ACCA Financial Management FM Exam Practice Questions 2023 - Part 5
1. Net working capital refers to ___________.
A) total assets minus fixed assets
B) current assets minus current liabilities.
C) current assets minus inventories.
D) current assets.
2. Basic objective of Financial Management is ________________.
A) Maximization of profit
B) Maximization of share holder's wealth
C) Ensuring Financial discipline in the firm.
D) All of these.
3. Financial structure refers to ________________.
A) Short-term resources
B) All the financial resources
C) Long-term resources
D) All of these
4. Quick asset does not include ____________.
A) Government bonds.
B) Book debts.
C) Advance for supply of raw materials
D) Inventories
5. _____________ is a specific risk factor
A) Market risk.
B) Inflation risk.
C) Interest rate risk.
D) Financial risk.
A) total assets minus fixed assets
B) current assets minus current liabilities.
C) current assets minus inventories.
D) current assets.
2. Basic objective of Financial Management is ________________.
A) Maximization of profit
B) Maximization of share holder's wealth
C) Ensuring Financial discipline in the firm.
D) All of these.
3. Financial structure refers to ________________.
A) Short-term resources
B) All the financial resources
C) Long-term resources
D) All of these
4. Quick asset does not include ____________.
A) Government bonds.
B) Book debts.
C) Advance for supply of raw materials
D) Inventories
5. _____________ is a specific risk factor
A) Market risk.
B) Inflation risk.
C) Interest rate risk.
D) Financial risk.
1. Right Answer: B
Explanation:
2. Right Answer: B
Explanation:
3. Right Answer: B
Explanation:
4. Right Answer: D
Explanation:
5. Right Answer: D
Explanation:
Explanation:
2. Right Answer: B
Explanation:
3. Right Answer: B
Explanation:
4. Right Answer: D
Explanation:
5. Right Answer: D
Explanation:
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