Finance > TEST BANK > Finance For Non-Financial Managers, 7th Canadian Edition By Pierre Bergeron TEST BANK (All)
Finance For Non-Financial Managers, 7th Canadian Edition By Pierre Bergeron TEST BANK
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Chapter 1 Overview of Financial Management MULTIPLE CHOICE 1. Which of the following statements describes an activity which is financial management? a. Looking after trade payables and co... rporate accounting is not a responsibility of the controller. b. Monitoring the profit for the year which is the difference between revenue and gross profit. c. The treasurer raising funds. d. Ensuring that the cost of borrowing is greater than the return on assets. ANS: C PTS: 1 REF: 11 OBJ: LO 2 BLM: Higher Order 2. Which of the following statements describes a financial management activity? a. Arranging internal financing is obtained from banks and investors. b. Ensuring liquidity by managing the payment of dividends. c. Operating decisions dealing with better utilization of non-current assets. d. The stability objective is related to the financial structure of a business. ANS: D PTS: 1 REF: 15 OBJ: LO 4 BLM: Remember 3. Which of the following activities is NOT a financial management function? [Show More]
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