WGU D076 All Unit Tests Questions & Answers | Latest 2023/24 | Updated & Verified | Guaranteed Success | 23 Pages

What are the main services offered by financial institutions? - Accepting a wide variety of deposits, offering investment products, providing loans, and brokering financial transactions What is the main objective of personal financial goals? - To maximize individual utility Which task does the financial manager of a firm perform that involves the issuance of new stocks and bonds? - Making financing decisions Why is understanding the definition of finance important in managing personal finances? - It helps individuals compare the costs and benefits of an action to determine whether to take that action. In which type of market would a company issue bonds or stocks for the first time? - Primary market Which type of financial institution is a mutual fund? - Investment institution Which financial institution specializes in managing and administering retirement funds? - Pension funds Which type of economic indicator is the consumer price index? - Lagging indicator What does the term ethical refer to? - The accepted standards of conduct that guide a person's behavior A company's officers and board of directors are selling their stocks in the firm at higher prices due to false accounting reports that made the stock seem more valuable than it truly was. Which ethical issue is occurring in this situation? - Agency problem due to conflicting interests