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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
10 terms
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StudBud Administration
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Quiz to test finance related knowledge
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
Finance is like ................. of the organization
Health
Blood
Primary step
idea
2
The fundamental economic problem faced by all societies is
Scarcity
unemployment
Poverty
inequality
3
Advertisement means
Attracting the customers towards the product
to attract the Retailer
to attract the wholesaler
To sale goods on credit
4
Buying a single company's stock usually provides a safer return than a stock mutual fund.
True
False
Do not know
5
Gross Profit is the difference between:
Revenue and Net Income
Asset and Liabilities
None of the above
Revenue and all standard cost
6
Money creative bank is:
Both A & B
Commercial Bank
Consumer Bank
Central Bank
7
Suppose you have $100 in a savings account earning 2 percent interest a year. After five years, how much would you have?
Less than $102
More than $102
Don't Know
Exactly $102
8
Who is Father of Scientific Management ?
Henry Fayol
Elton Mayo
Chester Bernard
F. W. Taylor
9
What financial statement lists assets from current to long term?
Income Statement
Balance Sheet
Statement of Retained earnings
Cash Flow Statement
10
Which of these career fields will see a sharp increase in demand within the next few years?
Legal
Business and Financial operations
Construction and Extraction
Office and Administration
