Financial Management Systems

3 Questions | Total Attempts: 121

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Financial Management Quizzes & Trivia

This is the FMS quiz for IRM


Questions and Answers
  • 1. 
    What is Bookkeeping?
    • A. 

      Being a librarian

    • B. 

      Financing expansion with debt

    • C. 

      The daily operation of an accounting system, recording routine transactions within the appropriate accounts

    • D. 

      The amount of taxes that must be paid

  • 2. 
    If you outsource Bookkeeping, do you still need to keep track of some numbers day-to-day?
    • A. 

      Yes

    • B. 

      No

  • 3. 
    Which of these are Financial Resources that can be managed?
    • A. 

      Insurance

    • B. 

      Budgeting

    • C. 

      Accounts Receivable

    • D. 

      Chance of Success

    • E. 

      Business Risk