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Fin 101 Exam Questions with Correct Answers
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Finance - Answers-It deals with obtaining the right amount of money from the right sources at the right time, where "right" is determined by how the amounts, sources, and times affect the value of the individual or organization. Corporation - Answers-This state-created entity is authorized to co...

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  • February 13, 2024
  • 4
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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  • fin 101 exam questions with correct answers
  • finance answers it deals with obtaining the righ

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  • FIN
  • FIN

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Fin 101 Exam Questions with Correct Answers
Finance - Answers-It deals with obtaining the right amount of money from the right sources at the right time, where "right" is determined by how the amounts, sources, and times affect the value of the individual or organization.
Corporation - Answers-This state-created entity is authorized to conduct business and offer its owners an investment with an unlimited life.
Treasurer - Answers-In larger organizations, this officeholder supervises the firm's credit
and inventory managers, as well as the director of capital budgeting, and reports to the firm's chief financial officer.
Limited liability - Answers-This attribute of the corporate form of organization limits an owner's potential losses to the purchase price of the owner's shares.
Business ethics - Answers-This code of behavior specifies how the firm and its employees will treat employees and stakeholders.
Limited partner - Answers-This member of a partnership has the privilege of not having personal assets at risk in the event of the failure of the partnership.
Double taxation of dividends - Answers-The U.S. Internal Revenue Service taxes the taxable income of corporations as well as the taxable investment income of the firms' shareholders.
Shareholder wealth maximization - Answers-This goal of financial management is superior to other possible goals, since it considers the timing and risks associated with the cash flows expected from management's decisions.
Stakeholder - Answers-This term describes individuals and groups, both internal and external to the company, whose support is critical to the success of the organization.
Value - Answers-This is the worth of a good or service as established by the discounted
and current value of the item's cash flows.
The chief financial officer in a company is responsible for which of the following departments?
Credit
Production
Administration
Credit - Answers-Credit

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