Introduction to Finance: Final Preparation

Apprenticeship Ideas Correct Answers the idea that the world is filled with givers, matchers and takers personally we like to be matchers, professionally we like to be takers realistically we should be givers and pay it forward Characteristics of Corporate Careers Correct Answers normal part of business team, routine business functions Characteristics of Advisory Careers Correct Answers workaholics, trade work life balance to jump to people's needs Characteristics of Investor Careers Correct Answers aggressive but thoughtful, experts at managing risk and return relationships Characteristics of Principal Careers Correct Answers entrepreneurs, willing to make advanced decisions about personal investments What makes a great finance professional? Correct Answers Curiosity and Perseverance Academic (High Achiever, curious, analytical) Behavioral (multi-tasking, self-confident, timely, good team worker) Business Thought Process (interest in world events, economy and financial markets, passionate about business and helping others) Objectives of a Financial Manager Correct Answers increase economic value of the business (maximize shareholder value) economic performance is tied to the financial performance weigh a firm's performance relative to the market participants expectations Role of a financial manager Correct Answers weigh cost, efficiency, risk and expected return