FI-354 FINAL EXAM QUESTIONS AND CORRECT ANSWERS

FI-354 FINAL EXAM QUESTIONS AND CORRECT
ANSWERS
Accounting - CORRECT ANSWERS The process of planning, recording, analyzing, and
interpreting financial information.



Accounts Payable - CORRECT ANSWERS All monies owed by the business to others



accounts receivable - CORRECT ANSWERS All monies owed to a firm by its customers



Acquisition of funds - CORRECT ANSWERS Finance activity involving making decisions
about financing



Administration of assets - CORRECT ANSWERS Finance activity involving making decisions
about a firm's investments



Assets - CORRECT ANSWERS Anything of value that a business or individual owns



Capital budgeting - CORRECT ANSWERS A process in which a firm's financial managers
determine which projects it should invest in



Capital investment decisions - CORRECT ANSWERS Decisions that determine which
projects a business will invest in, how the investment(s) will be financed, and whether to pay
dividends to shareholders



Capital structure - CORRECT ANSWERS A firm's mix of financing, usually some
combination of debt and equity