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CHAPTER 18. Financial Management Exam Questions and Answers
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budget - Answer-A financial plan that sets forth management's expectations, and, on the basis of those expectations, allocates the use of specific resources throughout the firm. capital budget - Answer-A budget that highlights a firm's spending plans for major asset purchases that often require ...

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  • August 23, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • chapter 18 financial management exam questions an
  • budget answer a financial plan that sets forth m

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CHAPTER 18. Financial Management
Exam Questions and Answers
budget - Answer-A financial plan that sets forth management's expectations, and, on the
basis of those expectations, allocates the use of specific resources throughout the firm.

capital budget - Answer-A budget that highlights a firm's spending plans for major asset
purchases that often require large sums of money.

capital expenditures - Answer-Major investments in either tangible long-term assets
such as land, buildings, and equipment or intangible assets such as patents,
trademarks, and copyrights.

cash budget - Answer-A budget that estimates cash inflows and outflows during a
particular period like a month or a quarter.

cash flow forecast - Answer-Forecast that predicts the cash inflows and outflows in
future periods, usually months or quarters.

commercial finance companies - Answer-Organizations that make short-term loans to
borrowers who offer tangible assets as collateral.

commercial paper - Answer-Unsecured promissory notes of $100,000 and up that
mature (come due) in 270 days or less.

cost of capital - Answer-The rate of return a company must earn in order to meet the
demands of its lenders and expectations of its equity holders.

debt financing - Answer-Funds raised through various forms of borrowing that must be
repaid.

equity financing - Answer-Money raised from within the firm, from operations or through
the sale of ownership in the firm (stock or venture capital).

factoring - Answer-The process of selling accounts receivable for cash.

finance - Answer-The function in a business that acquires funds for the firm and
manages those funds within the firm.

financial control - Answer-A process in which a firm periodically compares its actual
revenues, costs, and expenses with its budget.

financial management - Answer-The job of managing a firm's resources so it can meet
its goals and objectives.

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