WGU D076 Finance Skills for Managers All Possible Exam Questions (500 Q&As) | Latest 2023/24 | Updated & Verified | Guaranteed Success | 44 Pages

Which area of finance deals with sources of funding and the capital structure of corporations and seeks to increase the value of a firm to its owners? - Business finance What is the primary difference between finance and accounting? - Finance focuses on the future, while accounting is generally backward-looking. Which subspecialty of finance primarily involves deciding which assets will create more wealth and earn positive returns? - Investments What is the primary goal of the financial manager of a firm? - To maximize owner wealth What should be the main question a firm asks when considering any investment decision? - Do the benefits of this investment outweigh the costs? What is the primary aim of personal finance goals? -To maximize satisfaction from products purchased and services obtained Which task does a financial manager perform when choosing to obtain a loan to purchase a piece of equipment for a new project? - Making financing decisions Which financial career focuses on investing capital into firms whose shares are not currently sold on any public stock exchange? - Private equity Which task does a financial manager perform when assessing the costs and benefits of potential projects? - Making investment decisions What tool can you use to understand your overall personal cash flows? - Budgeting