Exam (elaborations)
FIN 310 Midterm Questions And Answers Latest Update
- Module
- FIN 310
- Institution
- American Intercontinental University (AIU)
FIN 310 Midterm Questions And Answers Latest Update
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Solution 2024/2025Pepper
FIN 310 Midterm Questions And Answers
Latest Update
finance ANS✔✔ study of how people allocate resources over time
financial system ANS✔✔ set of markets and other institutions used for
financial contracting and the exchange of assets and risks
5 reasons to study finance ANS✔✔ manage personal resources
deal with world of business
pursue interesting and rewarding career opportunities
make informed public choices as a citizen
expand your mind
4 types of financial decisions ANS✔✔ consumption/ saving
investment
financing
risk-management
asset ANS✔✔ anything that has economic value
asset allocation ANS✔✔ (personal investing) when people choose how to
hold their pool of accumulated savings
, Solution 2024/2025
Pepper
liability ANS✔✔ debt
net worth ANS✔✔ assets - liabilities
financial capital ANS✔✔ stocks, bonds and loans used to finance the
acquisition of physical capital
strategic planning ANS✔✔ 1st step: decide what business a firm wants to be
in
capital budgeting process ANS✔✔ 2nd step: prepare business plan & train
personnel
investment project ANS✔✔ basic unit of analysis in capital structure
decisions
capital structure ANS✔✔ figures out how to finance investment projects
(basic unit of analysis is an entire firm, not a project)
working capital management ANS✔✔ attending to day-to-day financial
affairs of a business
sole proprietorship ANS✔✔ A business owned by one person
assets and liabilities of firm are personal assets/ liabilities of proprietor
*unlimited liability
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