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Questions and Answers
What does the American Heritage Desk Dictionary define finance as?
What does the American Heritage Desk Dictionary define finance as?
- Strictly a science of managing money
- Only dealing with assets and not money
- Limited to credit management only
- Management of money, banking, investments, and credit (correct)
Who is often considered as a fund custodian in finance?
Who is often considered as a fund custodian in finance?
- Financial analyst
- Accountant
- Bank teller
- Finance manager/officer (correct)
What are financial resources in business finance?
What are financial resources in business finance?
- Liabilities of the business
- Resources for marketing purposes only
- Funds provided by the owner or creditors (correct)
- Assets that cannot be converted into cash
Which type of expenditure involves acquiring or constructing buildings and machinery?
Which type of expenditure involves acquiring or constructing buildings and machinery?
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Which term refers to funds that are provided by the owner or creditors of a business?
Which term refers to funds that are provided by the owner or creditors of a business?
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What do financial investments aim to achieve in a business?
What do financial investments aim to achieve in a business?
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What is the primary focus of financial investments in a business?
What is the primary focus of financial investments in a business?
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Which term describes resources that are expected to provide income and appreciate in value?
Which term describes resources that are expected to provide income and appreciate in value?
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In what way do operating expenditures differ from capital expenditures?
In what way do operating expenditures differ from capital expenditures?
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Who is typically considered a fund custodian in finance?
Who is typically considered a fund custodian in finance?
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