Help with FINANCIAL MANAGEMENT class, business and finance homework help

Help with 22 multiple choice questions

1. Day-to-day cash management is one of the fundamental concepts that a nonfinancial manager should understand in order to:

a. better assess future financing requirements.

b. better understand the role of capital markets in raising long-term funds.

c. better assess the current environment in which the firm operates.

d. better measure and create value for the shareholders.

2.The cash flow cycle ________.

a. describes the flow of cash through a company

b. illustrates that profits and cash flows are the same

c. reminds a financial manager that profits are important

d. focuses on financing activities only

3.Raising new capital through the sale of common equity is an example of which cash-related activity in the cash flow cycle?

a. operating activity

b. profitability activity

c. investing activity

d. financing activity

4.The main duties of financial managers are ________.

a. assessing the current business situation and future financing needs

b. developing long-term financing strategies

c. assessing future investments

d. all of the above

5.The true owners of the corporation are the ________.

a. holders of debt issues of the firm

b. board of directors of the firm

c. creditors

d. common stockholders

6.Which of the following factors enable a public corporation to grow to a greater extent, and perhaps at a faster rate, than a partnership or proprietorship?

a. access to the capital markets

b. unlimited liability of the shareholders

c. limited life

d. elimination of double taxation corporate income

7.Which of the following factors enable a public corporation to grow to a greater extent, and perhaps at a faster rate, than a partnership or proprietorship?

a. access to the capital markets

b. unlimited liability of the shareholders

c. limited life

d. elimination of double taxation corporate income

8.The ________ measure a firm’s performance over a specified period of time whereas a ________ provides a snapshot of the firm as of a specific date.

a. income and balance sheets; cash flow statement

b. balance sheet and cash flow statement; income statement

c. income and cash flow statements; balance sheet

d. none of the choices are correct

9.A comprehensive nonfinancial size-up is ________. a.

a critical component in analyzing the firm’s strengths and weaknesses

b. critical in understanding the firm’s historical position

c. critical in anticipating future financing needs

d. all of the above

10.The two key external factors that impact the firm’s cash flows are ________.

a. the overall economy and future financing needs

b. the overall economy and the nature and structure of the industry

c. the level of interest rates and working capital requirements

d. working capital requirements and growth projections

11.The financial management framework focuses on which three areas of decision-making?

a. operating, investing, and profitability

b. profitability, financing, and investing

c. investing, financing, and operating

d. operating, financing, and profitability

12.The overall goal in sizing-up each of the external and internal factors is to ________.

a. determine the competitive position of the firm relative to its competitors

b. increase the value of the enterprise

c. assess the company’s strengths and weaknesses

d. make better investment decisions

13.Which of the following is NOT a component of GDP?

a. consumer sector

b. business investment sector

c. government sector

d. healthcare sector

14.If the firm’s management is assessing the economics of their business model, they are engaged in which of the four areas of human resources management?

a. business intelligence

b. strategic intelligence

c. organizational intelligence

d. people intelligence

15.Other factors to consider in the management analysis include ________.

a. the size and current growth stage of the firm

b. the leadership skills of the management team

c. the commitment and loyalty of the management team

d. all of the above

16.There are a number of key management attributes that are required to improve a firm’s chances of business success which include ________.

a. managers with expertise and technical knowledge in the functional areas

b. middle managers with leadership potential

c. managers with experience in the industry in which the firm operates

d. all of the above

17. A firm is evaluating the best means to have a positive impact on potential buyers. Which one of the four P’s is the firm addressing?

a. product

b. price

c. place

d. promotion

18. A PEST analysis involves an analysis of which of these factors?

a. technological, societal, economic factors, and potential threats

b. societal, technological, political, and economic factors

c. strengths, threats, economic and political factors

d. strengths, threats, potential opportunities, and external environment factors

19.Which of the following is NOT considered to be one of Michael Porter’s Five Forces?

a. threat of new entrants

b. bargaining power of suppliers

c. threat of substitute products or services

d. diminished rivalry among current competitors

20.Which of the following is the least liquid current asset?

a. accruals

b. accounts receivable

c. marketable securities

d. inventory

21.Which of the following best represents operating income?

a. income after financing activities

b. earnings before interest and taxes

c. income from capital gains

d. income from discontinued operations

22. A consolidated balance sheet refers to:

a. balance sheet of a large firm that has numerous subsidiaries, each with its own balance sheet that have been combining into one all-encompassing balance sheet.

b.balance sheet of a large firm that has combined the balance sheets fo all wholly owned and some partially owned subsidiaries into one separate balance sheet.

c. balance sheet of a large firm that has combined the balance sheet of all partially owned subsidiaries into one separate balance sheet.

d. all of the above

23.Which of the basic financial statements is best used to answer the question, “How profitable is the business?”

a. balance sheet

b. income statement

c. statement of shareholders’ equity

d. accounts receivable aging

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