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D076 Finance Skills for Managers WGU Exam Questions and Complete Solutions Graded A+
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D076 Finance Skills for Managers WGU Exam Questions and Complete Solutions Graded A+
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D076 Finance Skills forManagers WGU Exam
Questions and Complete
Solutions Graded A+
What is finance? - Answer: the study of how we allocate our assets over time in a risky world. (Future
focuses)
What is accounting? - Answer: System of recording, reporting, and summarizing past financial
information and transactions.
What is Capital? - Answer: money or wealth used to invest in business or enterprise.
The 3 areas of Finance - Answer: corporate finance, investments, institutions
Business Finance - Answer: An area of finance that deals with sources of funding, the capital structure of
corporations, the actions that managers take to increase the value of the firm to its owners, and the
tools and analysis used to allocate financial resources.
Investments - Answer: the action or process of investing money for profit or material result.
Asset Pricing - Answer: The process of valuing assets.
What is the primary aim of personal finances goals? - Answer: To maximize satisfaction from products
purchased and services obtained.
, Utility - Answer: Ability or capacity of a good or service to be useful and give satisfaction to someone.
What is the goal of the financial manager? - Answer: to maximize the wealth of the owners, the
stockholders
Publicly traded firms - Answer: Firms that have issued shares to the public.
Privately held companies - Answer: Firms that have not issued shares to the public where the ownership
rights are privately held.
What main tasks a financial manager of a firm does in order to achieve the goal of the firm? - Answer:
Making investment decisions, making financial decisions, and managing working capital.
Research Development - Answer: The business function responsible for improving and developing
services and products.
Making Financing Decisions for investments - Answer: If the investments are large, the firm may need to
issue new stocks(equity) or new bonds(debt) to raise capital to finance them.
Corporate Finance - Answer: The finance function within a business. One of the three main areas of
finance.
Financial Analysis - Answer: Evaluating an organization's financial statements to determine the
profitability of the organization, a division within the organization or a specific event or project.
Cash Management - Answer: Managing the day-to-day finance operations of a firm.
Tax Strategies - Answer: Methods used to minimize the amount of taxes a business pays.
Financial Policy Implementation - Answer: Incorporating new finance ideas within a firm.
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