WGU D076 OA CERTIFICATION EXAM 2026
FULL QUESTIONS AND VERIFIED SOLUTIONS
● Hannah is the financial manager of a firm. A project that she has
recommended has been approved and will cost $5 million. Since the
company does not have enough cash on reserve, Hannah must figure out
how to raise enough money to start the project. She can choose whether
to issue new bonds, new stocks, a mortgage loan, or some combination
of those options. What task is Hannah performing in this scenario?
Answer: Making a financing decision - Since the project has already
been approved, Hannah is trying to find a way to finance the investment
and considering its capital structure.
●0/1
Maria and Mateo are setting financial goals. They decide that they need
to save $200 each month to reach their goal of taking their children to
visit their grandparents in Spain next summer. What is the objective of
setting such a goal? Answer: To maximize individual utility -While
everyone has different personal financial goals, the objectives of such
goals is to maximize individual utility.
● Which professional works with individuals to help them achieve their
financial goals? Answer: Financial planner - Professional financial
planners work with individuals to help them achieve their financial
goals.
,●1/1
Omar is about to purchase a new car for $30,000. He knows he wants to
buy the car, but he is still trying to decide how to pay for it. He has
barely over $30,000 in his bank account. He can either take out an auto
loan from a bank or use a mix of cash and an auto loan. Answer:
Financing a goal - He has already made a decision to purchase the car
and is now deciding on financing options.
● 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? Answer: Business finance - Business finance is the area of
finance that deals with uses and sources of funding to increase the value
of the firm.
● What is the primary difference between finance and accounting?
Answer: Finance focuses on the future, while accounting is generally
backward-looking. - finance is the management and allocation of capital
with the objectives of investing, forecasting, budgeting, saving, lending,
and borrowing.
● Which subspecialty of finance primarily involves deciding which
assets will create more wealth and earn positive returns? Answer:
Investments - investments is the area of finance that seeks to create
wealth in the future by deciding where to allocate money
, ● What is the primary goal of the financial manager of a firm? Answer:
To maximize owner wealth - The financial manager should make
decisions based on the primary goal of maximizing owner wealth.
● What should be the main question a firm asks when considering any
investment decision? Answer: Do the benefits of this investment
outweigh the costs? - For any investment, you should expect to receive a
benefit worth at least as much as the initial cost.
● What is the primary aim of personal finance goals? Answer:
maximize satisfaction from products purchased and services obtained-
the objective of personal financial goals is to maximize one's utility.
● Which task does a financial manager perform when choosing to obtain
a loan to purchase a piece of equipment for a new project? Answer:
Making financing decisions - The manager is deciding where to get the
funds to support a new project, which means the manager is making a
financing decision
● Which financial career focuses on investing capital into firms whose
shares are not currently sold on any public stock exchange? Answer:
private equity - Private equity deals with investments in firms that are
privately held and whose ownership is not yet bought or sold on any
public stock exchange
FULL QUESTIONS AND VERIFIED SOLUTIONS
● Hannah is the financial manager of a firm. A project that she has
recommended has been approved and will cost $5 million. Since the
company does not have enough cash on reserve, Hannah must figure out
how to raise enough money to start the project. She can choose whether
to issue new bonds, new stocks, a mortgage loan, or some combination
of those options. What task is Hannah performing in this scenario?
Answer: Making a financing decision - Since the project has already
been approved, Hannah is trying to find a way to finance the investment
and considering its capital structure.
●0/1
Maria and Mateo are setting financial goals. They decide that they need
to save $200 each month to reach their goal of taking their children to
visit their grandparents in Spain next summer. What is the objective of
setting such a goal? Answer: To maximize individual utility -While
everyone has different personal financial goals, the objectives of such
goals is to maximize individual utility.
● Which professional works with individuals to help them achieve their
financial goals? Answer: Financial planner - Professional financial
planners work with individuals to help them achieve their financial
goals.
,●1/1
Omar is about to purchase a new car for $30,000. He knows he wants to
buy the car, but he is still trying to decide how to pay for it. He has
barely over $30,000 in his bank account. He can either take out an auto
loan from a bank or use a mix of cash and an auto loan. Answer:
Financing a goal - He has already made a decision to purchase the car
and is now deciding on financing options.
● 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? Answer: Business finance - Business finance is the area of
finance that deals with uses and sources of funding to increase the value
of the firm.
● What is the primary difference between finance and accounting?
Answer: Finance focuses on the future, while accounting is generally
backward-looking. - finance is the management and allocation of capital
with the objectives of investing, forecasting, budgeting, saving, lending,
and borrowing.
● Which subspecialty of finance primarily involves deciding which
assets will create more wealth and earn positive returns? Answer:
Investments - investments is the area of finance that seeks to create
wealth in the future by deciding where to allocate money
, ● What is the primary goal of the financial manager of a firm? Answer:
To maximize owner wealth - The financial manager should make
decisions based on the primary goal of maximizing owner wealth.
● What should be the main question a firm asks when considering any
investment decision? Answer: Do the benefits of this investment
outweigh the costs? - For any investment, you should expect to receive a
benefit worth at least as much as the initial cost.
● What is the primary aim of personal finance goals? Answer:
maximize satisfaction from products purchased and services obtained-
the objective of personal financial goals is to maximize one's utility.
● Which task does a financial manager perform when choosing to obtain
a loan to purchase a piece of equipment for a new project? Answer:
Making financing decisions - The manager is deciding where to get the
funds to support a new project, which means the manager is making a
financing decision
● Which financial career focuses on investing capital into firms whose
shares are not currently sold on any public stock exchange? Answer:
private equity - Private equity deals with investments in firms that are
privately held and whose ownership is not yet bought or sold on any
public stock exchange
