FinOps latest Final Exam with verified detailed solutions

FinOps latest Final Exam
with verified detailed
solutions

Private investors who fund start-up businesses are called - correct answer
x x x x x x x x x x x


✔Angel Investors x




A(n) is a written statement of goals and objectives for a business with a
x x x x x x x x x x x x x x


strategy to achieve them. - correct answer ✔Business Plan
x x x x x x x x




The movement of money into and out of a business is called . - correct
x x x x x x x x x x x x x x x


answer ✔Cash Flow x x




is an asset pledged that will be claimed by a lender if the loan is not repaid.
x x x x x x x x x x x x x x x x x


- correct answer ✔Collateral
x x x




A person who starts a new business or purchases an existing business is a(n)
x x x x x x x x x x x x x x


- correct answer ✔Entrepreneur
x x x




Capital brought into a business in exchange for a percent of ownership in the
x x x x x x x x x x x x x


business is called - correct answer ✔Equity Financing
x x x x x x x x

,are critical skills necessary to perform the required work-related tasks of a
x x x x x x x x x x x x


position - correct answer ✔Job-Specific Skills
x x x x x




is someone with experience who can provide advice, suggestions, and ideas -
x x x x x x x x x x x x


correct answer ✔Mentor x x




the process of gathering and analyzing of information about a business -
x x x x x x x x x x x x


correct answer ✔Market Research
x x x




is a sentence in a business plan that describes the purpose of the business -
x x x x x x x x x x x x x x x


correct answer ✔Mission Statement
x x x




outlines how company decisions are made - correct answer ✔Policy
x x x x x x x x x




How a business identifies the hierarchy of the employees within a business -
x x x x x x x x x x x x x


correct answer ✔Organizational structure
x x x




The authority structure of a company from the highest to the lowest levels is
x x x x x x x x x x x x x x


called the - correct answer ✔Chain of Command
x x x x x x x




the process of controlling and making decisions about a business - correct
x x x x x x x x x x x x


answer ✔Management x




plans are created for the long-term goals of an organization - correct answer
x x x x x x x x x x x x x


✔Strategic Plans x

, The process of recruiting, hiring, training, evaluating, and compensating
x x x x x x x x x


employees is called - correct answer ✔Staffing
x x x x x x




Theory__managers believe that employees need close supervision at all
x x x x x x x x x


times. - correct answer ✔Theory X
x x x x x




The practice of organizing time and work tasks to increase personal efficiency
x x x x x x x x x x x x


is called - correct answer ✔Time Management
x x x x x x




The ability to analyze a situation, interpret information, and make reasonable
x x x x x x x x x x


xdecisions involves - correct answer ✔Critical-Thinking Skills
x x x x x x




The interacting forces within a group are - correct answer ✔Group Dynamics
x x x x x x x x x x x




The area of management responsible for the activities necessary to produce
x x x x x x x x x x x


goods and services is - correct answer ✔Operations Management
x x x x x x x x




includes any activity related to making a product - correct answer
x x x x x x x x x x x


✔Production


The process of changing and improving resources to create goods or services
x x x x x x x x x x x x


is called - correct answer ✔Conversion
x x x x x




is changing the form of raw materials for another use - correct answer
x x x x x x x x x x x x x


✔Material Processing x