FIN2603 Exam
Pack 2022.
100% Verified Q
And A.
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. finan...
,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 ...
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Excellentstudyresources001. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R55,98. You're not tied to anything after your purchase.