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FIN 701 Module 1.1 – LSUS Exam Questions with Correct Answers
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What is Finance? - Answer-Covers anything to do with the use and management of money. Why do we study finance? (4 reasons) - Answer-1. All businesses functions deal with finance: 2. Managers need to understand the financial health of their firms 3. Departmental budget management 4. You need ...

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  • August 23, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • fin 701 module 11 lsus exam questions with corr
  • what is finance answer covers anything to do wi

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FIN 701 Module 1.1 – LSUS Exam
Questions with Correct Answers
What is Finance? - Answer-Covers anything to do with the use and management of
money.

Why do we study finance? (4 reasons) - Answer-1. All businesses functions deal with
finance:
2. Managers need to understand the financial health of their firms
3. Departmental budget management
4. You need to be able to make the financial argument for the funding of your projects

What are the 3 key financial decisions for a firm? - Answer-1. What long-term
investments should the firm take on? (Capital budgeting)
2. Where will we get the long-term financing to pay for the investment? (Capital
structure)
3. How will we manage the everyday financial activities of the firm? (Working capital)

What is the role of a Chief Financial Officer (CFO)? - Answer-To coordinate the
activities of the treasurer and the controller.

Define a Chief Financial Officer (CFO). - Answer-The top financial manager within a
firm.

Define the Controller. - Answer-Handles cost and financial accounting, taxes, and
information systems.

Define the Treasurer. - Answer-Handles cash management, financial planning, and
capital expenditures.

Define the Financial Manager. - Answer-Concerned with three primary categories of
financial decisions: size, timing, and riskiness of future cash flow.

What is Capital Budgeting? - Answer-Process of planning and managing a firm's
investments in fixed assets.

Define Capital Structure. - Answer-Mix of debt (borrowing) and equity (ownership
interest) used by a firm.

What are the two questions you ask when working with Capital Structure? - Answer-1.
What are the least expensive sources of funds?
2. Is there an optimal mix of debt and equity? When and where should the firm raise
funds?

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