Financial Planning I Unit 1

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The goals of the finance function are to ensure profitability and to:

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reduce risks.

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NCCTE.2020.BF21.01.03

Front

Which is a way that businesses can use financial information? Options: to identify trends, to conduct focus groups, to select selling strategies, to create an economic system

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to identify trends

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NCCTE.2020.BF21.01.02

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Beau is stressed out because he agreed to take on three new clients when his calendar is already full. Which time-management principle does he need to learn?

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be realistic in accepting responsibility for work

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NCCTE.2020.BF21.01.01

Front

Which is the most likely reason for faster-than-average employment growth of financial analysts and personal financial advisors? Options: The U.S. population is worse off financially than before., Globalization of the securities markets makes investing more complicated., The U.S. population likes to use the internet to handle their financial issues., Financial analysts and personal financial advisors do not need a college degree.

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Globalization of the securities markets makes investing more complicated.

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NCCTE.2020.BF21.01.05

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When Alana prepares a report so that all financial data is clearly disclosed, she is ensuring that the information is:

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transparent.

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NCCTE.2020.BF21.01.02

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To keep communication flowing with other departments, the finance function depends on: marketing, production, accounts receivable, information systems.

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information systems.

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NCCTE.2020.BF21.01.03

Front

One of the roles of ethics in finance is to encourage business employees to:

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make the right decisions.

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NCCTE.2020.BF21.01.03

Front

Which is an example of a non-deposit financial institution? Options: credit union, mortgage bank, commercial bank, mutual savings bank

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mortgage bank

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NCCTE.2020.BF21.01.04

Front

When return on capital is positive, the company is most likely: losing value., low on cash., growing in value., paying out dividends.

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growing in value.

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NCCTE.2020.BF21.01.03

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When scheduling daily activities, one should always keep in mind that plans may need to change, creating the need for:

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flexibility.

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NCCTE.2020.BF21.01.01