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Public Finance > Prelims > Flashcards

Prelims Flashcards

1
Q

It is sufficiency, acquisition, allocation, and utilization of funds

A

Finance

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2
Q

It concerns with a government revenue and expenditure. it talks about how the government gets the money or how does it spends

A

Public Finance

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3
Q

Types of Business Organization

A

Services
Trading/merchandising Manufacturing
Banking and finance
Mining
Construction
Genetic industries

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4
Q

Finance is derived from the latin word_ meaning to end or pay

A

Latin word FINER

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5
Q

She defines economics as a science of production and distribution of wealth

A

Webster

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6
Q

It means determining where to use funds currently available to the firm

A

Allocation

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7
Q

It means obtaining funds from the right sources at the right time

A

Acquisition

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8
Q

It means using the funds

A

Utilization

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9
Q

Oldest medium of exchange and use as barter before

A

Seashells

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10
Q

It came from the latin word “Moneta” which was a surname of a roman goddess juno Moneta

A

Money

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11
Q

An old french, it means money coins currency

A

Monoie

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12
Q

Money is Noted as…

A

Medium of exchange
Legal tender
Measure of value
Means of payment
Standard of value

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13
Q

It is the oldest form of money as domestication of animals

A

Cattle

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14
Q

A process of conversion of materials into coins

A

Coinage

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15
Q

An indian word means “color white beads” an oblong shaped clamshell strong together and used as ornaments.

A

Wampum

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16
Q

Kinds of Coinage

A

Free coinage or Gratticus coin
Brassage
Seigniorage
Limited Coinage

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17
Q

Made by chinese during tang dynasty and use in the country mongolia

A

Paper Money

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18
Q

Examples of these are credit cards debit cards cash cards and gift certificates

A

Plastic Money

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19
Q

Functions of Money

A

Medium of exchange
Standard of value
Means deferred payment
Store of value
Conveyance

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20
Q

Forms or money

A

Commodity money
Currency bills C
Check
Bank draft
Money order
Warehouse receipt

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21
Q

Characteristics of good medium of exchange

A

Scarcity
Divisibility
Portability
Durability

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22
Q

Classification of finance as to form negotiation

A

Direct finance
Indirect finance

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23
Q

Involved in direct borrowing and there is one security involve the direct security which is in this case is the promissory note

A

Direct finance

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24
Q

Involves financial intermediaries in the real sense of the word. The securities involved are indirect securities or the secondary securities

A

Indirect finance

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25
Q

Classification of finance as to user

A

Public finance
Private finance

26
Q

It deals with revenue and expenditure of the government

A

Public finance

27
Q

It deals with the area of general finance not classified under public finance and individual borrowing money from another individual is one of its example

A

Private finance

28
Q

Medina divided province financed further into three categories which are…

A

Personal finance
Finance of non-profit organization
Business finance

29
Q

It refers to finance conducted by individuals or consumers. one of its example is a father giving his son allowance

A

Personal finance

30
Q

It involves conducted by charitable civic religious organizations among others. Everything that they do do not involves funding

A

Finance of non-profit organization

31
Q

It’s all about saving time money or effort. It is the relationship between input and output. It is a measure of speed and cost

A

Efficiency

32
Q

It is a measure of quality

A

Effectiveness

33
Q

Efficiency + effectiveness =

A

Productivity

34
Q

It engaged in rendering services such as barber shops, tailoring, massage clinics & spasz laundry shops, doctors vent planners personal trainers and others.

A

Service

35
Q

It engaged in buying and selling merchandise. They sell shoes, furniture, sari-sari stores, appliance stores, bookstores, and others

A

Trading and merchandising

36
Q

Are those which by raw materials and processed the same to convert them into finished products which they sell. Another firm buys wood or lumber to make furnitures, buys fabric to make ready to wear clothes, buys leathers to make shoes and bags.

A

Manufacturing

37
Q

Firms that use money as its main object of business. Money and credit are their products banks. Lending institutions credit companies pawnshops savings and loans associations credit unions and others.

A

Banking and finance

38
Q

It extract natural resources like oil gas gold-copper cement among others this is the reason they belong to the extractive industry.

A

Mining companies

39
Q

This build houses building schools roads bridges and others infrastructure there similar to manufacturing assistance with materials like cement and steel.

A

Construction companies

40
Q

Business involved in the production or multiplication and reproduction or certain species of plants and animals either brazil or for production of bioproducts like wool leather and medicine herbs

A

Genetic industries

41
Q

Is a business unit owned and controlled by a single individual and it is the simplest business entity and the easiest to form or put up.

A

Sole or single proprietorship

42
Q

Is an association of two or more persons who have agreed to contribute money property or industry to a common fund with the intention of dividing the profits among themselves.

A

Partnership

43
Q

It is an artificial body or being organized in accordance with the provision of law in which ownership is divided into shares or stocks

A

Corporation

44
Q

Our organization established by individuals called numbers to provide themselves with good and services or to purchase and dispose of the products of their labor. These individuals have voluntary join together to achieve a common goal through the cooperative created

A

Cooperative

45
Q

Also known as financial management that focuses on the financial aspects of managerial decisions it is concerned with assessing health financial techniques are being used at different levels of a company vs the financial

A

Managerial finance

46
Q

It is defined as a t lysing the scarce resources of the organization to maximize attainment of the organization’s goals and objectives

A

Management

47
Q

The 8 m’s of management

A

Men
Money
Materials
Method
Machine
Market
Moment
Media

48
Q

It is human and the most important of all resources

A

Men

49
Q

Or capital money is only a part of capital

A

Money

50
Q

These are items need to make a product

A

Materials

51
Q

The way things are done

A

Methods

52
Q

These are sources produced by technology

A

Machine

53
Q

This refers to whom/where businesses sell their products who are in demand of a product

A

Market

54
Q

Also known as time resource management and other employees need to learn how to manage effectively and efficiently to achieve objectives

A

Moment

55
Q

The resources that enables business to reach their markets

A

Media

56
Q

Finance consists of three interrelated areas these are

A

Managerial finance
Investment
Money and capital markets

57
Q

Finance consists of three interrelated areas these are

A

Managerial finance
Investment
Money and capital markets

58
Q

Productivity can be improved by

A

Increasing output with the same input
Decreasing input with same output Increasing output decreased input

59
Q

Consist of labor materials and capital

A

Input

60
Q

Besides as to where to get financial resources by cash inventories equipment and other assets did with the firm and its operation

A

Finance manager

61
Q

The person in charge of the finance function

A

Director of finance

Public Finance (1 decks)

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