ABM 004_Business Finance Quiz

Which of the following provides road maps for guiding, coordinating, and controlling the firm’s actions to achieve its objectives?

• Organizing

• Managing

• Planning

• Preparing

Which of the following is an integrated strategy that takes into account various departments such as sales, production, marketing, and operations for the purpose of guiding these departments towards strategic goals?

• Short term financial plans

• Long term financial plans

• Vision Statement

• Mission Statement

More participation from top management. What does the statement refer to?

• Strategic Planning

• Planning Process

• Long-Term Planning

• Short-Term Planning

Top management is still involved but more participation from lower-level managers inputs is crucial at this stage since they are who implement these plans. What does the statement refer to?

• Strategic Planning

• Planning Process

• Long-Term Planning

• Short-Term Planning

Which of the following is classified as a current asset?

• Land

• Equipment

• Inventory

• Building

Which of the following planning process can be seen the company’s vision and mission statement?

• Identify resources

• Set goals or objectives

• Determine contingency plans

• Identify goal-related tasks

ABC Corp. has an account receivable of P 500,000 due within 30 days. How should this be classified?

• Current liability

• Non-current asset

• Current asset

• Owner's equity

In the financial planning process, what step is the preparation of the projected financial statements?

• Step 1

• Step 2

• Step 3

• Step 4

In the financial planning process, what step is the review and evaluation of the projected financial plan?

• Step 1

• Step 2

• Step 3

• Step 4

Which of the following is considered a non-current asset?

• Cash

• Prepaid insurance

• Office furniture

• Accounts payable