Sinking fund factor is the reciprocal of
A. Future Value Interest Factor (FVIF)
B. Present Value Interest Factor (PVIF)
C. Future Value Interest Factor of Annuity (PVIFA)
D. Present Value Interest Factor ofAnnuity (PVIFA)
Answer: Option C
Which of the following is not an element of financial management?
A. Allocation of resources
B. Financial decision-making
C. Financial planning
D. Financial control
A. Application of Planning and Control Function to the Finance Function
B. Application of cost plan in respect of production
C. Application of costing system
D. Art of recording
Financial management mainly focuses on
A. Brand dimension
B. Efficient management of every business
C. Arrangement of funds
D. All elements of acquiring and using means of financial resources for financial activities
Which is the functions of Financial Control?
A. Audit
B. Planning for Control
C. Accounting Functions
D. All of the above

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