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 More test answers on https://studyhippo.com/personal-finance-reading-check-1/

Which of the following terms applies to intellectually demanding tasks such as managing finances and paying bills?

Instrumental activities of daily living More test answers on https://studyhippo.com/lifespan-chapter-17-and-18/

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. More test answers on https://studyhippo.com/foundations-of-financial-mgmt-ch-8-2/

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 More test answers on https://studyhippo.com/exam-1-practice-questions/

A financial executive devotes the most time to what aspect of finance?

working capital management More test answers on https://studyhippo.com/finance-ch-6/

10) Physical capital is purchased through investment spending, which in turn is mostly financed out of:

domestic and foreign savings. More test answers on https://studyhippo.com/econ-exam-3-54851/

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 More test answers on https://studyhippo.com/intro-to-business-5/

What types of assets should be financed with long-term financing?

Fixed assets and permanent current assets More test answers on https://studyhippo.com/finance-ch-6/

How was transcontinental railroad financed?

Privately- but not until Congress passed legistlation to finance it More test answers on https://studyhippo.com/big-business-apush-test/

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 More test answers on https://studyhippo.com/chapter-1-introduction-to-healthcare-finance-chapter-2-healthcare-business-basics/

Home Page Social Science Economics Finance Page 14

Finance Flashcards, test questions and answers

Discover flashcards, test exam answers, and assignments to help you learn more about Finance and other subjects. Don’t miss the chance to use them for more effective college education. Use our database of questions and answers on Finance and get quick solutions for your test.

What is Finance?

Finance is an important part of any business. It enables businesses to grow and develop, by managing resources and planning for the future. Without finance, a business would struggle to stay afloat or even get off the ground in the first place. There are many aspects of finance that must be understood in order to effectively manage it within a business.First off, financial literacy is key when it comes to making decisions about money. Businesses need people who understand how money works and can make informed decisions regarding investments and spending. Financial literacy also means being able to read financial statements properly so that one can accurately assess their finances and make better decisions going forward.Second, businesses need to have plans in place for dealing with unexpected expenses or emergencies such as natural disasters or economic downturns. Having a plan will help ensure that sufficient funds are available when needed so that operations remain unaffected during these times of crisis. Thirdly, cash flow management is essential for success when operating a business as it ensures there is always enough money coming into the company from sales or investments in order to pay expenses on time without incurring debt or running out of working capital too quickly. Cash flow forecasting techniques allow companies to proactively plan ahead and make sure they’re prepared for any situation that may arise down the line like slower sales months due to seasonal trends or increased competition from other firms in the same market space. Finally, budgeting should be done regularly every year in order for companies to properly allocate their resources among different departments within their organization efficiently while still staying within projected revenues/expenses limits based on past performance data collected over time through financial reporting systems like QuickBooks or Xero accounting software solutions used by most small-to-medium sized enterprises today.. This allows them not only save costs but also plan ahead strategically with regards long term goals like new product launches.