FIN 201 Exam 1 Actual Questions And Correct Detailed Answers Graded A+.
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Course
FIN.
Institution
FIN.
What are the 3 sub-specialties within finance? - correct answer - Corporate finance
- Investments
- Institutions
Corporate finance - correct answer - Goal is to maximize shareholder wealth for publicly traded forms or to...
What are the 3 sub-specialties within finance? - correct answer - Corporate finance
- Investments
- Institutions
Corporate finance - correct answer - Goal is to maximize shareholder wealth for
publicly traded forms or to maximize owner wealth for privately held companies
- A financial manager works towards this goal by managing the investing and financing functions of a
firm
Investments - correct answer - One of the three main area of finance
- Involves choosing which assets to invest in
401(K) - correct answer A tax-sheltered retirement plan offered by some employers
Accounting - correct answer The business function responsible for creating the
historical financial statements
Asset manager - correct answer A professional who makes a living managing a
portfolio of assets
Asset pricing - correct answer The process of valuing assets
Business finance - correct answer Another word for corporate finance
Capital budgeting anaysis - correct answer The process of deciding what assets to
buy
, Cash management - correct answer Managing the day-to-day finance operations of
a firm
Certified financial planner - correct answer A professional who has passed he CFP
examination
Chief Financial Officer - correct answer The highest ranking corporate finance officer
in a firm
Commercial bank - correct answer A bank that focuses mostly on mid to large sized
companies
Company/industry analysts - correct answer Professionals who produce reports on
specific firms and industries
Consumer bank - correct answer A bank that focuses mostly on individuals, families,
and small businesses
Consumer insurance - correct answer Life and property insurance
Corporate finance - correct answer The finance function within a business
Corporate insurance - correct answer Insurance sold to a business
Cost of capital - correct answer How much it costs the firm to finance its operations
through debt and/or equity
CPA - correct answer Certified Public Accountant
Credit analyst - correct answer A bank position which involves deciding who
qualifies for a loan and who does not
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