POLYTECHNIC UNIVERSITY OF THE

Appendix C

Questionnaire: THE EFFECTIVENESS OF FINANCIAL MANAGEMENT

PRACTICES OF THE SHIPPING COMPANIES IN METRO MANILA,
PHILIPPINES

Date : _______________

Dear Respondent,

Please take time to accomplish this questionnaire. Please check () in the space
provided as honestly and independently by marking the check box that best represents
your answer. Your answers to this questionnaire will be considered strictly
confidential. All information will be used for academic purposes only.

Thank you in advance for your invaluable and generous contribution.

The Researcher

Name of the Company (optional) : HERMA SHIPPING AND TRANSPORT CORP

Part I. Demographic Profile

1.1. Sex

_______ Male
X Female

1.2. Age

_______ 18 to 22
___X___ 23 to 27
_______ 28 to 32
_______ 33 to 37
_______ 38 to 42
_______ 43 to 47
_______ 48 and above

1.3 Civil Status

___X___ Single
_______ Married
_______ Separated
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_______ Widowed

1.4 Highest Educational Attainment

___X___ College Graduate

_______ Master’s Degree Undergraduate
_______ Masters Degree Graduate
_______ Doctor’s Degree Undergraduate
_______ Doctor’s Degree Graduate

1.5 Average Monthly Income

_______ Less than Php 15,000

___X___ Php 15,000 to Php 34,999
_______ Php 35,000 to Php 49,999
_______ Php 50,000 to Php 74,999
_______ Pho 75,000 to Php 99,999
_______ Php 100,000 to Php 149,999
_______ Php 150,000 and above

1.6 Job Position Level

_______ Top Manager

_______ Middle Manager
_______ Supervisory
___X___ Staff/ Rank and File

1.7 Length of Service in the Present Company

_______ Less than (1) year

_______ 1-3 years
___X___ 4- 6 years
_______ 7-9 years
_______ More than 10 years

1.7 Average Annual Number of Seminars

_______ Less than 2 times per year

_______ 3 to 5 times per year
___X___ 6 to 10 times per year
_______ 10 times above per year
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1.8 Type of Shipping Company (tick as many as applicable)

_______ Dry Bulk Shipping

___X___ Oil Tankers
_______ Gas Tankers
_______ Containerized Passenger Service
_______ Consolidated Shipping
_______ Agency Service
_______ Others ( Please specify)_________________________________

Part II. Financial Management Practices Adopted by the Company

This questionnaire describes the financial management practices adopted by the

company as you percieve it. Please put check () in the box that corresponds your answer.
Somewhat
Very Effective Effective Less Effective Not Effective
Effective
5 4 3 2 1

4,3,4,5,4,4,4
1.1 Investment and Borrowing 5 4 3 2 1
The company invests in different investment instruments i.e.
a. share, bonds, unit trust, and real estate with minimal
knowledge and understanding on it.
b. The company prefers the highest yield of return.
The company involves liquidity managing investments that
c.
cash will be available when needed.
The company has an investment portfolio as a source of
d.
additional revenue.
The debt facility of the company is fully utilized according to
e.
its capabilities.
f. The company has an allocation of credit to desired aims.
g. Different bank loan accounts are maintained
1.2 Financial Reporting – 5,4,4,5,5,4,5
The financial statements of the company are prepared in
a.
line with the financial accounting standards.
The financial statements are prepared in accordance with
b.
GAAP ( General Accepted Accounting Principles)
The financial statements are published by monthly.quarterly 5 4 3 2 1
c.
and/or yearly.
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The financial ratios are applied in the financial reporting

d.
analysis in the company,
Computerized and software- enhanced financial statements
e.
are generated.
The company has an internal and external auditor regarding
f.
financial statements reports.
g. Annual reports were been prepared by an external auditors.
1.3 Financial Control 5 4 3 2 1
a. Regular audit are conducted. - 5
On the Spot Checking about financial matter were been
b.
implemented.-4
c. Check and balance of financial report are being reviewed.-5
The attitude and involvement of owner/ manager to
d.
financial controls are efficient.-5
e. Preparing different financial budgets on a regular basis.-5
Comparison between the budgeted and the actual results
f. are conducted on a regular basis.-4

Usefulness of financial budget in provising information for

g.
making decisions.-4

Thank you for your cooperation, Sir / Madamme.