Examen
Mock Exam FIF1
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FIF1 - Mock Exam IBS
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Chapter 1 The role of managerial finance1. Managerial finance
A) involves tasks such as budgeting, financial forecasting, cash management, and funds procurement.
B) involves the design and delivery of advice and financial products.
C) recognizes funds on an accrual basis.
D) devotes the majority of its attention to the collection and presentation of financial data.
Answer: A
Topic: Managerial Finance Functions
Question Status: Revised
AACSB Guidelines: Analytic skills
2. Which of the following legal forms of organization is characterized by limited liability?
A) Sole proprietorship.
B) Partnership.
C) Corporation.
D) Professional partnership.
Answer: C
Topic: Legal Form of Organization
Question Status: Revised
Chapter 3 Ratio Analysis
3. A firm had the following accounts and financial data for 2005.
The firm's earnings available to common shareholders for 2005 were
A) -$224.25
B) $195.40
C) $302.40
D) $516.60
Answer: C
Topic: Income Statement
Question Status: Revised
AACSB Guidelines: Analytic skills
4. A firm had the following accounts and financial data for 2005:
The firm's earnings per share, rounded to the nearest cent, for 2005 was ________.
A) $0.5335
B) $0.5125
C) $0.3204
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