EEE 2023 Final Exam (okstate eastham) Questions With Correct Answers.

EEE 2023 Final Exam (okstate eastham)
Questions With Correct Answers
financial |management |deals |with |2 |activities |- |CORRECT |ANSWER✔✔-raising |money |and |
managing |a |companies |finances



financial |managements |overall |question |is... |- |CORRECT |ANSWER✔✔-are |we |in |good |shape |
financially?



entrepreneurial |firm |main |financial |objectives |- |CORRECT |ANSWER✔✔-profitability, |liquidity, |
efficiency, |and |stability



define |profitability |- |CORRECT |ANSWER✔✔-the |ability |to |earn |a |profit



define |liquidity |- |CORRECT |ANSWER✔✔-a |companies |ability |to |meet |its |short |term |financial |
obligations



define |efficiency |- |CORRECT |ANSWER✔✔-how |productively |a |firm |utilizes |its |assets |relative |to |
its |revenue |and |its |profits



define |stability |- |CORRECT |ANSWER✔✔-the |strength |and |vigor |of |the |firms |overall |financial |
posture



define |a |financial |statement |- |CORRECT |ANSWER✔✔-a |written |report |that |quantitatively |
describes |a |firms |financial |health



define |forecasts |- |CORRECT |ANSWER✔✔-an |estimate |of |a |firms |future |income |and |expenses, |
based |on |its |past |performance, |its |current |circumstances, |and |future |plans

,define |budget |- |CORRECT |ANSWER✔✔-itemized |forecasts |of |a |companies |financial |needs



the |process |of |financial |management |- |CORRECT |ANSWER✔✔-preparation |of |historic |financial |
statements

preparation |of |forecasts |preparation |of |pro |forma |financial |statements

ongoing |analysis |of |financial |results



financial |ratios |purpose |is |to |- |CORRECT |ANSWER✔✔-discern |whether |the |firm |is |meeting |its |
financial |objectives |and |how |it |stacks |up |against |its |industry |peers



most |common |SEC |required |filing |form |is |the |- |CORRECT |ANSWER✔✔-10-K



pro |forma |financial |statements |are |- |CORRECT |ANSWER✔✔-projections |for |future |periods |
based |on |forecasts



income |statement |reflects |the |results |of |the |operations |in |a |- |CORRECT |ANSWER✔✔-specific |
period |of |time



define |profit |margin |- |CORRECT |ANSWER✔✔-return |on |sales |(net |income/net |sales)



balance |sheet |reflects |the |result |of |the |operations |in |a |- |CORRECT |ANSWER✔✔-specific |point |
in |time |(snapshot)



what |is |a |firms |current |ratio |- |CORRECT |ANSWER✔✔-the |firms |current |assets |divided |by |its |
current |liabilities

, the |statement |of |cash |flows |depicts |the |changes |in |a |fimrs |- |CORRECT |ANSWER✔✔-cash |
position |for |a |specified |period |of |time



define |break |even |point |- |CORRECT |ANSWER✔✔-total |revenues=total |costs



define |working |capital |- |CORRECT |ANSWER✔✔-current |assets- |current |liabilities



what |is |not |a |question |the |financial |management |of |the |firm |deals |with |- |CORRECT |
ANSWER✔✔-how |can |we |sell |our |products?



what |is |not |a |main |financial |obligation |of |the |firm |- |CORRECT |ANSWER✔✔-affordability



what |is |an |important |tool |for |financial |planning |and |control |- |CORRECT |ANSWER✔✔-budgets



what |is |a |statistical |technique |that |finds |relationships |between |variables |to |predict |future |
values |- |CORRECT |ANSWER✔✔-regression |analysis



to |keep |a |firm |stable |it |must |earn |a |profit |but |also |keep |its |- |CORRECT |ANSWER✔✔-debt |in |
check



what |is |accounting |and |bookkeeping |schedule |- |CORRECT |ANSWER✔✔-business |entity

business |transactions

accountant/ |bookkeeping

analyze, |record, |summarize



when |do |you |have |to |establish |a |merchant |account |- |CORRECT |ANSWER✔✔-if |you |plan |to |
accept |credit |cards