GCU FIN-350 Exam 1 Study Guide Questions & Answers 2024/2025

GCU FIN-350 Exam 1 Study Guide Questions & Answers 2024/2025 -CHAPTER ONE- - ANSWERS finance - ANSWERSstudy of how individuals, institutions, governments, and businesses acquire, spend, and manage financial resources financial environment - ANSWERSfinancial system, institutions, markets, businesses, individuals, and global interactions that help the economy operate efficiently 3 areas of finance within the financial environment - ANSWERSinstitutions and markets, investments, and financial management financial markets - ANSWERSlocations or electronic forums that facilitate the flow of funds among investors, businesses, and governments investments - ANSWERSinvolves the sale or marketing of securities, the analysis of securities, and the management of investment risk through portfolio diversification financial management - ANSWERSinvolves financial planning, asset management, and fund-raising decisions to enhance the value of businesses Two themes within the financial topic - ANSWERS1. entrepreneurial finance: study of how growth driven, performance focused, early stage firms raise financial capital and manage operations and assets. 2. personal finance: study of how individuals prepare for financial emergencies, protect against premature death and property losses, and accumulate wealth 6 principles of finance (sixth is ethical based, others are economic based) - ANSWERS1. Money has a time value