c724 study wgu COMPLETE SOLUTION

c724 study wgu COMPLETE SOLUTION 1. Time: Which concept describes the underlying driver behind all finance 2. TimeWhich answer gives a definition of finance 3. Accounting is backwards looking: Which answer best summarizes how the fields of accounting, finance, and economics relate to each other 4. To maximize short-term profit: Which answer does not represent how fiannce is used in organizations 5. Whether you can accurately calculate the guaranteed return on the invest- ment: Which factor is not something a corporation must consider when making an investment decision 6. The owner must file a separate tax return for the business: Which answer is not a characteristic of a sole proprietorship 7. Sole proprietorship characteristics: The owner is personally liable for the business's debt and obligations. Sole proprietorship does not elect board members 8. There must be at least two business owners: Which answer is a legal char- acteristic of a general partnership 9. The corporation must have an elected board of directors. The corporation is a separate taxable entity from its owners. Shareholders are generally not personally liable for the business's obligations and liabilities.: Which answer best describes a characteristic of a corporation 10. Shareholders generally want the company to pursue riskier projects; bondholders do not. Shareholders are not only paid if the company makes a profit, bondholders are paid regardless. Shareholders have a vote in how the company conducts its buisness; bondholders generally do not: Which answer is a factor that contributes to the conflict of interest between a company and bondholders and its shareholders. 11. Valuation is a forward-looking process, so historical data is unimportant.- : Whic answer is not a true statement regarding the valuation process. 12. Valuation is the process of estimating what something is worth. Valuation can be done on assets or on liabilities. Valuation often relies on fundamental analysis, such as discounted cash flow or net preset value.: What is true about valuation process means: 13. Money markets, risky and used to finance short-term projects. Capital markets, used to finance long-term projects. Derivative markets - Risky and used to finance short-term projects.: Which answer best describes a type of financial market 14. Capital Market: A company needs funds to expand its business by purchasing new equipment. Which financial market should the company use to raise money? 15. Money Market: Used to finance short-term projets 16. Derivative m