Are You Smarter Than a 5th Grader? Topic 2

Financial Planning & Management

Are You Smarter Than a 5th Grader? Topic 2

Financial Planning & Management

Are You Smarter Than a 5th Grader?

Are You Smarter Than a 5th Grader?

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5th Grade Topic 15th Grade Topic 1 5th Grade Topic 2

4th Grade Topic 34th Grade Topic 3 4th Grade Topic 4

3rd Grade Topic 53rd Grade Topic 5 3rd Grade Topic 6

2nd Grade Topic 72nd Grade Topic 7 2nd Grade Topic 8

1st Grade Topic 91st Grade Topic 9 1st Grade Topic 10

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5th Grade Topic 1 Question 5th Grade Topic 1 Question The financial manager of a furniture

company has determined that improving turnover of accounts receivable will be the goal for the next financial year.

Which objective is the financial manager aiming to improve?

(A) Efficiency (B) Liquidity (C) Profitability (D) Solvency

The financial manager of a furniture company has determined that improving turnover of accounts receivable will be the goal for the next financial year.

Which objective is the financial manager aiming to improve?

(A) Efficiency (B) Liquidity (C) Profitability (D) Solvency

5th Grade Topic 1 Answer 5th Grade Topic 1 Answer

(A) Efficiency(A) Efficiency

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5th Grade Topic 2 Question 5th Grade Topic 2 Question

What is the main role of the Australian Stock Exchange?

(A) Conducting a public market in shares and debentures

(B) Buying and selling securities in Australian businesses

(C) Providing prudential supervision of financial institutions

(D) Ensuring investors create economic growth and employment prospects

What is the main role of the Australian Stock Exchange?

(A) Conducting a public market in shares and debentures

(B) Buying and selling securities in Australian businesses

(C) Providing prudential supervision of financial institutions

(D) Ensuring investors create economic growth and employment prospects

5th Grade Topic 2 Answer 5th Grade Topic 2 Answer

(A) Conducting a public market in shares and debentures

(A) Conducting a public market in shares and debentures

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4th Grade Topic 3 Question4th Grade Topic 3 QuestionWhich of the following is an advantage of

using owner’s equity as a source of funds?

(A) The owner’s unproductive assets are liquidated.

(B) There is no change of ownership as funding is internal.

(C) The business can make tax savings in periods of high inflation.

(D) The business is able to sustain prolonged periods of operating losses.

Which of the following is an advantage of using owner’s equity as a source of funds?

(A) The owner’s unproductive assets are liquidated.

(B) There is no change of ownership as funding is internal.

(C) The business can make tax savings in periods of high inflation.

(D) The business is able to sustain prolonged periods of operating losses.

4th Grade Topic 3 Answer4th Grade Topic 3 Answer

(C) The business can make tax savings in periods of high inflation.

(C) The business can make tax savings in periods of high inflation.

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4th Grade Topic 4 Question4th Grade Topic 4 Question

What is the best measure of the current financial position of a business?

A) A SWOT reportB) A cash flow statementC) A budgetD) A balance sheet

What is the best measure of the current financial position of a business?

A) A SWOT reportB) A cash flow statementC) A budgetD) A balance sheet

4th Grade Topic 4 Answer4th Grade Topic 4 Answer

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A balance sheet

3rd Grade Topic 5 Question3rd Grade Topic 5 Question

Which of the following statements about budgets is correct? Budgets are:

A)A problem solving toolB)A monitoring toolC)A planning tool and a problem

solving toolD)A planning tool and a monitoring tool

Which of the following statements about budgets is correct? Budgets are:

A)A problem solving toolB)A monitoring toolC)A planning tool and a problem

solving toolD)A planning tool and a monitoring tool

3rd Grade Topic 5 Answer 3rd Grade Topic 5 Answer

A planning tool and a monitoring tool

A planning tool and a monitoring tool

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3rd Grade Topic 6 Question3rd Grade Topic 6 QuestionInstitutions participating in the

equity market will most likely include:

A)Banks and building societiesB)Credit unions and finance companiesC)Stockbrokers and the Australian

