FI-354 UPDATED FINAL EXAM QUESTIONS AND
CORRECT ANSWERS
Finance is the business function that involves managing: - CORRECT ANSWERS Money.
The goals of the finance function are to ensure profitability and: - CORRECT
ANSWERS Reduce risks.
Accounting is distinct from finance because its main focus is on: - CORRECT
ANSWERS Recordkeeping activities.
The administration of assets refers to decisions about: - CORRECT ANSWERS Investments.
T
Decisions about financing refer to the: - CORRECT ANSWERS Acquisition of funds.
The finance function ensures that the company's financial goals are: - CORRECT
ANSWERS In line with organizational priorities.
How does the finance function relate to company spending? - CORRECT ANSWERS It plans
and controls spending.
Money the business owes is known as: - CORRECT ANSWERS Accounts payable.
Money owed to the business is known as: - CORRECT ANSWERS Accounts receivable.
CORRECT ANSWERS
Finance is the business function that involves managing: - CORRECT ANSWERS Money.
The goals of the finance function are to ensure profitability and: - CORRECT
ANSWERS Reduce risks.
Accounting is distinct from finance because its main focus is on: - CORRECT
ANSWERS Recordkeeping activities.
The administration of assets refers to decisions about: - CORRECT ANSWERS Investments.
T
Decisions about financing refer to the: - CORRECT ANSWERS Acquisition of funds.
The finance function ensures that the company's financial goals are: - CORRECT
ANSWERS In line with organizational priorities.
How does the finance function relate to company spending? - CORRECT ANSWERS It plans
and controls spending.
Money the business owes is known as: - CORRECT ANSWERS Accounts payable.
Money owed to the business is known as: - CORRECT ANSWERS Accounts receivable.
