Business Finance Types

1. It can be defined as the science and art of managing money.
a. Financial Management c. Budgeting

b. Finance d. Business Finance
2. It is the act of estimating revenue and expenses over a period of time.

3. It is concerned with decisions about how much of their earnings they spend
4. It involves procurement and utilization of funds so that business firms may be able to carry out
their operations effectively and efficiently.
5. It is the planning, organizing, directing and controlling the financial activities such as
procurement and utilization of funds of the enterprise
6. The act of providing financial resources when faced with financial difficulties as we look for
people or institutions that will give us the money we need,
a. Source of funds c. Borrowing form friends
b. Fund raising d. Pawnshops
7. Finance is concerned with decisions about….. EXCEPT.

a. How much of their earnings they spend
b. How much they save or how much they need
c. How they invest their savings
d. How they can be shareholders of a company
8. The simplest and most common form of business ownership. It is a business owned and run by
someone for their own benefit.
a. Sole proprietorship c. Corporation
b. Partnership d. Cooperative
9. Selling the business is difficult when it requires finding new partner and business ends when any
partner decides to end it
10. This business organization is formed by a group of people with a common goal and interest and
being authorized by the Cooperative development authority.
11. All profits are subject to the owner and there is very little regulation for ownership.
12. Similar flexibility and simple design of a proprietorship and inexpensive to establish a business
partnership, formal or informal
13. Owners have total flexibility when running the business and very few requirements for starting—
often only a business license.
14. Any income distributed to the shareholders as dividends or profits are taxed again as the personal
income of the owners.
15. Shared resources provides more capital for the business and each partner shares the total profits
of the company
16. The business’ existence is entirely dependent on the owner’s decisions, so when the owner dies,
so does the business.
17. Each partner is 100% responsible for debts and losses

18. Limits liability of the owner to debts or losses and profits and losses belong to the company.
19. Can be transferred to new owners fairly easily and personal assets cannot be seized to pay for
business debts
20. The members of the organization are the decision makers and major decisions are carried out
through a general assembly.
21. Operations are costly and to start a business requires complex paperwork
22. “Finance plays a critical role across every aspect of our business. We enable the
business to turn our ambition and strategy into sustainable, consistent and superior
performance”
a. Albert De Larrazabal c. Jose T. Sio
b. Ysmael V. Baysa d. Jean-Marc Huët
23. “It’s very exciting because you are not just thinking of today but what the company
will need in the future”
24. “Yesterday’s solutions are never adequate for the future” -

25. “Now, we don’t go out because we need funds. We go out because it’s an opportunity.”
26. Their responsibility is to carry out the objectives of the shareholders otherwise, they would not
have been elected in that position. BOD
a. Shareholders c. President/CEO
b. Board of Directors d. VP for finance
27. They elect the Board of Directors, each share held is equal to one voting right. Shareholder
28. They make decisions on how to fund long term investments and working capital which deals
with the day to day operations of the company. Finance
29. They oversee the operations of a company and ensuring that the strategies as approved by
the board are implemented as planned. President
30. The primary responsibility is to ensure that the corporation is operating to serve the best
interest of the stockholders. BOD
31. They perform all areas of management: planning, organizing, staffing, directing and
controlling and representing the company in professional, social, and civic activities.
President
32. They approve the information and other disclosures reported in the financial statements
BOD
33. They perform market and competitor analysis. And analyze and evaluating the effectiveness and
cost of marketing methods applied. Marketing
a. VP for Marketing c. VP for Finance
b. VP for Administration d. VP for Productions
34. They identify production technology/process that minimizes production cost and make the
company cost competitive. Production
35. They coordinate the functions of administration, finance, and marketing departments and assist
other departments in hiring employees. Administration
36. They conduct or direct research that will allow the company identify new marketing
opportunities, e.g. variants of the existing products/services already offered in the
market. Marketing
37. They provide assistance in payroll preparation, payment of vendors, and collection of
receivables. Administration
38. They come up with a production plan that maximizes the utilization of the company’s
production facilities. Production
39. They determine the location and the maximum amount of office space needed by the
company. Administration
40. They determine the appropriate capital structure of the company. Finance
41. They determine how to finance working capital accounts such as accounts receivable
and inventories. Finance
42. They set policies on investments, capital structure and dividend policies and approve
company’s strategies, goals and budgets. BOD
KARITON REVOLUTION
43. This was brought about by one of its young members, Cris "Kesz" Valdez. The event features
different activities such as concerts for teachers, volunteerism themed contests, parade of
carts and motorcades.
a. URC Road to Education c. Kariton Revolution
b. Kariton Klasrum d. URC Learning Center
URC LEARNING CENTER

44. Adding more fun and creativity to these new learning spaces are walls adorned with murals of
URC brands such as Refresh, C2 Cool and Clean, Payless Instant Mami and Jack 'n Jill Knots.
URC ROAD TO EDUCATION

45. Universal Robina Corporation's focus on their corporate social responsibility is to help improve
the quality of life by supporting activities that contribute to education and youth development.
KARITON KLASRUM
46. Efren Penaflorida's mobile classroom hits the busy streets with the goal of providing holistic
education, health and values initiative for the out-of-school youth. The carts are filled with URC
products which are distributed to students during breaks from their classes.
47. The company's constant efforts caused URC to have market leadership in salty snacks,
candies, chocolates, canned beans, and ready-to-drink tea while maintaining strong positions
in coffee, biscuits and noodles.
a. URC Branded consumer foods c. URC Sugar
b. URC Flour and Pasta d. URC Distillery
48. URC Flour produces imported high quality flour which undergoes a standard milling process
to ensure consistent quality. Other product offerings include by-products such as wheat germ,
bran and pollard. The division also supplies the local and export flour requirements of the
URC Branded Consumer Food Group and URC international. It also toll manufactures pasta
noodles for one of the leading fast food chains in the country.
49. The URC Sugar Division operates 5 mills and 3 refineries across the country with a
combined capacity of milling 31,000 tons of sugar cane and producing 33,000 bags of refined
sugar per day. They also provide sugar cane milling, refining and tolling services and also
trades raw sugar, refined sugar and molasses.
50. The URC Distillery engages in the production of fuel-grade anhydrous ethanol suitable for
gasoline blending. It currently produces 100,000 liters per day of fuel-grade ethanol. The
distillery uses molasses, a joint-product of sugar production, as its primary feedstock. It's also
the first ethanol distillery plant in Southeast Asia to utilize a spent wash incineration boiler
which ensures zero-waste operations.

Business Finance Types

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1. It can be defined as the science and art of managing money.

a. Financial Management c. Budgeting

2. It is the act of estimating revenue and expenses over a period of time.

7. Finance is concerned with decisions about….. EXCEPT.

17. Each partner is 100% responsible for debts and losses

24. “Yesterday’s solutions are never adequate for the future” -

URC LEARNING CENTER

URC ROAD TO EDUCATION

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