Business 101 Final Exam - University Of b b b b b b
Tampa (Ch. 10-13) With All Answers
b b b b b b
Correct b
risk-return btrade-off b- b bcorrect banswer- bIndividuals bprefer bmore bcertain bfinancial
b b b b b b b b b b
bearnings bthan bless bcertain boutcomes. bTherefore, binvestors band blenders busually
b b b b b b b b b b
bdemand bhigher bearnings bor ba bhigher binterest brate bto bbe bcompensated bfor
b b b b b b b b b b b b
bincurring badditional brisk.
b b b
time bvalue bof bmoney b- b bcorrect banswer- bindividuals busually bprefer bto bhave bgood
b b b b b b b b b b b b b
bthings bsooner band bprefer bto bput boff bbad bthings buntil blater.
b b b b b b b b b b b
cash bflow bnot bprofits b- b bcorrect banswer- bfinancial bmanagers brecognize bthat
b b b b b b b b b b b
b"cash bpays bthe bbills, bnot bprofits."
b b b b b b
valuation bof bassets b- b bcorrect banswer- bthe bvalue bof ban basset bin ban borganization
b b b b b b b b b b b b b b
bis bits bability bto bgenerate bpositive bcash bflow bover btime.
b b b b b b b b b b
diversification b- b bcorrect banswer- bcan bmoderate brisk: bthe bprobability bof bone bthing
b b b b b b b b b b b b
bgoing bwrong bon bany bone bday bis bhigher bthan bthe bprobability bof beverything bgoing
b b b b b b b b b b b b b b
bwrong bon bthat bday.
b b b b
chief bfinancial bofficer b(CFO) b/ bvice bpresident bof bfinance b- b bcorrect banswer- bin
b b b b b b b b b b b b b
blarge band bmedium-sized bcompanies, bthe bresponsibilities bof bfinancial bmanager
b b b b b b b b b
bfall bto bthese bpeople. bThe bCFO bis ba bsenior bposition bwithin bthe borganizational
b b b b b b b b b b b b b
bstructure bthat busually breports bdirectly bto bthe bCEO.
b b b b b b b b
forecasts b- b bcorrect banswer- b(the bfirst bstep bof bthe bfinancial bplanning bprocess) b-
b b b b b b b b b b b b b
bto bgenerate ba bprediction bof bthe bupcoming bfinancial bneeds bof bthe bfirm.
b b b b b b b b b b b b
cash bflow bforecast b- b bcorrect banswer- ba bprediction bof bthe bamount bof bmoney bthat
b b b b b b b b b b b b b b
bis bexpected bto bbe bcoming binto bthe bcompany band bthe bamount bof bmoney bthat
b b b b b b b b b b b b b b
bthe bcompany bexpects bto bhave bto bpay bout.
b b b b b b b b
, short-term bcash bflow bforecasts b- b bcorrect banswer- bbased bon bexpectations bof bnet
b b b b b b b b b b b b
bcash bflows bwithin bthe bnext b12 bmonths.
b b b b b b b
long-term bcash bflow bforecasts b- b bcorrect banswer- bbased bon bexpectations bof bnet
b b b b b b b b b b b b
bcash bflows bfor bone byear bor bmore.
b b b b b b b
budgets b- b bcorrect banswer- bused bby bfirms bas ba broadmap bto bguide bthe bactivities
b b b b b b b b b b b b b b
bof bthe bfirm. bshows bhow bthe bfirm bplans bto ballocate bits bfinancial bassets bto
b b b b b b b b b b b b b b
bachieve bthe bforecasted bgoals band bobjectives.
b b b b b b
operating bbudgets b- b bcorrect banswer- bare bfocused bon bthe bexpected brevenue band
b b b b b b b b b b b b
bexpenses brelated bto bthe bfirm's bpredicted bsales bforecast.
b b b b b b b b
capital bbudgets b- b bcorrect banswer- baid bin bdecisions brelated bto bthe bpurchase bof
b b b b b b b b b b b b b
blong-term bassets bthat busually binvolve bhigh-dollar bexpenditures.
b b b b b b b
cash bflow bbudgets b- b bcorrect banswer- bshow bcash bflow bsurpluses band bshortfalls
b b b b b b b b b b b b
bover bshorter btime bperiods bsuch bas bone bto bthree bmonths binto bthe bfuture bbased
b b b b b b b b b b b b b b
bon bthe bcurrent bplanned boperating band bfinancing bactivities bof bthe bfirm.
b b b b b b b b b b b
master bbudgets b- b bcorrect banswer- bbring ball bof bthe binformation bfrom bthe bother
b b b b b b b b b b b b b
bbudgets btogether band bserve bas ba bmaster bfinancial bplan bfor bthe bfirm bover ba
b b b b b b b b b b b b b b
bgiven bplanning bhorizon.
