1.01 Time Management
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?
a. be flexible
b. get enough sleep
c. plan meetings wisely
d. know when and how you work best
a. be flexible
A manager is most likely to use financial information when:
a. establishing lines of authority within an organization.
b. researching the demographics of a new target market.
c. determining resources available to fund a new project.
d. calculating the number of on-the-job injuries in the past year.
c. determining resources available to fund a new project.
The goals of the finance function are to ensure profitability and to:
a. reduce risks.
b. advertise products.
c. give out information.
d. manufacture raw materials.
a. reduce risks
To keep communication flowing with other departments, the finance function depends on:
a. marketing.
b. production.
c. accounts receivable.
d. information systems.
d. information systems.
The primary purpose of insurance companies is to provide products that help clients:
a. minimize their risk.
b. reduce their assets.
c. increase their profitability.
d. strengthen their investments.
a. minimize their risk.
What effect does the demand of time have on the supply of time available?
a. The supply of time increases.
b. The supply of time decreases.
c. The supply of time stays the same.
d. The supply of time matches time demanded.
c. The supply of time stays the same.
When Alana prepares a report so that all financial data is clearly disclosed, she is ensuring that the information is:
a. flexible.
b. relevant.
c. timely.
d. transparent.
d. transparent.
Which is a measure of how well a business generates cash flow?
a. accounts receivable
b. accounts payable
c. capital structure
d. return on capital
d. return on capital
An amount of money that a business owes to someone else is referred to as:
a. equity.
b. an asset.
c. accounts payable.
d. accounts receivable.
c. accounts payable.
Commercial banks and brokerage firms are examples of:
a. legislative groups.
b. insurance institutions.
c. nonprofit organizations.
d. financial intermediaries.
d. financial intermediaries.
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?
a. get enough sleep
b. focus on goals, not on tasks
c. divide large projects into smaller parts
d. be realistic in accepting responsibility for work
d. be realistic in accepting responsibility for work
Which is a way that businesses can use financial information?
a. to identify trends
b. to conduct focus groups
c. to select selling strategies
d. to create an economic system
a. to identify trends
Determining which projects a business should invest in is known as:
a. return on capital.
b. capital budgeting.
c. capital structuring.
d. the cash conversion cycle.
b. capital budgeting.
The finance function ensures that the company's financial goals are:
a. easy to accomplish.
b. related to product development.
c. in line with organizational priorities.
d. acceptable to the marketing department.
c. in line with organizational priorities.
Which are examples of deposit-taking financial institutions?
a. commercial banks, credit unions, and brokerages
b. commercial banks, corporations, and mutual savings banks
c. credit unions, savings and loan associations, and commercial banks
d. savings and loan associations, mutual savings banks, and insurance firms
c. credit unions, savings and loan associations, and commercial banks
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?
a. delegating activities
b. standardizing tasks
c. setting objectives
d. procrastinating
a. delegating activities
Which is the most likely reason for faster-than-average employment growth of financial analysts and personal financial advisors?
a. The U.S. population is worse off financially than before.
b. Globalization of the securities markets makes investing more complicated.
c. The U.S. population likes to use the internet to handle their financial issues.
d. Financial analysts and personal financial advisors do not need a college degree.
b. Globalization of the securities markets makes investing more complicated.
When return on capital is positive, the company is most likely:
a. losing value.
b. low on cash.
c. growing in value.
d. paying out dividends.
c. growing in value.
What do many businesses develop to encourage ethical behavior in finance?
a. penalties
b. punishments
c. sanctions
d. standards
d. standards
Thad is investing in a money market, which buys and sells products such as:
a. technology.
b. treasury bills.
c. shares of stock.
d. agricultural goods.
b. treasury bills.
The concept of time management refers to the process of how to:
a. use a calendar.
b. keep a time log.
c. organize belongings.
d. efficiently use a 24-hour day.
d. efficiently use a 24-hour day.
Which reason is invalid for the faster-than-average employment growth of financial analysts and personal financial advisors?
a. Generally speaking, the U.S. population is better educated.
b. Globalization of the securities markets makes investing more complicated.
c. A large segment of the population, namely baby boomers, is facing retirement.
d. Generally speaking, the U.S. population is in a worse financial state than before.
d. Generally speaking, the U.S. population is in a worse financial state than before.
Finance is the business function that involves managing:
a. information.
b. marketing.
c. money.
d. production.
c. money.
One of the roles of ethics in finance is to encourage business employees to:
a. prepare operating budgets.
b. increase company profits.
c. make the right decisions.
d. sell to customers.
c. make the right decisions.
An institution that combines the elements of a bureaucracy with those of a private company is called a:
a. private company.
b. semi-government.
c. franchise business.
d. government institution.
b. semi-government.