BFN715 TMA

Q1 Money market trades in short-term financial instruments commonly called ?��?��?��?��?.
paper
coins
gold
silver

Q2 Capital market operates in ?��?��?��?��?��? segments.
five
ten
eight
two

Q3 Capital markets refer to financial markets that facilitate the buying and selling of ?��?��?��?… debt and equity-backed securities.
medium-term
short-term
long-term
finance

Q4 The ?��?��?��?��?��?. loan is a short-term loan which is normally obtained by a firm to finance its day-to-day operations.
working capital
operations
bank credit
micro-finance

Q5 The ?��?��?��?��?��?��?… loans are credit facilities which are normally granted for the purchase or construction of building structures.
top estate
real estate
property
mortgage

Q6 Loan facility that is granted by the commercial banks for a period of more than one year is called?��?��?��?��?��?.
soft loan
main loan
medium loan
term loan

Q7 Venture capital is financial capital that is provided to early-stage, high-potential, ?��?��?��?. and growth startup companies.
lower risk
medium risk
high risk
risk averser

Q8 Van Horne ?��?��?��?.. define a lease as a means of which a firm acquires the economic use of an asset for a stated period of time.
1986
2008
2015
1975

Q9 Residuals theory of dividends is disseminated in ?��?��?��?��?��?. steps.
six
three
eight
four

Q10 There are ?��?��?��?��?��?��?… Important theories that are related to the dividend irrelevance approach.
twelve
thrteen
four
two

Q11 CSS theory shows that for some companies share repurchases lead to a reduction in ?��?��?��?��?��?….
ADP
EPS
STE
NMF

Q12 Modigliani and ?��?��?��?. school of thought believes that investors do not state any preference between current dividends and capital gains.
Smith
Williams
Miller
Richard

Q13 CSS describes the relationship between earnings, ?��?��?��?��?… and capital structure of public companies.
stock holder
shareholder
broker
stock price

Q14 The market prices of the share is calculated as ?��?��?��?��?��?
P = E(1-b)/ke-br
km = E(1-b)/ke-br
T = E(1-b)/ke-br
S = S(1-b)/ke-br

Q15 Myron ?��?��?��?��?… supported dividend relevance and believes in regular dividends affecting the share price of the firm.
Gordon
Carey
Tailor
Smith

Q16 Dividends paid to the shareholders are reinvested by the ?��?��?��?��?��?��?��?
exchange
security
shareholder
dividend

Q17 Relevance of dividend policy and its bearing on the value of the share. has been formulated by ?��?��?��? model.
charles
walter’s
george
desmond

Q18 Financial policies regarding paying cash dividend in the present or paying an increased dividend at a later stage is ?��?��?��?��?��?..
dividend policy
ratio
earnings
cash

Q19 Operating leverage is the degree to which ?��?��?��?��?��?. costs are used in operations of a firm.
margin
capital
output
fixed

Q20 Leverage exist in operational advantage in relation to the use of funds particularly the ?��?��?��?��?.. capital.
deposit
profit
loan
cost

Q21 ?��?��?��?��?��?… leverage arises from the fixed costs associated with the production of goods.
financial
operating
standard
optimum

Q22 The are ?��?��?��?��?… types of leverage
seven
four
two
ten

Q23 The difference between sales in excess of the breakeven sales and the variable costs represents the firm??s ?��?��?��?��?
purchase
maket
loss
profit

Q24 According to ?��?��?��?��?��?. Pro forma statements are essentially projected financial statements.
okeji
williams
peter
chuks

Q25 Accuracy of the pro forma or projected statements depends on the sales by Van Horne ?��?��?��?��?��?..
2005
2017
1986
1975

Q26 What is the present value of a N1,000 bond held till perpetuity at a coupon rate of 10%?
N11,670
N10,000
N20,600
N18,000

Q27 The loan ?��?��?��?. process involves finding the future payments over the term of the loan.
principal
compound
interest
amortisation

Q28 If you deposit N100 annually in a savings account paying 4% interest, what will you have at the end of year 3?
N321.40
N6,621.90
N3,121.60
N8,228.76

Q29 Determine the amount you will have at the end of 3 months. If you deposit N600 at 12% interest compounded quarterly?
N618
N945
N711
N1135

Q30 The term principal refers to the amount of money on which ?��?��?��?��?… is paid.
compound
interest
fixed
annual

Q31 The formula for annual compounding is given as ?��?��?��?��?��?��?.
PV = Pv (1 + r)n
NPV = Pv (1 + r)n
FV = Pv (1 + r)n
FV = Fv (1 + r)t

Q32 Osaze and ?��?��?��?��?… define cash budget as an important tool for liquidity planning.
steve
john
peter
Anao

Q33 Capital formation has many sources, internal and ?��?��?��?��?��?.. in relation to any economy.
ordinal
ratio
external
supply

Q34 Capital owned by the whole nation is called ?��?��?��?��?��?��?��?��?
national capital
capital ratio
asset
pivate capital

Q35 Money capital also known as ?��?��?��?��?��?.. Capital.
ratio
liquid
investment
payment

Q36 Deficit financing is regarded as an important source of capital ?��?��?��?��?��?��?….
surplus
demand
resources
formation

Q37 The two main sources of voluntary savings include?��?��?��?��?��?. and business sector.
external
distribution
households
facilities

Q38 Capital formation refers to the process of building up the capital ?��?��?��?��?��?��? of a country.
market
stock
plant
resources

Q39 Capital also means ?��?��?��?��?��?.. of money in business.
supply
goods
purchase
investment

