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Questions and Answers
Which principle does the financial manager heavily rely on to make financial decisions?
Which principle does the financial manager heavily rely on to make financial decisions?
- Opportunity cost analysis
- Sunk cost analysis
- Break-even analysis
- Marginal cost-benefit analysis (correct)
What are the primary activities of the financial manager?
What are the primary activities of the financial manager?
- Budgeting and forecasting
- Financial analysis and planning
- Risk management and compliance
- Investment decisions and financing decisions (correct)
How is the managerial finance function related to economics and accounting?
How is the managerial finance function related to economics and accounting?
- It uses accounting principles to analyze financial data
- It is unrelated to economics and accounting
- It relies on economic principles to make financial decisions (correct)
- It is a subset of economics and accounting
Which of the following best describes finance?
Which of the following best describes finance?
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What are the legal forms of business organization?
What are the legal forms of business organization?
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What is the goal of a firm in business?
What is the goal of a firm in business?
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Why is maximizing the value of the firm an appropriate goal for a business?
Why is maximizing the value of the firm an appropriate goal for a business?
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What principle does the financial manager heavily rely on to make financial decisions?
What principle does the financial manager heavily rely on to make financial decisions?
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