Business Finance Game 1

It is defined as the management of money and includes activities such as investing, lending, borrowing, budgeting, saving and forecasting.

• Business Finance

• Financial Management

• Finance

• Corporate Finance

It means applying general management principles to financial resources of the enterprise.

• Financial Management

• Finance Management

• Finances Management

The __________ elect the Board of Directors (BOD).

• investors

• shareholders

• traders

• owners

The _____________ is the highest policy making body in a corporation.

The following are the responsibilities of a president except for ONE

• Overseeing the operations of a company

• Representing the company in professional, social, and civic activities.

• Approving company’s strategies, goals and budgets.

• Performing all areas of management

Who is responsible for directing and coordinating company sales?

Who is responsible for identifying adequate and cheap raw material suppliers

Who is responsible for identifying means, processes, or systems that will minimize the operating costs of the company.

A firm can raise funds by the way of assets and debt.

• TRUE

• FALSE

Answer explanation

A firm can raise funds by the way of equity and debt.

Funds should be allocated in such a manner that they are optimally used.

• TRUE

• FALSE