WGU - D076 Glossary Exam Study Guide.
Accounting - answerThe system of recording, reporting, and summarizing past financial
information and transactions.
Accounts Receivable Turnover (AR Turnover) - answerAn activity ratio found by credit sales
divided by accounts receivable.
Activity Ratios -...
Benchmarking - answer✔The process of completing a financial analysis to compare a firm's
financial performance to that of other similar firms.
Beta - answer✔A variable that describes how the price of a security varies with the market.
Bid-ask Spread - answer✔The difference between the bid and ask prices that compensate the
specialist for the risk that he or she bears for willingness to provide liquidity.
Board of Directors - answer✔A group of people who jointly supervise the activities of an
organization.
Bond Indenture - answer✔A legal contract that governs the relationship between a firm and its
bondholders.
Bondholders - answer✔A person who loans a corporation money by buying debt securities.
Business Finance - answer✔An area of finance that deals with sources of funding, the capital
structure of corporations, the actions that managers take to increase the value of the firm to its
owners, and the tools and analysis used to allocate financial resources.
Cannibalization - answer✔The reduction in sales of a company's own products due to
introduction of another similar product.
Capital - answer✔A financial asset that can be used by a firm or individual. Examples of capital
may be machinery or cash held by a firm.
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