FI-354 Posttest questions well
answered already passed
Finance is the business function that involves managing - correct answer ✔✔money.
The goals of the finance function are to ensure profitability and - correct answer ✔✔reduce
risks.
Accounting is distinct from finance because its main focus is on - correct answer
✔✔recordkeeping activities.
The administration of assets refers to decisions about - correct answer ✔✔investments.
Decisions about financing refer to the - correct answer ✔✔acquisition of funds.
The finance function ensures that the company's financial goals are - correct answer ✔✔in line
with organizational priorities.
How does the finance function relate to company spending? - correct answer ✔✔It plans and
controls spending.
Money the business owes is known as - correct answer ✔✔accounts payable.
Money owed to the business is known as - correct answer ✔✔accounts receivable.
answered already passed
Finance is the business function that involves managing - correct answer ✔✔money.
The goals of the finance function are to ensure profitability and - correct answer ✔✔reduce
risks.
Accounting is distinct from finance because its main focus is on - correct answer
✔✔recordkeeping activities.
The administration of assets refers to decisions about - correct answer ✔✔investments.
Decisions about financing refer to the - correct answer ✔✔acquisition of funds.
The finance function ensures that the company's financial goals are - correct answer ✔✔in line
with organizational priorities.
How does the finance function relate to company spending? - correct answer ✔✔It plans and
controls spending.
Money the business owes is known as - correct answer ✔✔accounts payable.
Money owed to the business is known as - correct answer ✔✔accounts receivable.
