Review - Unit 1 Topics (Business Finance)

The following are the premises of the Finance concept, except

• Investment

• Acquisition

• Planning

• Management

It is anything accepted as a means of paying for goods, and/or paying off the firm's liabilities.

• Cash

• Currency

• Money

• Stocks

Rational financial decisions contribute positively to individuals, businesses and the economy.

• True

• False

Financial deals with the ______ and _______ of economic value or wealth

• maintenance

• utilization

• consumption

• creation

The business owner is responsible for the financial management of a corporation

• True

• False

What is the main task of a financial manager?

• Analyze the financial data provided by the business firm.

• Decide on long-term decisions of the firm.

• Finds ways to raise, allocate, and manage financial resources.

• Create financial statements and analysis reports.

The following are the areas a financial manager must be familiar with, EXCEPT...

• Financial Institutions

• Financial Statements

• Financial Market

• Financial instruments

Type B if the Financial Institution is classified as "banking," otherwise, type NB for "non-banking institutions."

GSIS

Cebuana Lhuillier

Banco de Oro