Stock ExchangeD)Banks and stockbrokers

Institutions participating in the equity market will most likely include:

A)Banks and building societiesB)Credit unions and finance companiesC)Stockbrokers and the Australian

Stock ExchangeD)Banks and stockbrokers

3rd Grade Topic 6 Answer3rd Grade Topic 6 Answer

Stockbrokers and the Australian Stock Exchange

Stockbrokers and the Australian Stock Exchange

2nd Grade Topic 7 Question2nd Grade Topic 7 Question

Which of the following are funds derived from internal sources

A) Venture capital and retained profitsB) Overdraft and bank billsC) Shares, capital and overdraftsD) Retained profits and share capital

Which of the following are funds derived from internal sources

A) Venture capital and retained profitsB) Overdraft and bank billsC) Shares, capital and overdraftsD) Retained profits and share capital

2nd Grade Topic 7 Answer2nd Grade Topic 7 Answer

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Retained profits and share capital

2nd Grade Topic 8 Question2nd Grade Topic 8 Question

What is involved in factoring?A) The immediate payment of creditors at a

discountB) The selling of equipment then leasing it

backC) The sale of accounts receivable for less

that full valueD) The use of debt finance in preference to

equity finance

What is involved in factoring?A) The immediate payment of creditors at a

discountB) The selling of equipment then leasing it

backC) The sale of accounts receivable for less

that full valueD) The use of debt finance in preference to

equity finance

2nd Grade Topic 8 Answer2nd Grade Topic 8 Answer

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The sale of accounts receivable for less that full value

1st Grade Topic 9 Question1st Grade Topic 9 QuestionWhich of the following best represents the

financial planning cycle? (A) Retain profits, acquire equity finance,

minimise risks, plan the marketing strategy (B) Address the present financial position, source

funds, analyse reports, establish a cost centre (C) Address the present financial position,

prepare budgets, analyse financial reports, plan financial controls

(D) Conduct a situational analysis, lead structural change, maintain record systems, develop budgets and cash flows

Which of the following best represents the financial planning cycle?

(A) Retain profits, acquire equity finance, minimise risks, plan the marketing strategy

(B) Address the present financial position, source funds, analyse reports, establish a cost centre

(C) Address the present financial position, prepare budgets, analyse financial reports, plan financial controls

(D) Conduct a situational analysis, lead structural change, maintain record systems, develop budgets and cash flows

1st Grade Topic 9 Answer1st Grade Topic 9 Answer

(C) Address the present financial position, prepare budgets, analyse financial reports, plan financial controls

(C) Address the present financial position, prepare budgets, analyse financial reports, plan financial controls

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1st Grade Topic 10 Question1st Grade Topic 10 Question

A business sells its accounts receivable to improve cash flow.

Which of the following best describes this strategy?

(A) Factoring (B) Equity financing (C) Sale and lease back (D) Accounts receivable turnover

A business sells its accounts receivable to improve cash flow.

Which of the following best describes this strategy?

(A) Factoring (B) Equity financing (C) Sale and lease back (D) Accounts receivable turnover

1st Grade Topic 10 Answer 1st Grade Topic 10 Answer

(A) Factoring (A) Factoring

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Million Dollar QuestionGrade Level Topic 11

Million Dollar QuestionGrade Level Topic 11

1,000,000 Question1,000,000 QuestionWhich of the following would best

describe the role of a merchant bank?A) To monitor the activities of publicly listed

companiesB) To act as banker and financial agent to the

federal governmentC) To provide borrowing and lending services,

primarily to the business sectorD) To provide loans to the corporate sector

through receipts of insurance premiums

Which of the following would best describe the role of a merchant bank?

A) To monitor the activities of publicly listed companies

B) To act as banker and financial agent to the federal government

C) To provide borrowing and lending services, primarily to the business sector

D) To provide loans to the corporate sector through receipts of insurance premiums

1,000,000 Answer 1,000,000 Answer

To provide borrowing and lending services, primarily to the business sector

To provide borrowing and lending services, primarily to the business sector

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