Money Matters LAP Questions 1-10
Finance is the business function that involves managing...
Money
Money the business owes is known as...
accounts payable
Money owed to the business is known as....
accounts receivable
Decisions about financing refer to the...
acquisition of funds
The finance function ensures that the company's financial goals are...
in line with organizational priorities
To keep communication flowing with other departments, the finance function depends on...
information systems
The administration of assets refers to decisions about...
investments
How does the finance function relate to company spending?
it plans and controls spending
Accounting is distinct from finance because its main focus is on...
record-keeping activities
The goals of the finance function are to ensure profitability and to...
reduce risks
