WGU D076 Finance Skills for Managers OA Prep | Exam Questions and Answers | Objective Assessment Study Guide

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WGU D076 Finance Skills for Managers OA Prep | Exam Questions and
Answers | Objective Assessment Study Guide




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WGU D076 Finance Skills for Managers OA Prep
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1. UNIT 2 4. Accepting a wide va-
What are the main services offered by financial institu- riety of deposits, offering
tions? investment products, pro-
viding loans, and broker-
1. Deciding which assets to invest in to create wealth ing financial transactions
in the future
Correct! Financial institu-
2. Soliciting charitable donations and then managing tions such as banks, insur-
the distribution of these funds ance companies, and mu-
tual fund companies pro-
3. Evaluating sources of funding for a business project,
vide these services.
the capital structure of a firm, or actions managers
could take to increase the value of the firm

4. Accepting a wide variety of deposits, offering invest-
ment products, providing loans, and brokering finan-
cial transactions

2. UNIT 2 4. To maximize individual
What is the main objective of personal financial goals? utility

1. To maximize stock investments Correct! You set goals and
act to increase your sat-
2. To maximize owner wealth isfaction or happiness by
taking care of necessities
3. To maximize charity donations
and achieving priorities.
4. To maximize individual utility

3. UNIT 2 2. Making financing deci-
Which task does the financial manager of a firm per- sions
form that involves the issuance of new stocks and
bonds? Correct! Once investment
decisions are made, a fi-

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WGU D076 Finance Skills for Managers OA Prep
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1. Deciding on accounting standards nancial manager consid-
ers different possibilities
2. Making financing decisions of financing sources for
the investments. This may
3. Managing working capital
include issuing new stocks
and bonds.
4. Making investing decisions

4. UNIT 2 3. It helps individuals com-
Why is understanding the definition of finance impor- pare the costs and bene-
tant in managing personal finances? fits of an action to deter-
mine whether to take that
1. It helps individuals act ethically with regard to fi- action.
nances.
Correct! Any financial deci-
2. It helps individuals understand legal issues related sion should make sense in
to finance. terms of its costs and ben-
efits.
3. It helps individuals compare the costs and benefits
of an action to determine whether to take that action.

4. It allows individuals to find an investment with the
highest return possible.

5. UNIT 2 4. Primary market
In which type of market would a company issue bonds
or stocks for the first time? Correct! This is the pur-
pose of a primary market.
1. Dealer market

2. Money market

3. Secondary market



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WGU D076 Finance Skills for Managers OA Prep
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4. Primary market

6. UNIT 2 4. Investment institution
Which type of financial institution is a mutual fund?
Correct! Investment insti-
1. Federal institution tutions provide individuals
and firms access to finan-
2. Contractual institution cial markets.

3. Depository institution

4. Investment institution

7. UNIT 2 4. Pension funds
Which financial institution specializes in managing and
administering retirement funds? Correct! Pension funds
specialize in retirement
1. Mutual funds funds.

2. Investment banks

3. Private equity

4. Pension funds

8. UNIT 2 1. Lagging indicator
Which type of economic indicator is the consumer
price index? Correct! CPI usually
changes after the econo-
1. Lagging indicator my as a whole changes.

2. Coincident indicator

3. Forecasting indicator

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