b b b
controls b- b bcorrect banswer- bestablished bby bfinancial bmanagers bto bcompare bhow
b b b b b b b b b b b
bthe bfirm bis bperforming brelative bto bthe bbudget bplan.
b b b b b b b b b
working bcapital b- b bcorrect banswer- bthe bfunds bthat bfirms buse bto bmeet btheir bday
b b b b b b b b b b b b b b
bto bday boperational bcash bflow bneeds.
b b b b b b
trade bcredit b- b bcorrect banswer- bwhen ba bseller ballows bthe bpurchaser bto bpay bfor
b b b b b b b b b b b b b b
bthe bproduct bat bsome bpoint bin bthe bnear bfuture byet btake bdelivery bof bthe bproduct
b b b b b b b b b b b b b b b
bor bservice bimmediately.
b b b
letters bof bcredit b- b bcorrect banswer- bare bessentially bguarantees bthat bbanks bissue
b b b b b b b b b b b b
bon bbehalf bof bthe bcustomer bwherein bif bthe bbuyer bdoesn't bpay bon btime, bthe bbank
b b b b b b b b b b b b b b b
bwill bpay band bthe bcollect bfrom bthe bbuyer.
b b b b b b b b
purchasing bmanager b- b bcorrect banswer- bplans, bdirects, band bcoordinates bactivities
b b b b b b b b b b
brelated bto bacquiring bthe bmaterials, bproducts, band bservices bthat bare bneeded bfor
b b b b b b b b b b b b
ba bfirm bto boperate.
b b b b
buyers b/ bprocurement bofficers b- b bcorrect banswer- bindividuals bwho bperform bsimilar
b b b b b b b b b b b
btasks bwithin borganizations. bthese bemployees bwork bwith bpotential bsuppliers bto
b b b b b b b b b b
bevaluate bthe bprices bof bvarious binputs bto bproduction brelative bto bthe bvalue bthat
b b b b b b b b b b b b b
balternatives bprovide.
b b
stockout b- b bcorrect banswer- ba bsituation bwhere ba bfirm bmisses bout bon bpotential
b b b b b b b b b b b b b
brevenue bbecause bthey bdo bnot bhave benough bproduct bavailable. bthis bresults bin ba
b b b b b b b b b b b b b
bdisappointed bcustomer bwho bmay bchoose ba bcompetitor.
b b b b b b b
Tampa (Ch. 10-13) With All Answers
b b b b b b
Correct b
risk-return btrade-off b- b bcorrect banswer- bIndividuals bprefer bmore bcertain bfinancial
b b b b b b b b b b
bearnings bthan bless bcertain boutcomes. bTherefore, binvestors band blenders busually
b b b b b b b b b b
bdemand bhigher bearnings bor ba bhigher binterest brate bto bbe bcompensated bfor
b b b b b b b b b b b b
bincurring badditional brisk.
b b b
time bvalue bof bmoney b- b bcorrect banswer- bindividuals busually bprefer bto bhave bgood
b b b b b b b b b b b b b
bthings bsooner band bprefer bto bput boff bbad bthings buntil blater.
b b b b b b b b b b b
cash bflow bnot bprofits b- b bcorrect banswer- bfinancial bmanagers brecognize bthat
b b b b b b b b b b b
b"cash bpays bthe bbills, bnot bprofits."
b b b b b b
valuation bof bassets b- b bcorrect banswer- bthe bvalue bof ban basset bin ban borganization
b b b b b b b b b b b b b b
bis bits bability bto bgenerate bpositive bcash bflow bover btime.
b b b b b b b b b b
diversification b- b bcorrect banswer- bcan bmoderate brisk: bthe bprobability bof bone bthing
b b b b b b b b b b b b
bgoing bwrong bon bany bone bday bis bhigher bthan bthe bprobability bof beverything bgoing
b b b b b b b b b b b b b b
bwrong bon bthat bday.
b b b b
chief bfinancial bofficer b(CFO) b/ bvice bpresident bof bfinance b- b bcorrect banswer- bin
b b b b b b b b b b b b b
blarge band bmedium-sized bcompanies, bthe bresponsibilities bof bfinancial bmanager
b b b b b b b b b
bfall bto bthese bpeople. bThe bCFO bis ba bsenior bposition bwithin bthe borganizational
b b b b b b b b b b b b b
bstructure bthat busually breports bdirectly bto bthe bCEO.
b b b b b b b b
forecasts b- b bcorrect banswer- b(the bfirst bstep bof bthe bfinancial bplanning bprocess) b-
b b b b b b b b b b b b b
bto bgenerate ba bprediction bof bthe bupcoming bfinancial bneeds bof bthe bfirm.
