BFN209
The provision of money at the time it is required is
Answer: finance
The short-term liabilities of a firm includes all of the following except
Answer: lendings
allows for dividend payment to be
deferred if a firm does not make adequate profit to pay such dividend.
Answer: cumulative preference shares
Shareholders that receive dividend at a fixed rate and enjoy priority over ordinary shareholders are
Answer: preference shareholders
shows the present statement of a
business and the financial condition of an accounting entity as at a particular point in time.
Answer: balance sheet
A market is a market that promises
future benefits in the form of cash payments
Answer: retail market
Cash management is concerned with the managing of the following except
Answer: all of the above
Finance evolved from economics as its branch in the early part of the century
Answer: 21st
The following are the elements that must be held in balance to enable optimum utilization of resources of the enterprise except
Answer: investment
is an artificial creature, invisible,
intangible, and existing only in contemplation of law. As a legal (artificial) person, it is separate from the owners. It can enter into a contract, sue and be sued in its name.
Answer: limited liability company
The following are the main components of working capital management except
Answer: fixed income
The is the market that serves as
an intermediary between fund-raisers and suppliers of capital
Answer: nse
The is the market that serves as
an intermediary between fund-raisers and suppliers of capital
Answer: nse
is called borrowed fund and is also
referred to as a debt
Answer: external finance
The following are the fields of finance except
Answer: production/operation
is the pillar upon which all
economic activities stand
Answer: marketing
is when a company distributes all its
earnings to shareholders and acquires new capital from same source by issuing new shares
Answer: rights issue
The following are some of the various types of preference shares except
Answer: non convertible preference shares
The following are the motives for holding cash except
Answer: budgetary motive
The risk that threatens the complete or partial loss of the postponed fruits of effort can be classified into the following except
Answer: financial risks
The Memorandum of Association of a company must contain the following information except –
Answer: address of the company and the reason why it is in existence
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