12 Questions
What is the primary focus of business finance?
Optimizing the financial resources of a business entity
What is the purpose of personal financial goals?
To contribute to the financial well-being of the individual
Which of the following is an example of a personal financial goal?
Saving a particular amount of money within a time frame
What is the role of financial advisors in personal financial management?
To help individuals plan, allocate, invest, and monitor their money
What is the role of financial managers in business finance?
To manage and control the company's funds on behalf of the business
What is the importance of setting clear and achievable personal financial goals?
To allow individuals to figure out the strategies and activities needed to achieve their goals
What is the primary goal of financial management?
To increase the business's value and shareholders' wealth
Which of the following is NOT a component of the financial system?
Accounting practices for recording transactions
What is the primary function of financial institutions in the financial system?
To act as intermediaries between savers and borrowers
Which of the following is an example of a capital market?
The Philippine Stock Exchange (PSE)
What is the difference between profit maximization and wealth maximization?
Profit maximization focuses on short-term profits, while wealth maximization considers long-term value and risks
What is a financial instrument?
A contract that creates a financial asset for one party and a liability for another
Learn about Business Finance, a field that focuses on managing and optimizing a business entity's financial resources. Explore activities and decisions regarding fund acquisition, allocation, and utilization to achieve financial objectives. Understand the importance of setting personal financial goals for success and prosperity in life.
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