Financial managment - Study guides, Class notes & Summaries

Virginia Life, Annuity, and Health Part One Latest Version Already Passed Loss decline in value of a person or thing Risk uncertainty regarding the occurrence of a loss Pure risk possibility of loss or no loss (INSURABLE) Speculative risk possibility of loss, but also chance for profit (NOT INSURABLE) Peril anything that gives rise to a loss - direct cause of financial loss (when a house burns, fire is the peril) Hazard increases the likelihood or severity of a peril Metho...

Forest (FAO) correct answers -an area of land dominated by tree vegetation -an area more than 0.5 ha -tree more than 5m -canopy cover over 10% Forest (Ahston) correct answers A collection of forest stands and non forested ecosystems administered as a single management unit managment correct answers exerting purposeful influence on something with intent to achieve a desired objective Primary spatial scales correct answers 1. tree 2. stand 3. landscape level forest management corr...

CFCI Study Guide 2024 with Complete Solutions Fraud - Answer- "Any illegal acts characterized by deceit, concealment, or violation of trust. These acts are not dependent upon the perpetrated by individuals and organizations to obtain money, property, or services; to avoid payment or loss of services; or to secure personal or business ad-vantage." Main types of fraud - Answer- Internal Fraud and External Fraud Internal Fraud - Answer- Activities that may be criminal, committed within an ...

NASCLA Business Law And Managment Exam Sc Final Sole Proprietorship - CORRECT ANSWER-a business owned and managed by a single individual Simplest form to set up unlimited Liability Partnerships - CORRECT ANSWER-Business organizations in which two or more persons share responsibilities, costs, profits, and losses. C Corporations - CORRECT ANSWER-Corporations that have no restrictions on who owns their shares or the number of shareholders; they cannot qualify for subchapter S tax tr...

Assume the financial risk one's self. Self Insure A condition where the chance, likelihood, probability or potential loss exists. Risk A form changing the provisions of a policy. Endorsement An accepting of an insurance contract takes place when the insurance company agrees to issue insurance. Acceptance Specifies that the insured may not transfer rights of ownership or interest in an insurance policy to another party without the insurer's written consent. Assi...

What are the two general kinds of accounting? What are the uses of them? Financial: --> outside users to determine financial health and firm profitability Managerial: --> inside users to examine internal processes/products to evaluate managment/current operations What is accounting? The process of recording, summarizing, and analyzing financial transactions. Who uses the different kinds of accounting and for what decisions? Financial: 1. Investors/Analyst 2. Creditors 3. Suppliers 4. Sh...

MQM 220 Question and answers 100% correct What are three issues businesses are strongly influenced by? - correct answer Managment of change, customer service, and business ethics. What are the three levels of management and their responsibilities? - correct answer Strategic- senior executives responsible for overall management Tactical- translate general goals developed by strategic managers into specific objectives and activities Operational- lower level managers who supervise the oper...

Healthcare Finance - CORRECT ANSWER-is the practice of finance, including both accounting and financial management, within health services (provider) organizations Accounting - CORRECT ANSWER-concerns the measurement, in financial (dollar) terms, of events that reflect the resources, operations, and financing of an organization Financial managment - CORRECT ANSWER-provides the theory, concepts, and tools necessary to help managers make better financial decisions Business characteristics ...

CFCI Study Guide – Updated Fraud "Any illegal acts characterized by deceit, concealment, or violation of trust. These acts are not dependent upon the perpetrated by individuals and organizations to obtain money, property, or services; to avoid payment or loss of services; or to secure personal or business ad-vantage." Main types of fraud Internal Fraud Internal Fraud and External Fraud Activities that may be criminal, committed within an organization, typically by the employ...

A successful entrepreneur: - -sees and seizes a commercial opportunity -tends to be optimistic -plans to obtain physical, financial and human resources needed for venture to succeed Principles of Entr Finance: #1 - real, human and financial capital must be rented from owners -the time value of is an importnat component of the rent one pays for using someone elses financial capital -when you rent the money, it cant be rented to others, and you must expect to compensate the money owner for...