He is accountable for the accounting operations of the company.

Select one:

a. Chief Financial Officer

b. Operations Manager

c. Controller ======

d. Treasurer

Question 2

He is in charge of all the organization's finance and accounting functions and typically reports to
the chief executive officer.

Select one:

a. Chief Financial Officer ========

b. Treasurer

c. Controller

d. Operations Manager

Question 3

He is responsible for the safekeeping of cash

Select one:

a. Operations Manager

b. Chief Financial Officer

c. Treasurer

d. Controller

Question 4

The finance manager has a regular meeting with all the heads of each department. What is being
described in the situation?

Select one:

a. Acquiring Necessary Capital

b. Forecasting Financial Requirements

c. Interrelation with Other Departments =======

d. Cash Management

Question 5

Which does not belong to the group?

Select one:

a. Acquiring the Necessary Capital

b. Cash Management

c. Ensuring Business Continuity =====

d. Acquiring Necessary Capital

Question 6

Which is not a duty of the treasurer?

Select one:

a. Projecting cash flow needs

b. Solving for tax dues ==========

c. Managing cash

d. Managing short-term investments

Question 7

Which is not a function of a finance manager

Select one:

a. The finance manager contracts with a bank to regularly go to the treasurer's office for
business deposits.

b. The financial manager plans to acquire a loan to be used for business expansion

c. The finance manager is the one who accounts for the expenses incurred in personnel training.

d. The finance manager chooses the investment which has the highest return.

Question 8
Which of the following statements is correct

Select one:

a. The controller must concentrate to principles of safety, liquidity and profitability while
investing capital.

b. The finance manager must maintain a good relationship with the head of all functional
departments only if they are in agreement with his business decisions.

c. The controller is the one responsible for the management of financial transaction recording
and not on the investment decision of the company.

d. The finance manager must carefully select the best investment alternatives and select the one
with reasonable and unstable return from.

Question 9

Which of the following statements is wrong?

Select one:

a. In forecasting financial requirements, the controller is the one who should estimate how
much resources are required to acquire fixed assets and forecast the amount needed to meet
the working capital requirements in future.

b. After deciding the financial requirement, the finance manager should concentrate on how,
where and when to obtain finances.

c. The finance manager must carefully select best investment alternatives and consider the
reasonable and stable return from the investment.

d. The financial manager should have sound knowledge not only in finance related area but also
in other areas as well.

Question 10

Which statement is false?

Select one:

a. The controller reports to the treasurer.

b. The controller and his staff is responsible to meet the tax filing requirements

c. The CFO is sometimes termed as the financial manager

d. The treasurer is the one holding cash accounts of the company

Question 11

"Statement 1. Today insurance companies offer most of the services commercial banks do.

Statement 2. Investment banks are member-owned financial cooperatives are democratically

controlled by its members, and operated for the purpose of offering its members economical
financial services."

Select one:

a. Both Statements are wrong

b. Statement 1 is wrong while Statement 2 is correct

c. Statement 1 is correct while Statement 2 is wrong

d. Both statements are correct

Question 12

These are non-profit financial cooperatives owned by the members and operated for the benefit
of the members.

Select one:

a. Credit Union

b. Commercial Banks

c. Insurance Company

d. Savings and Loans Association

Question 13

These is being issued by the borrower to signify its indebtedness to the creditor.

Select one:

a. Stocks

b. Notes

c. Bonds

d. None of these

Question 14
This is a type of security that signifies ownership in a corporation and represents a claim on part
of the corporation's assets and earnings.

Select one:

a. None of these

b. Notes

c. Stocks

d. Bonds

Question 15

This is where debt securities with an original maturity of one year or less are traded as well as
long-term securities having at least six months left to maturity

Select one:

a. Capital Market

b. Stock Market

c. Money Market

d. Foreign Exchange Market

Question 16

This type of institution focuses on assisting entities in raising capital by underwriting or acting as
the client's agent in the issuance of securities

Select one:

a. Savings & Loan Association

b. Investment banks

c. Credit Unions

d. Commercial Banks

Question 17

Which among the following institutions does not have a full banking license or is not supervised
by a national or international banking regulatory agency?

Select one:
a. Credit Unions

b. Investment Banks

c. Commercial Banks

d. None of these

Question 18

Which does not belong to the group?

Select one:

a. Insurance Companies

b. Investment banks

c. Savings and Loan Associations

d. Credit Unions

Question 19

Which of the following institutions has the power to accept drafts and issue letters of credit;
discount and negotiate promissory notes, drafts, bills of exchange, and other evidences of debt;
accept or create demand deposits; receive other types of deposits and deposit substitutes; buy
and sell foreign exchange and gold or silver bullion; and acquire marketable bonds and other
debt securities; and extend credit.

Select one:

a. PhilHealth

b. Metrobank

c. Palawan Pawnshop

d. Multipurpose Cooperative

Question 20

Which situation is an example of indirect financing?

Select one:

a. Aimee borrowed money from a bank

b. John bought stocks of Choca Loka Company

c. Ben engaged in online buying of fixed income securities

d. Challa went to Western Union and have her US dollar currencies converted into Philippine
peso.