Q. _____ is a source of long-term finance.
✅ Correct Answer: (D)
All of the above
Functional Areas of Business MCQs and Notes
Q. The financial function for allocation of capital to long term assets is
✅ Correct Answer: (B)
Capital budgeting
Q. Wealth maximisation is the acceptable objective because it is
✅ Correct Answer: (D)
All of the above
Q. One of the sources of seasonal working capital is
✅ Correct Answer: (C)
Indigenous banker
Q. __________ is a source of long term-finance
✅ Correct Answer: (D)
All of the above
Q. Working capital management is managing
✅ Correct Answer: (A)
Short term assets and liabilities
Q. Capital budgeting is related to
✅ Correct Answer: (A)
Long term assets
Q. The primary goal of the financial management is
✅ Correct Answer: (C)
To maximize the wealth of owners
Q. Financial management is mainly concerned with
✅ Correct Answer: (A)
All aspects of acquiring and utilising financial resources for firm’s activities
Q. Henry Fayol laid down
✅ Correct Answer: (C)
14 principles