WGU D076 FINANCE SKILLS FOR MANAGERS
MODULE 9 ACTUAL TEST PAPER 2026
QUESTIONS WITH SOLUTIONS GRADED A+
◉ Accounting. Answer: The system of recording, reporting, and
summarizing past financial information and transactions.
◉ Capital. Answer: A financial asset that can be used by a firm or
individual. Examples of capital may be machinery or cash held by a
firm.
◉ Subspecialties of Finance. Answer: 1. Business finance
2. Investments
3. Financial institutions
◉ Business finance. Answer: An area of finance that deals with
sources of funding, the capital structure of corporations, the actions
that managers take to increase the value of the firm to its owners,
and the tools and analysis used to allocate financial resources.
◉ Capital Structure. Answer: The mixture of debt and equity used to
finance a firm.
,◉ Investments. Answer: An area of finance that involves deciding
which assets to invest in to create wealth in the future.
◉ Asset Pricing. Answer: The process of valuing assets.
◉ Current Market Value. Answer: What someone would pay right
now for an asset.
◉ Financial Institutions. Answer: An area of finance that includes
firms or organizations that exist to accept a wide variety of deposits,
to offer investment products to individuals and businesses, to
provide loans, or to broker financial transactions.
◉ Utility. Answer: The total satisfaction received from consuming
goods and services.
◉ Publicly Traded Firm. Answer: Firms that have issued shares to
the public.
◉ Privately Held Company. Answer: Firms that have not issued
shares to the public where the ownership rights are privately held.
◉ What are 3 main tasks of a Financial Manager. Answer: 1. Making
investment decisions
,2. Making financing decisions
3. Managing working capital
◉ Research & Development. Answer: The business function
responsible for improving and developing services and products.
◉ Cash Management. Answer: Managing the day-to-day finance
operations of a firm.
◉ Tax Strategies. Answer: Methods used to minimize the amount of
taxes a business pays.
◉ Financial Policy Implementation. Answer: Incorporating new
finance ideas within a firm.
◉ Venture Capitalists. Answer: Professional managers of investment
capital that typically invest in very young new ventures.
◉ Harvest. Answer: Generating cash or stock from the sales or IPO of
companies in the portfolio of investments.
◉ Teller. Answer: An entry-level commercial bank position with the
responsibility to interact with customers at the bank's front desk or
drive-through window.
, ◉ Credit Analyst. Answer: A commercial bank position with the
responsibility to assess the riskiness of lending to borrowers and
determining whether or not loans should be extended to potential
bank clients.
◉ Personal Banker. Answer: A commercial bank position with the
responsibility to find and attract new clients.
◉ Trusts. Answer: An arrangement that allows a third party to hold
assets on behalf of a beneficiary or beneficiaries.
◉ Estates. Answer: Everything that a person owns or controls,
especially at death.
◉ Wills. Answer: A legal expression of an individual's wishes
concerning the deposition of his or her property after death.
◉ Liquidity. Answer: The ability to turn financial securities into cash
easily without losing significant value.
◉ Treasury Securities. Answer: A debt instrument (bond) that is
issued by the United States government in order to raise capital.
MODULE 9 ACTUAL TEST PAPER 2026
QUESTIONS WITH SOLUTIONS GRADED A+
◉ Accounting. Answer: The system of recording, reporting, and
summarizing past financial information and transactions.
◉ Capital. Answer: A financial asset that can be used by a firm or
individual. Examples of capital may be machinery or cash held by a
firm.
◉ Subspecialties of Finance. Answer: 1. Business finance
2. Investments
3. Financial institutions
◉ Business finance. Answer: An area of finance that deals with
sources of funding, the capital structure of corporations, the actions
that managers take to increase the value of the firm to its owners,
and the tools and analysis used to allocate financial resources.
◉ Capital Structure. Answer: The mixture of debt and equity used to
finance a firm.
,◉ Investments. Answer: An area of finance that involves deciding
which assets to invest in to create wealth in the future.
◉ Asset Pricing. Answer: The process of valuing assets.
◉ Current Market Value. Answer: What someone would pay right
now for an asset.
◉ Financial Institutions. Answer: An area of finance that includes
firms or organizations that exist to accept a wide variety of deposits,
to offer investment products to individuals and businesses, to
provide loans, or to broker financial transactions.
◉ Utility. Answer: The total satisfaction received from consuming
goods and services.
◉ Publicly Traded Firm. Answer: Firms that have issued shares to
the public.
◉ Privately Held Company. Answer: Firms that have not issued
shares to the public where the ownership rights are privately held.
◉ What are 3 main tasks of a Financial Manager. Answer: 1. Making
investment decisions
,2. Making financing decisions
3. Managing working capital
◉ Research & Development. Answer: The business function
responsible for improving and developing services and products.
◉ Cash Management. Answer: Managing the day-to-day finance
operations of a firm.
◉ Tax Strategies. Answer: Methods used to minimize the amount of
taxes a business pays.
◉ Financial Policy Implementation. Answer: Incorporating new
finance ideas within a firm.
◉ Venture Capitalists. Answer: Professional managers of investment
capital that typically invest in very young new ventures.
◉ Harvest. Answer: Generating cash or stock from the sales or IPO of
companies in the portfolio of investments.
◉ Teller. Answer: An entry-level commercial bank position with the
responsibility to interact with customers at the bank's front desk or
drive-through window.
, ◉ Credit Analyst. Answer: A commercial bank position with the
responsibility to assess the riskiness of lending to borrowers and
determining whether or not loans should be extended to potential
bank clients.
◉ Personal Banker. Answer: A commercial bank position with the
responsibility to find and attract new clients.
◉ Trusts. Answer: An arrangement that allows a third party to hold
assets on behalf of a beneficiary or beneficiaries.
◉ Estates. Answer: Everything that a person owns or controls,
especially at death.
◉ Wills. Answer: A legal expression of an individual's wishes
concerning the deposition of his or her property after death.
◉ Liquidity. Answer: The ability to turn financial securities into cash
easily without losing significant value.
◉ Treasury Securities. Answer: A debt instrument (bond) that is
issued by the United States government in order to raise capital.
