TEST BANK FOR: Principles Of Managerial Finance: Brief, Global Edition 7th Edition By Lawrence J. Gitman (Author) Graded A+

TEST BANK FOR:
Principles Of Managerial Finance: Brief, Global Edition 7th Edition
By Lawrence J. Gitman (Author)
Graded A+

,Principles Of Managerial Finance, Brief, 7edition
Chapter 1 The Role Of Managerial Finance

1.1 Define Finance And The Managerial Finance Function.

1) A Financial Analyst Is Responsible For Maintaining And Controlling A Firm's Daily Cash
Balances. Answer: False
Diff: 1
Topic: Career Opportunities In Finance
Learning Obj.: Lg 1
Learning Outcome: F-01
Question Status: Revised
Aacsb Tag: Analytic Skills

2) Finance Is Concerned With The Process Institutions, Markets, And Instruments Involved In
The Transfer Of Money Among And Between Individuals, Businesses, And Government.
Answer: True Diff:
1
Topic: What Is Finance?
Learning Obj.: Lg 1
Learning Outcome: F-01
Question Status: Previous Edition Aacsb
Tag: Analytic Skills

3) Financial Managers Administer The Financial Affairs Of All Types Of Businesses Such As
Private And Public, Large And Small, And Profit Seeking And Not For Profit.
Answer: True Diff:
1
Topic: Career Opportunities In Finance
Learning Obj.: Lg 1
Learning Outcome: F-01
Question Status: New Aacsb
Tag: Analytic Skills

4) Financial Managers Perform Different Tasks Developing A Financial Plan Or Budget,
Extending Credit To Customers, Evaluating Proposed Large Expenditures, And Raising
Money To Fund A Firm's Operations.
Answer: True Diff:
1
Topic: Career Opportunities In Finance
Learning Obj.: Lg 1
Learning Outcome: F-01
Question Status: New Aacsb
Tag: Analytic Skills

,5) A Capital Expenditures Analyst/Manager Is Responsible For The Evaluation And
Recommendation Of Proposed Asset Investments.
Answer: True Diff:
1
Topic: Career Opportunities In Finance
Learning Obj.: Lg 1
Learning Outcome: F-01
Question Status: Revised
Aacsb Tag: Analytic Skills

6) A Controller Administers A Firm's Credit Policy By Analyzing Or Managing The
Evaluation Of Credit Applications, Extending Credit, And Monitoring And Collecting
Accounts Receivable. Answer: False
Diff: 1
Topic: Career Opportunities In Finance
Learning Obj.: Lg 1
Learning Outcome: F-01
Question Status: Revised
Aacsb Tag: Analytic Skills

7) In Large Companies, Ceos Are Legally Responsible For Coordinating The Assets And
Liabilities Of Employees' Pension Fund.
Answer: False Diff:
1
Topic: Career Opportunities In Finance
Learning Obj.: Lg 1
Learning Outcome: F-01
Question Status: Revised
Aacsb Tag: Analytic Skills

8) A Controller Typically Handles The Accounting Activities, Such As Tax
Management, Data Processing, Financial Accounting, And Cost Accounting.
Answer: True Diff:
1
Topic: Career Opportunities In Finance
Learning Obj.: Lg 1
Learning Outcome: F-01
Question Status: Revised
Aacsb Tag: Analytic Skills

, 9) Managerial Finance Is Concerned With Design And Delivery Of Advice And Financial
Products To Individuals, Businesses, And Governments.
Answer: False Diff:
1
Topic: Career Opportunities In Finance
Learning Obj.: Lg 1
Learning Outcome: F-01
Question Status: Revised
Aacsb Tag: Analytic Skills

10) Is Concerned With Design And Delivery Of Advice And Financial
Products To Individuals, Businesses, And Governments.
A) Managerial Finance
B) Auditing Services
C) Financial Services
D) Cost
Accounting
Answer: C
Diff: 1
Topic: Career Opportunities In Finance
Learning Obj.: Lg 1
Learning Outcome: F-01
Question Status: New Aacsb
Tag: Analytic Skills

11) Managerial Finance .
A) Involves Tasks Such As Budgeting, Financial Forecasting, Cash Management, And
Funds Procurement
B) Involves The Design And Delivery Of Advice And Financial Products
C) Recognizes Funds On An Accrual Basis
D) Devotes The Majority Of Its Attention To The Collection And Presentation Of
Financial Data Answer: A
Diff: 1
Topic: Career Opportunities In Finance
Learning Obj.: Lg 1
Learning Outcome: F-01
Question Status: Previous Edition
Aacsb Tag: Analytic Skills