WGU C708 PRINCIPLES OF FINANCE 2024 VERIFIED QUESTIONS AND ANSWERS
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Course
WGU C708
Institution
WGU C708
1. The credit manager for a company is responsible for setting the company's credit policy regarding availability and limits for customers. What is one of the additional responsibilities of this credit manager?
A. Purchasing insurance
B. Collecting past-due accounts
C. Monitoring accounts ...
WGU C708 PRINCIPLES OF FINANCE 2024 VERIFIED
QUESTIONS AND ANSWERS
1. The credit manager for a company is responsible for setting the company's
credit policy regarding availability and limits for customers. What is one of
the additional responsibilities of this credit manager?
A. Purchasing insurance
B. Collecting past-due accounts
C. Monitoring accounts payable
D. Investing excess cash - CORRECT ANSWER B. Collecting past-due
accounts
2. Which activity is financial management responsible for?
A. Researching different products to bring to market
B. Reporting past earnings for shares of stock
C. Ensuring sufficient financing is available
,WGU C708 PRINCIPLES OF FINANCE 2024 VERIFIED
QUESTIONS AND ANSWERS
D. Verifying the balance sheet is properly constructed - CORRECT
ANSWER C. Ensuring sufficient financing is available
3. What is one of the main areas of the financial environment?
A. Human resources
B. Marketing
C. Investments
D. Foreign relations - CORRECT ANSWER C. Investments
4. What is a common challenge in the world of finance?
A. It causes investor anxiety due to a volatile stock market
B. It generally operates with a high degree of uncertainty
,WGU C708 PRINCIPLES OF FINANCE 2024 VERIFIED
QUESTIONS AND ANSWERS
C. It is difficult to abide by generally accepted accounting principles. (GAAP)
D. It has to comply with banking regulations that are subject to change -
CORRECT ANSWER B. It generally operates with a high degree of
uncertainty
5. Which variable must be considered when a corporation's finance
department is determining the best strategy for financing a project?
A. The amount of trade credit from suppliers for the project
B. Recent changes to the federal funds rate
C. The bid-ask spread for the company's stock
D. The amount of debt and equity financing currently in use - CORRECT
ANSWER D. The amount of debt and equity financing currently in use
, WGU C708 PRINCIPLES OF FINANCE 2024 VERIFIED
QUESTIONS AND ANSWERS
6. An individual is interested in establishing a lawn care business as a sole
proprietorship. What will be a disadvantage of choosing this business model?
A. Frozen investments
B. Unlimited liability
C. Government regulations
D. Management disagreements - CORRECT ANSWER B. Unlimited
liability
7. What is one benefit of a sole proprietorship?
A. The owner has uninterrupted control of the business
B. The company can continue to exist with the death of the owner
C. The business is taxed separately from the owner's personal taxes
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