WGU D076 Finance Skills for Managers Testbank | 460 Questions with 100% Correct Answers | Verified | Latest Update | 66 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