Financial Planning 1.03 Review
One of the roles of ethics in finance is to encourage business employees to
Make the right decisions
Which is an example of a non-deposit financial institution
Mortgage bank
The amount of money that a business owes to someone else is:
accounts payable
money owed to the business is known as
accounts receivable
Determining which projects a business should invest in is known as
capital budgeting
Julie, a newly promoted manager, lacks the time to properly prepare employee work schedules and assigns this duty to the assistant manager. Which time management technique is Julie using?
delegating activities
A manager is most likely to use financial information when
determining resources available to fund a new project
Commercial banks and brokerage firms are examples of
financial intermediaries
The finance function ensures that the company's financial goals are
in line with organizational priorities
the administration of assets refers to decisions about
investments
How does the finance function relate to company spending
it plans and controls spending
finance is the business function that involves managing
money
The finance function would definitely be involved in a decision regarding
new business projects and strategies
Accounting is distinct from finance because its main focus is on
recordkeeping activities
Which is a measure of how well a business generates cash flow
return on capital
an institution that combines the elements of a bureaucracy with those of a private company is called
semi-government
why do so many businesses develop to encourage ethical behavior in finance
standards
what effect does the demand of time have on the supply of time available
the supply of time stays the same
when an employee always works a full day, but never seems to complete any tasks, that employee needs to focus on
time management
Which is a way that businesses can use financial information
to identify trends
When Alana prepares a report so that all of the financial data is clearly disclosed, she is ensuring that the information is
transparent
Thad is investing in a money market, which buys and sells products such as
treasury bills
decisions about financing refer to the
Acquisition of funds
Beau is stressed out because he agreed to take on three new clients when his calendar is already full. Which time-management principle does he need to learn?
Be realistic in accepting responsibility for work
When return on capital is positive, the company is most likely:
Growing in value
which activities should be excluded from a daily to-do list
activities that must be done next month
Natalia is upset because she was supposed to work on a certain account today, but her boss switched her to another account at the last minute. Which time-management principle does she need to learn?
be flexible
Which are examples of deposit-taking financial institutions
credit unions, savings and loan associations, and commercial banks
The goals of the finance function are to ensure profitability and to:
reduce risk
The concept of time management refers to the process of how to:
efficiently use a 24-hour day
when scheduling daily activities, one should always keep in mind that plans may need to change, creating the need for
flexibility
To keep communication flowing with other departments, the finance function depends on:
information systems
The primary purpose of insurance companies is to provide products that help clients
minimize their risk