FIN2603 LATEST EXAM PACK 2025(Finance for Non Financial Managers)

FIN2603 LATEST EXAM
PACK 2025


QUESTIONS AND
ANSWERS
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Question 2 of 21
1.0 Points
Which stakeholders have the first claim on assets when a organisation enters bankruptcy?





A. Creditors




B. Top management




C. Debtors




D. Shareholders



Answer Key:A
Question 3 of 21
1.0 Points
The long-term financial goal of the firm may be achieved by ...





A. maximising revenue and minimising expenses.




B. minimising the cost of capital and maximising the internal rate of return (IRR).




C. maximising the assets relative to the liabilities.

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

D. accelerating cash inflows.



Answer Key:B
Question 4 of 21
1.0 Points
What is the main function of a financial manager?





A. To prevent bad debts.




B. To ensure liquidity and solvency.




C. To increase the value of ordinary shares.




D. To earn returns greater than those of the competitors.



Answer Key:C
Part 3 of 5 - Section 2 10.0 Points

Question 5 of 21
1.0 Points
The statement of comprehensive income measures ... and it is also known as ...





A. revenue and gross profit; earnings-after-tax trial balance.

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

B. gross profit, earnings before income and tax (EBIT) and net profit;Statement of
financial performance.




C. cost of goods sold and operating expenses; balance sheet.




D. sales, EBIT and earnings-after-tax; cash flow statement.



Answer Key:B
Question 6 of 21
1.0 Points
B and C Limited extend credit terms of 43 days to its customers. Its credit collection would
likely be considered poor if its average collection period was ...





A. 30 days.




B. 36 days.




C. 43 days.




D. 45 days.



Answer Key:D