Chapter 8: Assessing a New Venture's Financial Strength and Viability (L8)

Chapter 8: Assessing a New Venture's Financial Strength and Viability (L8)

University

9 Qs

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Chapter 8: Assessing a New Venture's Financial Strength and Viability (L8)

Chapter 8: Assessing a New Venture's Financial Strength and Viability (L8)

Assessment

Quiz

Other

University

Medium

Created by

Shehnaz tehseen

Used 37+ times

FREE Resource

9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

1) The four main financial objectives of a firm are ________.

A) efficiency, effectiveness, strength, and flexibility

B) power, success, efficiency, and effectiveness

C) control, effectiveness, liquidity, and power

D) success, strength, liquidity, and profitability

E) profitability, liquidity, efficiency, and stability

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

2) Match the financial objective with its correct definition.

A) Stability — the overall health of the financial structure of the firm, particularly as it relates to its debt-to-equity ratio

B) Profitability — how productively a firm utilizes its assets

C) Liquidity — a company's ability to make a profit

D) Efficiency — a company's ability to meet its short-term obligations

E) Profitability — the overall health of the financial structure of the firm, particularly as it relates to its debt-to-equity ratio

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

3) ________ is a company's ability to meet its short-term financial obligations.

A) Liquidity

B) Profitability

C) Effectiveness

D) Stability

E) Efficiency

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

4) A company's ability to productively utilize its assets relative to its revenue and its profits is referred to as ________.

A) efficiency

B) effectiveness

C) stability

D) liquidity

E) profitability

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

5) Money owed to a company by its customers is referred to as ________.

A) accounts obtainable

B) accounts payable

C) accounts receivable

D) inventory

E) accounts collectable

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

6) Susan Howard owns a seafood restaurant in Naples, Florida. She is currently owed $21,000 by a corporation that she catered a series of meetings for and $3,000 on an overdue account. Amanda has $24,000 in ________.

A) accounts receivable

B) inventory

C) accounts collectable

D) accounts obtainable

E) accounts payable

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

7) The strength and vigor of a firm's overall financial posture is referred to as ________.

A) liquidity

B) effectiveness

C) stability

D) profitability

E) efficiency

8.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

8) A financial statement is a(n) ________.

A) set of ratios which depict relationships between a firm's financial items

B) estimate of a firm's future income and expenses

C) hybrid statement of cash flows

D) itemized forecast of a company's income, expenses, and capital needs

E) written report that quantitatively describes a firm's financial health

9.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

9) ________ are an estimate of a firm's future income and expenses, based on its past performance, its current circumstances, and its future plans.

A) Calculation statements

B) Forecasts

C) Statements of cash flow

D) Financial statements

E) Prediction statements