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FIN2603 EXAM PACK 2023 FOR ANY QUERIES & EXAM ASSISTANCE CONTACT: biwottcornelius@gmail.com
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FIN2603EXAM
PACK
2023
FOR ANY QUERIES & EXAM ASSISTANCE
CONTACT: biwottcornelius@gmail.com
, lOMoARcPSD|13828993
0.0
Points
art 1 of 3 - Section 1 5.0 Points
Question 1 of 20
1.0 Points
Which of the following is not a responsibility of the treasurer of an organisation?
A. Raising the necessary funds for the organisation in order to be sustainable
and grow.
B. Doing the tax payments for the organisation.
C. Conducting and executing capital budgeting activities.
D. Formulating and the credit policy of the organisation.
Answer Key:B
Question 2 of 20
1.0 Points
If the company's managers are NOT owners of the company, they are ...
A. outsiders.
B. traders.
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, lOMoARcPSD|13828993
C. dealers.
D. agents.
Answer Key:D
Question 3 of 20
1.0 Points
The primary short-term financial goal of the firm may be best achieved by ...
A. maximising revenue and minimising expenses.
B. minimising the cost of capital and maximising the internal rate of return
(IRR).
C. increasing expenses in order to reduce the firm’s tax liability.
D. accelerating cash inflows and delaying cash outflows.
Answer Key:A
Question 4 of 20
1.0 Points
During periods where the consumer price index (CPI) is expected to decrease, a retail
firm will have to ...
A. relax credit standards due to a decline in sales, a decrease in bad debts
and a slowdown of cash outflow.
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, lOMoARcPSD|13828993
B. expand due to declining interest rates, an increase in sales and improved
feasibility of investment opportunities.
C. apply credit standards more strictly due to declining interest rates,
increase in sales, but a slowdown of cash inflow.
D. budget more conservatively as a result of rising interest rates, a decline in
sales and an increase in bad debts.
Answer Key:B
Question 5 of 20
1.0 Points
Which stakeholders have the first claim on assets when a organisation enters
bankruptcy?
A. Creditors
B. Top management
C. Debtors
D. Shareholders
Answer Key:A
Part 2 of 3 - Section 2 10.0 Points
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