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MGST Quiz Questions with Accurate Answers
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Exam of 5 pages for the course TELUS at TELUS (MGST Quiz Questions)
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MGST Quiz QuestionsWhich of the following best describes credit cards? - answerThey defer payment to a later point in time.
Michaela Petty owns common shares in Procter & Gamble. Last quarter she received a cheque from P&G for $132, which is her share of P&G's distributed profits. Petty has received which of the following? - answerdividends
European Airlines forecast that its profits will increase by 2-4 percent for flights between
Europe and Canada during the next 12 months. This prediction is part of which of the following activities? - answerthe company's operating budget
Short-term expenses used to support current production and selling expenses are known as which of the following? - answeroperating expenses
Funds invested in long-lived assets, such as land, buildings, machinery, and equipment,
are called which of the following? - answerproduction costs
Short-term forecasts that project revenues, costs of goods, and operating expenses over a one-year period are known as which of the following? - answeroperating plans
A ten-dollar bill can be changed into two five-dollar bills or ten loonies. This key characteristic of money is known as which of the following? - answerdivisibility
Which of the following are formal written forecasts of revenues and expenses that set spending limits based on operational forecasts? - answerbudgets
Which of the following is a nonprofit, member-owned financial cooperative? - answera credit union
What are two types of equity securities? - answercommon shares and preferred shares
Financial management is best described by which of the following? - answerIt uses financial statements prepared by accountants to make financial decisions.
Financial managers are best described by which of the following? - answerThey track how money is flowing into and out of the company.
In finance, what is the opportunity for profit? - answerthe return Tameika Wilson owns 100 shares of Telus Mobility. Last year Telus Mobility sent her four more shares instead of her usual cash dividend. Which of the following did Telus distribute to its shareholders? - answera stock dividend
For money to be an acceptable medium of exchange which of the following are necessary? - answerIt must be scarce, divisible, portable, and durable.
Demand deposits - answermoney kept in chequing accounts that can be withdrawn by depositors on demand
Time deposits - answermoney invested for a specific time
term deposits - answerdeposits at a bank that pay interest but cannot be withdrawn on demand
Examples of non-depository financial institutions - answerinsurance companies, pension
funds, brokerage companies and finance companies
Securities - answerinvestment certificates issued by corporations or govt that represent equity or debt
True or false Higher the risk, the greater the return - answerTrue - risk return tradeoff
Short term forecasts is also known as - answerOperating plans - revenues, COGS over one year to estimate the budget
Long Term forecast is also known as - answerStrategic plans - longer than a year -
why do businesses prepare budgets - answerto plan and control their future financial activities - operational forecasts
capital budgets - answerforecast a companys outlay for fixed assets (PPE)
Marketable securities - answershort term investments that are easily converted into cash
capital expenditures - answerinvestments in long lived assets
capital budgeting - answerchoosing the projects that will give the company the best return and maximize the company's value
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