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