Examen
FIN2603-23-S2 Assessment 1
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FIN2603-23-S2 Assessment 1
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1. UNISA2. 2023
3. FIN2603-23-S2
4. Welcome Message
5. Assessment 1
QUIZ
Assessment 1
Open course index
Open block drawer
Started on Saturday, 12 August 2023, 9:06 PM
State Finished
Completed on Saturday, 12 August 2023, 9:14 PM
Time taken 7 mins 21 secs
Question 1
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Question text
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 2
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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.
Question 3
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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 4
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If the company's managers are NOT owners of the company, they are ...
Select one:
a.
traders.
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