1.01
Beau is stressed out because he agreed to take on three new clients when his calendar is already full. Which time-management principle does he need to learn?
be realistic in accepting responsibility for work
When Alana prepares a report so that all financial data is clearly disclosed, she is ensuring that the information is:
transparent.
The goals of the finance function are to ensure profitability and to
reduce risks.
Which is an example of a non-deposit financial institution?
mortgage bank
Which is a measure of how well a business generates cash flow?
return on capital
Julie, a newly promoted manager, lacks the time to properly prepare employee work schedules and assigns this duty to the assistant manager. Which time management technique is Julie using?
delegating activities
Which is a way that businesses can use financial information?
to identify trends
To keep communication flowing with other departments, the finance function depends on:
information systems
An institution that combines the elements of a bureaucracy with those of a private company is called a:
semi-government
Finance is the business function that involves managing:
money
When scheduling daily activities, one should always keep in mind that plans may need to change, creating the need for:
flexibility
A manager is most likely to use financial information when:
determining resources available to fund a new project
One of the roles of ethics in finance is to encourage business employees to:
make the right decisions
Commercial banks and brokerage firms are examples of:
financial intermediaries
Determining which projects a business should invest in is known as:
capital budgeting.
Natalia is upset because she was supposed to work on a certain account today, but her boss switched her to another account at the last minute. Which time-management principle would benefit Natalia?
be flexible
Which is the most likely reason for faster-than-average employment growth of financial analysts and personal financial advisors?
Globalization of the securities markets makes investing more complicated.
When return on capital is positive, the company is most likely:
growing in value
Which are examples of deposit-taking financial institutions?
credit unions, savings and loan associations, and commercial banks
Thad is investing in a money market, which buys and sells products such as:
treasury bills
Which activities should be excluded from a daily to-do list?
activities that must be done next month
Which reason is invalid for the faster-than-average employment growth of financial analysts and personal financial advisors?
Generally speaking, the U.S. population is in a worse financial state than before
An amount of money that a business owes to someone else is referred to as:
accounts payable
The primary purpose of insurance companies is to provide products that help clients:
minimize their risk
The finance function ensures that the company's financial goals are:
in line with organizational priorities