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FIN 201 Exam 1 Actual Questions And Correct Detailed Answers Graded A+. $13.59   Add to cart

Exam (elaborations)

FIN 201 Exam 1 Actual Questions And Correct Detailed Answers Graded A+.

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What are the 3 sub-specialties within finance? - correct answer - Corporate finance - Investments - Institutions Corporate finance - correct answer - Goal is to maximize shareholder wealth for publicly traded forms or to...

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  • September 7, 2024
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FIN 201 Exam 1

What are the 3 sub-specialties within finance? - correct answer - Corporate finance

- Investments

- Institutions



Corporate finance - correct answer - Goal is to maximize shareholder wealth for
publicly traded forms or to maximize owner wealth for privately held companies

- A financial manager works towards this goal by managing the investing and financing functions of a
firm



Investments - correct answer - One of the three main area of finance

- Involves choosing which assets to invest in



401(K) - correct answer A tax-sheltered retirement plan offered by some employers



Accounting - correct answer The business function responsible for creating the
historical financial statements



Asset manager - correct answer A professional who makes a living managing a
portfolio of assets



Asset pricing - correct answer The process of valuing assets



Business finance - correct answer Another word for corporate finance



Capital budgeting anaysis - correct answer The process of deciding what assets to
buy

, Cash management - correct answer Managing the day-to-day finance operations of
a firm



Certified financial planner - correct answer A professional who has passed he CFP
examination



Chief Financial Officer - correct answer The highest ranking corporate finance officer
in a firm



Commercial bank - correct answer A bank that focuses mostly on mid to large sized
companies



Company/industry analysts - correct answer Professionals who produce reports on
specific firms and industries



Consumer bank - correct answer A bank that focuses mostly on individuals, families,
and small businesses



Consumer insurance - correct answer Life and property insurance



Corporate finance - correct answer The finance function within a business



Corporate insurance - correct answer Insurance sold to a business



Cost of capital - correct answer How much it costs the firm to finance its operations
through debt and/or equity



CPA - correct answer Certified Public Accountant



Credit analyst - correct answer A bank position which involves deciding who
qualifies for a loan and who does not

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