What is the main goal of financial planning?

Financial Planning Quiz

Quiz
•
Financial Education
•
University
•
Hard
tekmi lab2025
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Reducing company operational costs
Maximizing profit margins
Helping individuals manage their finances to achieve life goals
Increasing tax returns
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What are production costs?
Costs of finished goods
Costs involved in making products
Costs for selling goods
Costs of paying taxes
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does 'Cost of Goods Sold' (COGS) mean?
The total sales of a company
The cost of goods available for sale
The cost of producing goods that are sold
The profit made from selling goods
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Operational costs generally include all of the following EXCEPT...
Labor costs
Administrative expenses
Depreciation
Dividend payments
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is NOT included in the production cost?
Direct raw materials cost
Direct labor cost
Factory overhead cost
Selling price of goods
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does an income statement show?
The company’s profit or loss
The company’s assets
The total debts of the company
The amount of inventory
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What are 'short-term financial requirements' used for?
Buying land and buildings
Daily company expenses
Long-term investments
Paying taxes
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