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While you are still working, you should be managing your finances for retirement planning. Which of the following is not a goal of your retirement planning?
effectively passing wealth on to heirs
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Which of the following terms applies to intellectually demanding tasks such as managing finances and paying bills?
Instrumental activities of daily living
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Trade credit may be used to finance a major part of the firm’s working capital when
the firm extends less liberal credit terms than the supplier.
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What are the three basic types of decisions addressed by the study of finance?
Capital budgeting decisions, capital structure decisions, and working capital management decisions
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A financial executive devotes the most time to what aspect of finance?
working capital management
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10) Physical capital is purchased through investment spending, which in turn is mostly financed out of:
domestic and foreign savings.
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When the finance department aims for a 3 percent increase in return on investment in three years, what type of goal is the organization setting?
a. a long-term goal b. a tactical goal c. a short-term goal dd. an intermediate goal e. an organizational goal
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What types of assets should be financed with long-term financing?
Fixed assets and permanent current assets
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How was transcontinental railroad financed?
Privately- but not until Congress passed legistlation to finance it
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What is the primary role of finance within health services?
to plan for, acquire, and utilize resources to maximize the efficient and value of the organization
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