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Duplicate of BF21 - 1.00: Understand the basics of finance Flashcards | StudBud
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Duplicate of BF21 - 1.00: Understand the basics of finance
Duplicate of 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
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Answers
1
Which is an example of a non-deposit financial institution?
credit union
mortgage bank
mutual savings bank
commercial bank
2
A manager is most likely to use financial information when:
researching the demographics of a new target market
calculating the number of on-the-job injuries in this year
establishing lines of authority within an organization
determining resources available to fund a new project
3
She lacks the time to prepare employee schedules & assigns this duty to others. This is …
setting objectives
standardizing tasks
procrastinating
delegating activities
4
One of the roles of ethics in finance is to encourage business employees to:
increase company profits
prepare operating budgets
sell to customers
make the right decisions
5
Determining which projects a business should invest in is known as:
the cash conversion cycle
capital structuring
return on capital
capital budgeting
6
Commercial banks and brokerage firms are examples of:
nonprofit organizations
legislative groups
insurance institutions
financial intermediaries
7
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 stays the same
The supply of time decreases
The supply of time increases
8
Which is a way that businesses can use financial information?
to identify trends
to create an economic system
to select selling strategies
to conduct focus groups
9
The goals of the finance function are to ensure profitability and to:
reduce risks
manufacture raw materials.
advertise products
give out information
10
Thad is investing in a money market, which buys and sells products such as:
treasury bills
shares of stock
agricultural goods
technology
11
When return on capital is positive, the company is most likely:
losing value
growing in value
low on cash
paying out dividends
12
The finance function ensures that the company's financial goals are:
easy to accomplish
in line with organizational priorities
acceptable to the marketing department
related to product development
13
Finance is the business function that involves managing:
production
information
money
marketing
14
When scheduling activities, keep in mind that plans may need to change, creating the need for:
appointments
flexibility
activities
assignments
15
Which are examples of deposit-taking financial institutions?
commercial banks, corporations, mutual savings banks
commercial banks, credit unions, brokerages
savings & loan, mutual savings banks, insurance firms
credit unions, savings & loan associations, commercial banks
16
Which is a measure of how well a business generates cash flow?
accounts receivable
accounts payable
return on capital
capital structure
17
If stressed out because of new clients when his calendar is already full, he needs to learn…
get enough sleep
divide large projects into smaller parts
focus on goals, not on tasks
be realistic in accepting responsibility for work
18
The primary purpose of insurance companies is to provide products that help clients:
reduce their assets.
minimize their risk
increase their profitability
strengthen their investments
19
An amount of money that a business owes to someone else is referred to as:
accounts receivable
an asset
accounts payable.
equity
20
The concept of time management refers to the process of how to:
efficiently use a 24-hour day
keep a time log
organize belongings.
use a calendar
21
Which reason is invalid for employment growth of financial analysts & personal fin. advisors?
Generally speaking, the U.S. population is worse financially
Securities market Globalization makes investing more complex
A large segment of the population (baby boomers) is retiring
Generally speaking, the U.S. population is better educated.
22
___ combines the elements of a bureaucracy with those of a private company
government institution
semi-government
private company
franchise business
23
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
how to delegate all work responsibilities
time management
24
She is upset because her boss switched her to another account at the last minute.
She needs to learn flexibility
She needs to learn to get enough sleep
She needs to learn to plan meetings wisely
She needs to learn to know when and how she works best
25
Which activities should be excluded from a daily to-do list?
activities previously planned for the day
new activities that must be completed the next day
required activities from the master calendar
activities that must be done next month
26
The most likely reason for fast employment growth of fin. analysts & personal fin. advisors is
Securities markets globalization made investing more complex
The U.S. population is worse off financially than before.
U.S. population uses the internet to handle financial issues
Financial analysts and advisors do not need a college degree
27
What do many businesses develop to encourage ethical behavior in finance?
sanctions
punishments
penalties
standards
28
To keep communication flowing with other departments, the finance function depends on:
production
accounts receivable
marketing
information systems
29
When she prepares a report so all financial data is clearly disclosed, she is …
ensuring that the information is flexible
ensuring that the information is transparent
ensuring that the information is timely
ensuring that the information is relevant