b b b b b b b b b b b b
cash bflow bforecast b- b bcorrect banswer- ba bprediction bof bthe bamount bof bmoney bthat
b b b b b b b b b b b b b b
bis bexpected bto bbe bcoming binto bthe bcompany band bthe bamount bof bmoney bthat
b b b b b b b b b b b b b b
bthe bcompany bexpects bto bhave bto bpay bout.
b b b b b b b b
, short-term bcash bflow bforecasts b- b bcorrect banswer- bbased bon bexpectations bof bnet
b b b b b b b b b b b b
bcash bflows bwithin bthe bnext b12 bmonths.
b b b b b b b
long-term bcash bflow bforecasts b- b bcorrect banswer- bbased bon bexpectations bof bnet
b b b b b b b b b b b b
bcash bflows bfor bone byear bor bmore.
b b b b b b b
budgets b- b bcorrect banswer- bused bby bfirms bas ba broadmap bto bguide bthe bactivities
b b b b b b b b b b b b b b
bof bthe bfirm. bshows bhow bthe bfirm bplans bto ballocate bits bfinancial bassets bto
b b b b b b b b b b b b b b
bachieve bthe bforecasted bgoals band bobjectives.
b b b b b b
operating bbudgets b- b bcorrect banswer- bare bfocused bon bthe bexpected brevenue band
b b b b b b b b b b b b
bexpenses brelated bto bthe bfirm's bpredicted bsales bforecast.
b b b b b b b b
capital bbudgets b- b bcorrect banswer- baid bin bdecisions brelated bto bthe bpurchase bof
b b b b b b b b b b b b b
blong-term bassets bthat busually binvolve bhigh-dollar bexpenditures.
b b b b b b b
cash bflow bbudgets b- b bcorrect banswer- bshow bcash bflow bsurpluses band bshortfalls
b b b b b b b b b b b b
bover bshorter btime bperiods bsuch bas bone bto bthree bmonths binto bthe bfuture bbased
b b b b b b b b b b b b b b
bon bthe bcurrent bplanned boperating band bfinancing bactivities bof bthe bfirm.
b b b b b b b b b b b
master bbudgets b- b bcorrect banswer- bbring ball bof bthe binformation bfrom bthe bother
b b b b b b b b b b b b b
bbudgets btogether band bserve bas ba bmaster bfinancial bplan bfor bthe bfirm bover ba
b b b b b b b b b b b b b b
bgiven bplanning bhorizon.
b b b
controls b- b bcorrect banswer- bestablished bby bfinancial bmanagers bto bcompare bhow
b b b b b b b b b b b
bthe bfirm bis bperforming brelative bto bthe bbudget bplan.
b b b b b b b b b
working bcapital b- b bcorrect banswer- bthe bfunds bthat bfirms buse bto bmeet btheir bday
b b b b b b b b b b b b b b
bto bday boperational bcash bflow bneeds.
b b b b b b
trade bcredit b- b bcorrect banswer- bwhen ba bseller ballows bthe bpurchaser bto bpay bfor
b b b b b b b b b b b b b b
bthe bproduct bat bsome bpoint bin bthe bnear bfuture byet btake bdelivery bof bthe bproduct
b b b b b b b b b b b b b b b
bor bservice bimmediately.
b b b
letters bof bcredit b- b bcorrect banswer- bare bessentially bguarantees bthat bbanks bissue
b b b b b b b b b b b b
bon bbehalf bof bthe bcustomer bwherein bif bthe bbuyer bdoesn't bpay bon btime, bthe bbank
b b b b b b b b b b b b b b b
bwill bpay band bthe bcollect bfrom bthe bbuyer.
b b b b b b b b
purchasing bmanager b- b bcorrect banswer- bplans, bdirects, band bcoordinates bactivities
b b b b b b b b b b
brelated bto bacquiring bthe bmaterials, bproducts, band bservices bthat bare bneeded bfor
b b b b b b b b b b b b
ba bfirm bto boperate.
b b b b
buyers b/ bprocurement bofficers b- b bcorrect banswer- bindividuals bwho bperform bsimilar
b b b b b b b b b b b
btasks bwithin borganizations. bthese bemployees bwork bwith bpotential bsuppliers bto
b b b b b b b b b b
bevaluate bthe bprices bof bvarious binputs bto bproduction brelative bto bthe bvalue bthat
b b b b b b b b b b b b b
balternatives bprovide.
b b
stockout b- b bcorrect banswer- ba bsituation bwhere ba bfirm bmisses bout bon bpotential
b b b b b b b b b b b b b
brevenue bbecause bthey bdo bnot bhave benough bproduct bavailable. bthis bresults bin ba
b b b b b b b b b b b b b
bdisappointed bcustomer bwho bmay bchoose ba bcompetitor.
b b b b b b b