Q40 Capital is related to productive resources such as ?��?��?��??, money and income.
wealth
expenditure
supply
demand

Q41 The anticipated rate of return on a share acquired in the market consists of ?��?��?��?��?��?. components.
six
ten
four
two

Q42 The primary financial objective is to maximize the return to equity?��?��?��?��?��?��?….
debtors
management
shareholders
growth

Q43 The ?��?��?��?… is the cost to the company of providing equity holders with the return they require on their investment.
cost of equity
cost of bonds
debentures
valuation

Q44 Common stock is the most basic of all the three major types of long-term financing debt, preferred stock, and ?��?��?��?. stock.
bond
common
debt
budget

Q45 Dividend payments to preferred stockholders come from the firm??s?��?��?��?��?. earnings
before-tax
bond-tax
firms-tax
after-tax

Q46 The ?��?��?��?��?.. on a preferred stock is similar to the coupon payment of a corporate bond.
stock
exchange
dividend
bond

Q47 The seasonal working capital could be classified into ?��?��?��?��?.. and contigency working capital.
special
seasonal
permanent
policies

Q48 ?��?��?��?��?��? terms refer to the determination of the collection period and measures which could be used to induce early payment
credit
standard
discount
period

Q49 Stringent credit policy is adopted the ?��?��?��?… cash sales.
minimize
maximize
payments
forms

Q50 Credit policy can be classified into ?��?��?��?… extreme categories
two
five
three
seven

Q51 Working capital accounts are current ?��?��?��?��?. and current liabilities.
liabilities
capital
assets
balance

Q52 Working capital management refers to the management of current or short-term assets and?��?��?��?��?.-term liabilities.
middle
medium
long
short

Q53 Working capital can be view from ?��?��?��?��?��?. perspectives.
seven
ten
nine
two

Q54 Working capital refers to all short-term or?��?��?��?��?��? assets used in the course of a firm??s daily operations.
fixed
current
gross
liability

Q55 Monitoring and ?��?��?��?��?… financial performance is critical in the life of a firm.
evaluating
objectives
planning
record

Q56 Financial control is a process in which a firm periodically compares its actual ?��?��?��?��?.., costs and expenses with its budget.
fixed
allocation
revenues
flexible

Q57 The ?��?��?��?��?��?��?. budget ties together all the other budgets of the firm, and summarizes the business?? proposed financial activities.
flexible
master
cash
zero

Q58 A ?��?��?��?��?.. budget estimates a firm??s projected cash inflows and outflows that the firm can use to plan for any cash shortages or surpluses.
fixed
manual
capital
cash

Q59 A ?��?��?��?��?…budget highlights a firm??s spending plans for major asset purchases that often require large sums of money.
capital
cash
master
zero

Q60 ?��?��?��?��?��?��?.refers to the financial plan that sets forth management??s expectations for revenues.
planning
projection
budget
forecast

Q61 A short-term forecast predicts revenues, costs and ?��?��?��?��?��?��?. for a period not exceeding one year.
expenses
debt
supply
needs

Q62 ?��?��?��?��?��?… management refers to the process of using a company’s resources in the most efficient way.
manpower
resource
scheduling
business

Q63 ?��?��?��?��?��?.is incurred whenever goods are purchased by the business.
demand
credits
expenditure
supply

Q64 Right issue involves the issue of securities on cash basis to only the existing ?��?��?��?��?��?��?��?..
securities
issue
resources
shareholders

Q65 Three types of leases are operating lease, ?��?��?��?��?��?��?��?.lease, sale and lease back.
short-term
financial
medium
long-term

Q66 Debenture stocks or corporate bonds are normally issued under a ?��?��?��?��?��?. seal.
firm�??s
asset
stock
insurance

Q67 Preference shares could be ?��?��?��?��?��?��?. or irredeemable.
movable
residual
redeemable
profit

Q68 Two major external sources of long-term funds are financial institutions and ?��?��?��?��?��?. market.
stock
common
firms
capital

Q69 Account payable can be referred to as ?��?��?��?��?…credit.
overdraft
trade
finance
tax

Q70 Sources of funds available to financial managers can be divided into ?��?��?��?��?��?.. broad areas.
two
ten
seven
five

Q71 ?��?��?��?��?��?.. managers use finance to assess the cost effectiveness of doing follow-up marketing surveys.
operational
director
marketing
chairman

Q72 The role of financial management in a simplified form is the synchronisation of receipts and ?��?��?��?��?.. flows.
financial
planning
balance
payments

Q73 Financial management is influenced by its ?��?��?��?��?
objectives
resources
purpose
control

Q74 Gitman defines finance as the art and ?��?��?��?��?… of managing money.
art
science
payment
finance

Q75 ?��?��?��?��?��?.. finance relates to the financing decisions and practices of the entire economy.
micro
macro
business
principles

Q76 Finance can be classified into ?��?��?��?��?. broad categories
thirteen
seven
ten
two

Q77 Finance pervades all disciplines and all facets of human, ?��?��?��?.. and social activities.
natural
position
economic
markets

Q78 Christy and ?��?��?��?��?��?.. tried to narrow the definition of finance by defining it as the study of the nature and use of the means of payment.
roden
thomas
george
jeff

Q79 Encyclopaedia of Banking and Finance has however given a broader definition of finance into ?��?��?. categories.
ten
twelve
three
fifteen

Q80 The field of finance is broad and ?��?��?��?��?��?��?
precise
wide
complex
dynamic

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