ADM Summer 25-Quiz 1

Which of the following financial statements is NOT typically included in a set of General Purpose Financial Reports

• Statement of Cash Flows
• Income Statement
• Balance Sheet
• Statement of Budget Variance

What does "FTSE" stand for in the context of financial markets?

• Financial Tracking & Stock Exchange
• Firm Trading Securities Exchange
• Financial Times Stock Exchange
• Foreign Trade and Stock Enterprise

What is the meaning of "stock" in a share market table?

• The amount of shares traded during a specific period
• The name of the company whose shares are being traded
• The price at which a share is traded
• The value of the company's assets

What does "turnover" mean in a share market table?

• The number of shares traded during a specific period
• The total value of shares traded during a specific period
• The difference between the opening and closing prices of a share
• The total number of shareholders in a company

What does "p/e ratio" mean in a share market table?

• The ratio of the company's net income to the number of outstanding shares
• The ratio of the company's share price to its earnings
• The ratio of the company's debt to equity
• The ratio of the company's assets to liabilities

What is the significance of "52 weeks high and low" in a share market table?

• It indicates the highest and lowest prices at which a share has traded in the past year
• It indicates the highest and lowest number of shares traded in the past year
• It indicates the highest and lowest earnings of the company in the past year
• It indicates the highest and lowest dividends paid out by the company in the past year

What is the role of a management accountant in a business?

• Conducting independent audits of financial statements
• Providing tax planning and compliance advice
• Developing and implementing financial strategies to achieve business goals
• Analyzing and monitoring business costs

What is the purpose of an audit conducted by an auditor?

• To provide tax planning and compliance advice
• To develop financial strategies for the business
• To assess compliance with policies and procedures
• To analyze and monitor business costs

What is the main characteristic of a speculative share?

• Low potential for high returns
• High potential for high returns
• Low risk
• High liquidity

Which of the following financial alternatives is considered the riskiest?

• Speculative shares
• Dot.com company shares
• Fixed deposits
• Blue chip company shares