
Business Financial Management Quiz

Quiz
•
Business
•
12th Grade
•
Easy
Elke Raftery
Used 1+ times
FREE Resource
93 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the material, what is considered the most difficult time for any new business?
The first year
The fifth year
The tenth year
The last year
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the approximate number of businesses that filed for bankruptcy in the 2014–2015 financial year, as mentioned in the material?
5000
1000
200
10,000
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is good financial management important for a business, according to the material?
It helps a business succeed and avoid bankruptcy.
It increases the number of employees.
It guarantees immediate profit.
It eliminates all competition.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Based on the information provided, what role does a financial manager play in a business?
Oversees good financial management
Hires new employees
Designs marketing campaigns
Manufactures products
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a business fails to have good financial management in its first year, what is a likely consequence based on the material?
Filing for bankruptcy
Expanding internationally
Winning industry awards
Increasing product prices
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary role of a financial manager in a business?
To ensure that a business has enough funds to meet their short and long-term goals and objectives.
To manage the marketing strategies of the business.
To oversee the production process in the company.
To handle only the day-to-day cash transactions.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important for a financial manager to ensure a business has enough funds?
So the business can meet its short and long-term goals and objectives.
So the business can hire more employees.
So the business can increase its advertising budget.
So the business can reduce its product prices.
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