Speech.pptVIP

Speech 1311 * 109 * 6.12 * Business Strategies Preparation Test Your Financial knowledge Your net worth (资本净值) is: (choose one) a The difference between your bank borrowings and your savings b The difference between your liabilities(债务，负债) and your assets c The difference between your income and expenditure（支出、花费） d All of these together b d Michael has all of the following. Which one is an asset: a Mortgage （抵押） b Hire purchase （HP分期付款购买） c Student loan d Plumbing（铅管品制造） business c A budget is essentially about considering: a Income b Expenditure c Income and expenditure c Budgeting is: a Trying to spend less b Quite unnecessary for most people c Planning for income and priorities（优先权） for expenditure d Recording how you have spent money e All of the above a It is financially intelligent to borrow for things that will: a Go up in value in the future b Go down in value in the future c Be worth the same in the future d Be worth nothing in the future Credit cards attract a higher interest rate. This is because: a They do not have a bank account with them b The customer can pay them off （还清债务） at any time c They are usually only for a small amount of credit d They are unsecured d a Which of the following is incorrect? Credit cards are good because: a You do not have to repay them in full each month b You can save on bank fees c They give you a period of free credit d They are convenient c The cash return from shares that is paid to investors is called: a Rent b Interest c Dividends d Profit T F T F T True or false? A bankrupt company can be profitable. In business, profit is the same as cash. A company can be very profitable but short of cash. Accounts receivable are not counted as an asset until actually collected. (collect accounts 收账) An income statement （所得[损益]计算书）shows whether a company is operating profitably. Prices of the following commodities（March 28, 2012） Gold, Brent Crude Oil, USD VS CNY Gold (Oct. 5, 2013) $ 682 / ounce $ 1980