report (AR). The AR is an outcome of...
Cost accounting
Financial accounting
Management accounting
7
What is economics?
A study to make things cheaper.
A study of societal growth.
A study of how societies allocate limited resources.
A study of GDP.
8
Finance is a study of
money, banking, credit , investments, assets and liabilities
the management of economics growth of a country.
import and export of goods and services.
9
I should invest in a project showing an accounting profit, despite it has a negative cash flow.
False
True
10
How would you be assessed in FBL5030?
Economics: 10%; Accounting: 35%; Finance: 35%; Prework: 20%
Economics: 30%; Accounting: 30%; Finance: 20%; Prework: 20%
Economics: 35%; Accounting: 35%; Finance: 20%; Prework: 10%
Economics: 20%; Accounting: 35%; Finance: 35%; Prework: 10%
11
Do you have the textbook for FLB5030?
Yes
No
I'll check again.
Maybe
12
When will the Economics test due?
Next semester
Next week
Thursday 29 Apr
Friday 30 Apr
13
Who is responsible to set the interest (cash) rates in Australia?
NAB, ANZ, Westpac, CommBank.
Federal government.
P2P financial institutions
Reserve Bank of Australia.
14
Where this rock is located?
India
Somewhere on Google map
Sri Lanka
Australia
15
What are the branches of accounting?
All of the above
Financial
Costing
Management