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Financial role & influence Flashcards | StudBud
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Financial role & influence
Financial role & influence
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StudBud Administration
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Basic financial quiz for commerce and seniors
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
The largest provider of funds and financial services to business in Australia are ______ ?
The Government
The Banks
My Cousins
The Taxpayers
2
When a business sells on accounts receivable at a discount for cash, this is called _____ ?
Fracturing
We take thumbs
Factorying
Factoring
3
ASIC stands for...
Aust. Securities and Income Commission
Aust. Stock and Investment Club
Aust. Securities and Investments Commission
Aust. Stock and Income Company
4
An overdraft is an example of what source of funds for business?
External, long-term
External, short-term
Internal, short-term
Internal, long-term
5
A business may fail due to...
Too much cash flow
Sufficient capital
Spending cash flow on expenses
Problems with Cash Flow
6
An international spot contract means that payment wil be made at what exchange rate?
Fixed at the point of negotiations
As set by both governments
As set by both companies
The current rate at the time of transaction
7
In terms of finance, Australia is a ______________________?
World Leader
Protected Nation
Capital-importer
Capital-exporter
8
The cost of borrowing funds by business is the ________________?
Gearing Ratio
Interest Rate
Inflation Rate
Cost of expenses ratio
9
The two sources of internal funds for a business are retained profits and ____________________?
Out the back
Owner's Equity
Liquidity
Petty Cash
10
Which response is not a key financial objective?
Profitability
Liquidity
Growth
Transferability
