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FIN2603 EXAM PACK 2023 FOR ANY QUERIES AND EXAM ASSISTANCE CONTACT: biwottcornelius@gmail.com
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FIN2603EXAM
PACK
2023
FOR ANY QUERIES AND EXAM ASSISTANCE
CONTACT: biwottcornelius@gmail.com
, The part of finance concerned with design and delivery of advice and financial products to
individuals, businesses and the government is called ...
A. managerial finance.
B. financial advice.
C. financial services.
D. financial planning.
Answer Key:C
Question 2 of 20
1.0 Points
What financial securities are likely to be traded on the JSE Limited?
A. Ordinary shares
B. Treasury bills
C. Commercial paper
D. Company bonds
, Answer Key:A
Question 3 of 20
1.0 Points
The primary goal of a publicly-owned firm interested in serving its shareholders should be to
...
A. minimise the debt used by the firm.
B. maximise the EPS.
C. maximise the share price.
D. maximise the expected net income.
Answer Key:B
Question 4 of 20
1.0 Points
Any organisation that is managed in accordance with business principles should be able to
ensure its survival because it will ...
A. maximise its revenue from sales and control its expenses.
B. plan its cash inflows and outflows by means of a cash budget.
,
C. keep its cost of financing as low as possible.
D. undertake all the above-mentioned financial measures.
Answer Key:D
Question 5 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
Part 2 of 3 - Section 2 10.0 Points
Question 6 of 20
1.0 Points
A firm’s cash inflow becomes more predictable as the ...
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