FINANCE QUIZ NO. 1

1.NASDAQ is acronym for

A. North American Share Dealers Association Quotes
B. National Association of Securities Dealers Automated Quotations
C. National All Stocks Dealers Automated Quotations
D. Network of Acquired Securities Distribution Application Quotations

2.The primary function of the Income Statement is to:

A) Show the company's value as of a given point in time
B) Determine if the company will have enough cash to operate properly
C) Determine taxes owed or not owed
D) Compare the company's assets against the company's liabilities
E) Measure the company's financial performance over a period of time

3.The primary function of the Balance Sheet is to:

A) Measure the company's performance over a period of time
B) Make sure that the company's assets and the company's liabilities "balance"
C) Determine taxes owed or not owed
D) Show the company's value as of a given point in time

4.The main three sections of the Cash Flow Statement are:

A) Cash from operating activities; cash from investing activities and cash from financing activities
B) Cash from operating activities; cash from sales and cash from administrative activities
C) Cash from assets; cash from liabilities and cash from equity
D) Cash from sales; cash from operations and cash from depreciation and amortization
E) Cash from customers; cash from shareholders and cash from miscellaneous sources

5.Which one of the following lists are the Current Liabilities of a company:

A) Accounts Payable, Notes Payable, Accrued Expenses AND Income Taxes Payable
B) Accounts Payable, Notes Payable, Accrued Expenses AND Prepaid Expenses
C) Accounts Payable, Notes Payable, Accrued Expenses BUT NOT Income Taxes Payable
D) Accounts Payable, Notes Payable, Income Taxes Payable BUT NOT Accrued Expenses
E) Accounts Payable, Notes Payable AND Prepaid Expenses

6.NSDL stands for

A. Network of Securities Depository Limited
B. Network of Stocks Directory Listing
C. National Stock Directory Limited
D. National Securities Depository Limited


Answeres:

1-B, 2-E, 3-D, 4-A, 5-A, 6-D