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Fin2603 Assignment 1 semester 1 2024
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3/9/24, 2:20 PM Assessment 1: Attempt reviewFIN2603-24-S1 Welcome Message Assessment 1
QUIZ
Started on Saturday, 9 March
2024, 1:41 PM
State Finished
Completed on Saturday, 9 March
2024, 2:20 PM
Time taken 38 mins 44 secs
Question 1
Complete
Marked out of 1.00
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Any organisation that is managed in
accordance with business principles
should be able to ensure its survival
because it will ...
Select one:
a. plan its cash inflows and
outflows by means of a cash
budget.
b. maximise its revenue from sales
and control its expenses.
c. keep its cost of financing as low
as possible.
d. undertake all the above-
mentioned financial measures.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=15417368&cmid=844692 1/9
, 3/9/24, 2:20 PM Assessment 1: Attempt review
Question 2
Complete
Marked out of 1.00
During periods where the consumer price
index (CPI) is expected to decrease, a
retail firm will have to ...
Select one:
a. apply credit standards more
strictly due to declining interest
rates, increase in sales, but a
slowdown of cash inflow.
b. budget more conservatively as a
result of rising interest rates, a
decline in sales and an increase
in bad debts.
c. expand due to declining interest
rates, an increase in sales and
improved feasibility of
investment opportunities.
d. relax credit standards due to a
decline in sales, a decrease in
bad debts and a slowdown of
cash outflow.
Question 3
Complete
Marked out of 1.00
Finance can be defined as the ...
Select one:
a. science of the production,
distribution and consumption of
wealth.
b. art of merchandising products
and services.
c. system of debits and credits.
d. art and science of managing
money.
Question 4
Complete
Marked out of 1.00
If the company's managers are NOT
owners of the company, they are ...
Select one:
a. traders.
b. outsiders.
c. agents.
d. dealers.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=15417368&cmid=844692 2/9
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