WGU D076 OBJECTIVE ASSESSMENT FINANCE SKILLS FOR MANAGERS NEWEST 2024 ACTUAL EXAM 300 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+.pdf

WGU D076 Finance Skills for Managers OA Prep
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1. UNIT 2 n




What are the main services offered by financial institutions?
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1. Deciding which assets to invest in to create wealth in the future
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2. Soliciting charitable donations and then managing the distribution of these f
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unds

3. Evaluating sources of funding for a business project, the capital structure o
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f a firm, or actions managers could take to increase the value of the firm
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4. Accepting a wide variety of deposits, offering investment products, pro-
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viding loans, and brokering financial transactions Ans 4. Accepting a wide vari
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ety of deposits, offering investment products, providing loans, and brokering financi
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al transactions
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Correct! Financial institutions such as banks, insurance companies, and mutual fund
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mpanies provide these services. n n n




2. UNIT 2 n




What is the main objective of personal financial goals?
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1. To maximize stock investments
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2. To maximize owner wealth
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3. To maximize charity donations
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,4. To maximize individual utility Ans 4. To maximize individual utility
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Correct! You set goals and act to increase your satisfaction or happiness by taking ca
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of necessities and achieving priorities.
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3. UNIT 2 n




Which task does the financial manager of a firm perform that involves the issua
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ce of new stocks and bonds?
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1. Deciding on accounting standards
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2. Making financing decisions
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,3. Managing working capital n n




4. Making investing decisions Ans 2. Making financing decisions
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Correct! Once investment decisions are made, a financial manager considers differ-
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n ent possibilities of financing sources for the investments. This may include issuing ne
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stocks and bonds. n n




4. UNIT 2 n




Why is understanding the definition of finance important in managing person-
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n al finances?
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1. It helps individuals act ethically with regard to finances.
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2. It helps individuals understand legal issues related to finance.
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3. It helps individuals compare the costs and benefits of an action to determine w
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hether to take that action.
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4. It allows individuals to find an investment with the highest return possible.-
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n Ans 3. It helps individuals compare the costs and benefits of an action to determine w
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ether to take that action.
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Correct! Any financial decision should make sense in terms of its costs and benefits.
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5. UNIT 2 n




In which type of market would a company issue bonds or stocks for the first tim
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?

1. Dealer market n




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, 2. Money market n




3. Secondary market n




4. Primary market Ans 4. Primary market
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Correct! This is the purpose of a primary market.
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6. UNIT 2 n




Which type of financial institution is a mutual fund?
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