Financial Management refers to the planning, monitoring, organising & controlling of the monetary resources of a business.
10 FBU- Financial Management Quiz 1

Quiz
•
Business
•
10th Grade
•
Medium

Annette Melgar
Used 49+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best describes the term asset?
Amounts a business owes
Amounts owned to the business by an external party
Something that a business owns that lasts more than 1 year
An item of value owned by a business
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a liability?
Cash at bank
Rent (to pay)
Bank loan
Accounts receivable
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Revenue is described as money...
Leaving an business's account
coming into business
owed by the business to suppliers
None of the above
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT an example of an business expense
Car loan
Staff Wages
Electricity Bill
Rent paid
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Owner's Equity determines
how many suppliers are owed money
the outstanding debt a business has
the total value (worth) of the business
how much money the business has in the bank
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A balance sheet contains which of the following three accounts:
assets, revenues, liabilities
assets, liabilities, owner's equity
revenue, expenses, owner's equity
expenses, assets, revenue
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