BE Obj. 4.01-03 Practice Questions

Front

Finance is the business function that involves managing

Back

money

Front

The goals of the finance function are to ensure profitability and

Back

reduce risks

Front

Accounting is distinct from finance because its main focus is on

Back

recordkeeping activities

Front

Money the business owes is known as

Back

accounts payable

Front

Money the business owed is known as

Back

accounts receivable

Front

To keep communication flowing with other departments, the finance function depends on

Back

information systems

Front

Determining which projects a business should invest in is known as

Back

capital budgeting

Front

Selling shares in the company to raise money for a new venture is referred to as ___________ funding.

Back

equity

Front

The cash conversion cycle should be

Back

as short as possible

Front

The operations function consists mainly of activities that are performed on a __________ basis.

Back

daily