2024+D076- 56/ D076 OA QUESTIONS WITH DETAILED ANSWERS|% PASS A+

2024+D076- 56/ D076 OA QUESTIONS WITH DETAILED ANSWERS|% PASS A+ What are the main services offered by financial institutions? A. Soliciting charitable donations and then managing the distribution of these funds B. Accepting a wide variety of deposits, offering investment products, providing loans, and brokering financial transactions C. Deciding which assets to invest in to create wealth in the future D. Evaluating sources of funding for a business project, the capital structure of a firm, or actions managers could take to increase the value of the firm - ANSWER-B. Accepting a wide variety of deposits, offering investment products, providing loans, and brokering financial transactions Which task does the financial manager of a firm perform that involves the issuance of new stocks and bonds? A. Making financing decisions B. Managing working capital C. Deciding on accounting standards D. Making investing decisions - ANSWER-A. Making financing decisions Why is understanding the definition of finance important in managing personal finances? A. It helps individuals compare the costs and benefits of an action to determine whether to take that action. B. It helps individuals act ethically with regard to finances. C.It helps individuals understand legal issues related to finance. D. It allows individuals to find an investment with the highest return possible. - ANSWER-A. It helps individuals compare the costs and benefits of an action to determine whether to take that action. What is the main objective of personal financial goals? A. To maximize stock investments B. To maximize individual utility C. To maximize charity donations D.