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Exam 17: Financial Management Appendix C Managing Risk

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Question 91

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The first step in financial planning is to develop a budget to better control costs.

A) True
B) False

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Question 92

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In large corporations,the board of directors is normally involved in decisions regarding long-term financing.

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B) False

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Question 93

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Investors and entrepreneurs should have an understanding of financial issues.

The capital budget is the most detailed and most used budget a firm prepares.

The costs to a retailer of accepting credit cards are generally greater than the benefits provided.

Financial managers are responsible for controlling cash flows.

Capital expenditures are major investments in long-term assets such as equipment,and trademarks.

A cash flow forecast provides managers with an estimate of the profit potential of different strategic plans.

What is financial management? Identify the duties and responsibilities of financial managers.

are assets that are often pledged by businesses as collateral for a loan.

Sarah intends to major in finance and find employment in corporate financial management.As a finance major,Sarah will discover her ______courses to be similar to her finance classes.

Acquiring funds through borrowing represents:

Inadequate control of expenses represents a common financial problem that contributes to business failures.

Acquiring sufficient funds to meet the operational needs of an organization represents a responsibility of financial management.

Venture capital is money that is invested in new or emerging companies that are perceived as having great profit potential.

Finance is most closely related to:

A budget reflects management's expectations for revenues and required resources.

Money has a time value because:

Corporations that issue debenture bonds are required to provide collateral.

A firm negotiates a(n) ______with its bank so the firm will have access to a specified amount of unsecured short-term funds,provided the bank has the funds available.