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BF21 - 1.00: Understand the basics of finance Flashcards | StudBud
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BF21 - 1.00: Understand the basics of finance
BF21 - 1.00: Understand the basics of finance
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BF 21 Financial Planning I 1.00: Understand the basics of finance
Flashcards
29 cards
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Questions
29
Answers
1
Which is an example of a non-deposit financial institution?
credit union
commercial bank
mortgage bank
mutual savings bank
2
If an employee works a full day, but never seems to complete any tasks, he needs to focus on:
observing the methods of others for getting work done
worrying more about the job
time management
how to delegate all work responsibilities
3
Which is a measure of how well a business generates cash flow?
capital structure
accounts receivable
return on capital
accounts payable
4
The primary purpose of insurance companies is to provide products that help clients:
strengthen their investments
increase their profitability
reduce their assets.
minimize their risk
5
A manager is most likely to use financial information when:
researching the demographics of a new target market
establishing lines of authority within an organization
determining resources available to fund a new project
calculating the number of on-the-job injuries in this year
6
Which activities should be excluded from a daily to-do list?
new activities that must be completed the next day
activities previously planned for the day
activities that must be done next month
required activities from the master calendar
7
Finance is the business function that involves managing:
production
money
information
marketing
8
The goals of the finance function are to ensure profitability and to:
advertise products
give out information
manufacture raw materials.
reduce risks
9
The concept of time management refers to the process of how to:
organize belongings.
keep a time log
efficiently use a 24-hour day
use a calendar
10
___ combines the elements of a bureaucracy with those of a private company
franchise business
private company
semi-government
government institution
11
If stressed out because of new clients when his calendar is already full, he needs to learn…
be realistic in accepting responsibility for work
get enough sleep
divide large projects into smaller parts
focus on goals, not on tasks
12
When she prepares a report so all financial data is clearly disclosed, she is …
ensuring that the information is timely
ensuring that the information is relevant
ensuring that the information is flexible
ensuring that the information is transparent
13
She is upset because her boss switched her to another account at the last minute.
She needs to learn to get enough sleep
She needs to learn to plan meetings wisely
She needs to learn flexibility
She needs to learn to know when and how she works best
14
What effect does the demand of time have on the supply of time available?
The supply of time matches time demanded
The supply of time decreases
The supply of time stays the same
The supply of time increases
15
The finance function ensures that the company's financial goals are:
related to product development
in line with organizational priorities
acceptable to the marketing department
easy to accomplish
16
To keep communication flowing with other departments, the finance function depends on:
production
marketing
accounts receivable
information systems
17
Which reason is invalid for employment growth of financial analysts & personal fin. advisors?
A large segment of the population (baby boomers) is retiring
Generally speaking, the U.S. population is better educated.
Securities market Globalization makes investing more complex
Generally speaking, the U.S. population is worse financially
18
She lacks the time to prepare employee schedules & assigns this duty to others. This is …
procrastinating
standardizing tasks
setting objectives
delegating activities
19
When return on capital is positive, the company is most likely:
growing in value
low on cash
paying out dividends
losing value
20
An amount of money that a business owes to someone else is referred to as:
accounts receivable
equity
an asset
accounts payable.
21
What do many businesses develop to encourage ethical behavior in finance?
penalties
sanctions
standards
punishments
22
Determining which projects a business should invest in is known as:
the cash conversion cycle
return on capital
capital budgeting
capital structuring
23
When scheduling activities, keep in mind that plans may need to change, creating the need for:
appointments
assignments
flexibility
activities
24
Thad is investing in a money market, which buys and sells products such as:
agricultural goods
shares of stock
treasury bills
technology
25
Which are examples of deposit-taking financial institutions?
savings & loan, mutual savings banks, insurance firms
commercial banks, corporations, mutual savings banks
commercial banks, credit unions, brokerages
credit unions, savings & loan associations, commercial banks
26
Commercial banks and brokerage firms are examples of:
insurance institutions
financial intermediaries
legislative groups
nonprofit organizations
27
Which is a way that businesses can use financial information?
to select selling strategies
to create an economic system
to conduct focus groups
to identify trends
28
The most likely reason for fast employment growth of fin. analysts & personal fin. advisors is
U.S. population uses the internet to handle financial issues
The U.S. population is worse off financially than before.
Securities markets globalization made investing more complex
Financial analysts and advisors do not need a college degree
29
One of the roles of ethics in finance is to encourage business employees to:
make the right decisions
increase company profits
prepare operating budgets
sell to customers
