Exam (elaborations)
WGU C708 FINANCE V4 PRE-ASSESSMENT EXAM 2024/2025
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WGU C708 FINANCE V4 PRE-ASSESSMENT EXAM 2024/2025
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WGU C708 FINANCE V4 PRE-ASSESSMENT EXAM 2024/2025
Which activity is financial management responsible for? - Precise
Answer ✔✔Ensuring sufficient financing is available
What is one of the main areas of the financial environment? - Precise
Answer ✔✔Investments
What is a common challenge in the world of finance? - Precise Answer
✔✔It generally operates with a high degree of uncertainty
Which variable must be considered when a corporation's finance
department is determining the best strategy for financing a project? -
Precise Answer ✔✔The amount of debt and equity financing currently
in use
An individual is interested in establishing a lawn care business as a sole
proprietorship. What will be a disadvantage of choosing this business
model? - Precise Answer ✔✔Unlimited liability
What is one benefit of a sole proprietorship? - Precise Answer ✔✔The
owner has uninterrupted control of the business.
, What is a disadvantage of a general partnership? - Precise Answer
✔✔Owners' personal assets are not protected against claims of creditors.
What is one advantage of an LLC? - Precise Answer ✔✔Limited
personal liability
What is an example of a potential principal-agent problem? - Precise
Answer ✔✔Corporate executives buying other companies to expand
their influence
An individual decides to sell corporate bonds to another investor. Which
type of financial market or institution would be involved in this
transaction? - Precise Answer ✔✔Retail securities firm
A firm wants to sell new shares of stock. Which other institution is
involved in this type of transaction? - Precise Answer ✔✔Investment
banking firm
A partnership needs funds to purchase technology equipment. It will be
able to repay those funds in under a year's time. Which organization
should the partnership contact to obtain the needed funds? - Precise
Answer ✔✔Retail bank
Which type of transactions do financial institutions deal with? - Precise
Answer ✔✔Deposits
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