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WGU D076 Finance Skills for Managers test exam with complete verified solutions.
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WGU D076 Finance Skills for Managers test exam with complete verified solutions.
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(TEST) Finance Skillsfor Managers - D076
with 100% correct
answers
UNIT 2
What are the main services offered by financial
institutions? - answer Accepting a wide variety of
deposits, offering investment products, providing
loans, and brokering financial transactions
(Correct! Financial institutions such as banks,
insurance companies, and mutual fund companies
provide these services.)
What is the main objective of personal financial
goals? - answer To maximize individual utility
(Correct! You set goals and act to increase your
satisfaction or happiness by taking care of
necessities and achieving priorities.)
,Which task does the financial manager of a firm
perform that involves the issuance of new stocks
and bonds? - answer Making financing decisions
(Correct! Once investment decisions are made, a
financial manager considers different possibilities
of financing sources for the investments. This may
include issuing new stocks and bonds.)
Why is understanding the definition of finance
important in managing personal finances? - answer
It helps individuals compare the costs and benefits
of an action to determine whether to take that
action.
(Correct! Any financial decision should make sense
in terms of its costs and benefits.)
In which type of market would a company issue
bonds or stocks for the first time? - answer Primary
market
(Correct! This is the purpose of a primary market.)
Which type of financial institution is a mutual
fund? - answer Investment institution
, (Correct! Investment institutions provide
individuals and firms access to financial markets.)
Which financial institution specializes in managing
and administering retirement funds? - answer
Pension funds
(Correct! Pension funds specialize in retirement
funds.)
Which type of economic indicator is the consumer
price index? - answer Lagging indicator
(Correct! CPI usually changes after the economy as
a whole changes.)
What does the term ethical refer to? - answer The
accepted standards of conduct that guide a
person's behavior
(Correct! Ethical refers to the accepted standards
of conduct that guide a person's behavior.)
A company's officers and board of directors are
selling their stocks in the firm at higher prices due
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