8/13/23, 9:49 PM Assessment 1: Attempt review
Started on Sunday, 13 August 2023, 9:26 PM
State Finished
Completed on Sunday, 13 August 2023, 9:49 PM
Time taken 22 mins 44 secs
Question 1
Complete
Marked out of 1.00
Finance can be defined as the ...
Select one:
a. science of the production, distribution and consumption of wealth.
b. art of merchandising products and services.
c. system of debits and credits.
d. art and science of managing money.
Question 2
Complete
Marked out of 1.00
Any organisation that is managed in accordance with business principles should be able to ensure its survival
because it will ...
Select one:
a. plan its cash inflows and outflows by means of a cash budget.
b. maximise its revenue from sales and control its expenses.
c. keep its cost of financing as low as possible.
d. undertake all the above-mentioned financial measures.
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,8/13/23, 9:49 PM Assessment 1: Attempt review
Question 3
Complete
Marked out of 1.00
During periods where the consumer price index (CPI) is expected to decrease, a retail firm will have to ...
Select one:
a. apply credit standards more strictly due to declining interest rates, increase in sales, but a slowdown
of cash inflow.
b. budget more conservatively as a result of rising interest rates, a decline in sales and an increase in bad
debts.
c. expand due to declining interest rates, an increase in sales and improved feasibility of investment
opportunities.
d. relax credit standards due to a decline in sales, a decrease in bad debts and a slowdown of cash
outflow.
Question 4
Complete
Marked out of 1.00
If the company's managers are NOT owners of the company, they are ...
Select one:
a. traders.
b. outsiders.
c. agents.
d. dealers.
Question 5
Complete
Marked out of 1.00
The primary short-term financial goal of the firm may be best achieved by ...
Select one:
a. increasing expenses in order to reduce the firm’s tax liability.
b. accelerating cash inflows and delaying cash outflows.
c. maximising revenue and minimising expenses.
d. minimising the cost of capital and maximising the internal rate of return (IRR).
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,8/13/23, 9:49 PM Assessment 1: Attempt review
Question 6
Complete
Marked out of 1.00
What is the main function of a financial manager?
Select one:
a. To earn returns greater than those of the competitors.
b. To ensure liquidity and solvency.
c. To increase the value of ordinary shares.
d. To prevent bad debts.
Question 7
Complete
Marked out of 1.00
Who is/are the true owner(s) of an organisation?
Select one:
a. The creditors.
b. The board of directors.
c. The chief executive officer.
d. The shareholders.
Question 8
Complete
Marked out of 1.00
A current ratio of 4,5:1 may indicate the firm has too much ...
Select one:
a. inventory.
b. All of the above.
c. accounts receivable.
d. cash.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=12160628&cmid=623265 3/7
, 8/13/23, 9:49 PM Assessment 1: Attempt review
Question 9
Complete
Marked out of 1.00
A firm can best improve its ROE by increasing its ...
Select one:
a. net profit and using assets needed for core business only.
b. sales and decreasing expenditure.
c. cash sales and decreasing liabilities.
d. profitability, asset turnover and financial leverage.
Question 10
Complete
Marked out of 1.00
If accounts receivable increase by R100, inventory increases by R200 and accounts payable increase by R400,
net working capital would ...
Select one:
a. increase by R300.
b. increase by R100.
c. decrease by R100.
d. decrease by R300.
Question 11
Complete
Marked out of 1.00
The best way in which a firm may improve its profitability without incurring additional expenses, would
involve ...
Select one:
a. increasing sales by means of improved marketing.
b. selling all its non-core assets.
c. reducing expenditure on non-core business activities.
d. employing fewer permanent staff and using contract workers during peak periods.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=12160628&cmid=623265 4/7
Started on Sunday, 13 August 2023, 9:26 PM
State Finished
Completed on Sunday, 13 August 2023, 9:49 PM
Time taken 22 mins 44 secs
Question 1
Complete
Marked out of 1.00
Finance can be defined as the ...
Select one:
a. science of the production, distribution and consumption of wealth.
b. art of merchandising products and services.
c. system of debits and credits.
d. art and science of managing money.
Question 2
Complete
Marked out of 1.00
Any organisation that is managed in accordance with business principles should be able to ensure its survival
because it will ...
Select one:
a. plan its cash inflows and outflows by means of a cash budget.
b. maximise its revenue from sales and control its expenses.
c. keep its cost of financing as low as possible.
d. undertake all the above-mentioned financial measures.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=12160628&cmid=623265 1/7
,8/13/23, 9:49 PM Assessment 1: Attempt review
Question 3
Complete
Marked out of 1.00
During periods where the consumer price index (CPI) is expected to decrease, a retail firm will have to ...
Select one:
a. apply credit standards more strictly due to declining interest rates, increase in sales, but a slowdown
of cash inflow.
b. budget more conservatively as a result of rising interest rates, a decline in sales and an increase in bad
debts.
c. expand due to declining interest rates, an increase in sales and improved feasibility of investment
opportunities.
d. relax credit standards due to a decline in sales, a decrease in bad debts and a slowdown of cash
outflow.
Question 4
Complete
Marked out of 1.00
If the company's managers are NOT owners of the company, they are ...
Select one:
a. traders.
b. outsiders.
c. agents.
d. dealers.
Question 5
Complete
Marked out of 1.00
The primary short-term financial goal of the firm may be best achieved by ...
Select one:
a. increasing expenses in order to reduce the firm’s tax liability.
b. accelerating cash inflows and delaying cash outflows.
c. maximising revenue and minimising expenses.
d. minimising the cost of capital and maximising the internal rate of return (IRR).
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=12160628&cmid=623265 2/7
,8/13/23, 9:49 PM Assessment 1: Attempt review
Question 6
Complete
Marked out of 1.00
What is the main function of a financial manager?
Select one:
a. To earn returns greater than those of the competitors.
b. To ensure liquidity and solvency.
c. To increase the value of ordinary shares.
d. To prevent bad debts.
Question 7
Complete
Marked out of 1.00
Who is/are the true owner(s) of an organisation?
Select one:
a. The creditors.
b. The board of directors.
c. The chief executive officer.
d. The shareholders.
Question 8
Complete
Marked out of 1.00
A current ratio of 4,5:1 may indicate the firm has too much ...
Select one:
a. inventory.
b. All of the above.
c. accounts receivable.
d. cash.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=12160628&cmid=623265 3/7
, 8/13/23, 9:49 PM Assessment 1: Attempt review
Question 9
Complete
Marked out of 1.00
A firm can best improve its ROE by increasing its ...
Select one:
a. net profit and using assets needed for core business only.
b. sales and decreasing expenditure.
c. cash sales and decreasing liabilities.
d. profitability, asset turnover and financial leverage.
Question 10
Complete
Marked out of 1.00
If accounts receivable increase by R100, inventory increases by R200 and accounts payable increase by R400,
net working capital would ...
Select one:
a. increase by R300.
b. increase by R100.
c. decrease by R100.
d. decrease by R300.
Question 11
Complete
Marked out of 1.00
The best way in which a firm may improve its profitability without incurring additional expenses, would
involve ...
Select one:
a. increasing sales by means of improved marketing.
b. selling all its non-core assets.
c. reducing expenditure on non-core business activities.
d. employing fewer permanent staff and using contract workers during peak periods.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=12160628&cmid=623265 4/7
