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1. _____ may be defined as the provision of money at the time it is required.
a) Capital
b) Expendeture
c) Finance
d) Labour
2. Oyekanmi (2003) defined finance “as money affairs or money_____
a. Situation
b. Matters
c. Problem
d. organization
3. According to Hornby (2001), finance is the money need or needed to support an activity, project, programme etc. and or the ____of money
a) management
b) Investing
c) Spending
d) All of the above
4. Finance evolved from economics as its branch in the early part of the _____
century; but later became a separate discipline.
a. 19th
b. 21st
c. 1st
d. 20th
5. Finance was initially concerned mainly with the keeping of records of receipts and payments; dealings simply on bonds, _____, banks.
a) Savings
b) Shares
c) Debentures
d) loan
6. Instruments of finance include all except_____
a. Capital makert
b. Bounds
c. debentures
d. Loan
7. Institutions / intermediaries of finance include ____
a. Debentures
b. Shares
c. Bank
d. Non of the above
8. The finance is related to ____as every individual, organizations and government operate within the economy.
a. Management
b. Bussiness
c. Law
d. economics
9. Without _____an enterprise cannot function;
a) Market
b) Money
c) debentures
d) Loan
10. Finance can be likened to ____.
a. Power
b. Inflow
c. Cash at hand
d. lubricant
11. Too much of finance may lead the business having to grapple with all types of projects not minding their usefulness.
a) True
b) False
c) I don’t know
12. _____is the common denominator for the full range of activities performed in the business.
a) Trade by batter
b) Money
c) Exchange
d) Buy and sell
13. Money is the ____ of exchange in business;
a. Problem
b. Solution
c. medium
d. element
14. _____ is also known to as equity fund/finance is referred to as Equity.
a) Internal Finance
b) External finance
c) Liquidity finance
d) supplous
15. ____ is referred to as an internally-generated fund.
a. contribution
b. Internal Finance
c. Firm
d. borrowed
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1. _____This is called borrowed fund/finance and referred to also as debt.
a) Internal Finance
b) Extanal finance
c) Liquidity finance
d) Supplous
2. A firm/business can sell _____to acquire equity funds.
a. Bounds
b. Debentures
c. shares
d. Debts
3. A ____ is the distribution of a company’s earnings to its shareholders and is determined by the company’s board of directors.
a) Capital
b) dividend
c) shares
d) Grant
4. _____ are for physical or tangible assets such as plant, machinery wheat, office, gold, buildings etc.
a. General market
b. Financial market
c. Global market
d. Real markets
5. There is a relationship between ____and other functions in business enterprises.
a) Management
b) finance
c) payment
d) Non of the above
6. You should know that all business activities, directly or indirectly, involve the acquisition and utilization of ____.
a. Education
b. Skill
c. Funds
d. English
7. A company can also obtain ____funds by retaining earnings available for shareholders.
a) Equality
b) equity
c) Unity
d) shares
8. ____after a company distributes all earnings to shareholders, it can re-acquire new capital from the same source (existing shareholders) by issuing new shares.
a. Co-oprate shares
b. Individual shares
c. Rights Shares
d. Government shares
9. _____ are not owners of the company. They provide money to enterprises as a loan, which is a debt.
a) Receivers
b) Debtors
c) Contributors
d) Creditors
10. A bond/debenture is a ____stating the amount of money lent by a bondholder to the company.
a. Receipt
b. Letter
c. certificate
d. Cash book
11. Finance functions have been acknowledged as major in most_____.
a) Organizations
b) Society
c) Community
d) cooperatives
12. ____decisions involve capital expenditures, which are referred to as capital budgeting decisions.
a. Labour
b. Enterprenue
c. Investment
d. Spending
13. This is the other major financial decision which affects the____ and the business as a whole
a) Dividendholders
b) shareholders
c) Bondsholders
d) Stakholders
14. The proportion of profits distributed as dividend is called the _______ratio.
a. dividend-payout
b. dividend-payroll
c. dividend-payin
d. dividend-policy
15. The ____ policy is determined by its impact on the shareholder’s value.
a) Shares
b) Bonds
c) dividend
d) Non of the above