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Business Finance: Financial Management Lesson 1

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Business Finance: Financial Management Lesson 1

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Questions and Answers

What is the primary focus of business finance?

Allocating funds to various departments within the company

Optimizing the financial resources of a business entity (correct)

Managing the personal financial goals of the business owner

Providing financial advice to individual clients

What is the purpose of personal financial goals?

To ensure the success and prosperity of the business

To track the company's overall financial performance

To help financial advisors make investment decisions

To contribute to the financial well-being of the individual (correct)

Which of the following is an example of a personal financial goal?

Saving a particular amount of money within a time frame (correct)

Allocating funds to various investment opportunities

Reducing the department's operating expenses by 5%

Increasing the company's profit margin by 10%

What is the role of financial advisors in personal financial management?

To help individuals plan, allocate, invest, and monitor their money Signup and view all the answers

What is the role of financial managers in business finance?

To manage and control the company's funds on behalf of the business Signup and view all the answers

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 Signup and view all the answers

What is the primary goal of financial management?

To increase the business's value and shareholders' wealth Signup and view all the answers

Which of the following is NOT a component of the financial system?

Accounting practices for recording transactions Signup and view all the answers

What is the primary function of financial institutions in the financial system?

To act as intermediaries between savers and borrowers Signup and view all the answers

Which of the following is an example of a capital market?

The Philippine Stock Exchange (PSE) Signup and view all the answers

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 Signup and view all the answers

What is a financial instrument?

A contract that creates a financial asset for one party and a liability for another Signup and view all the answers