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AGEX > ABM > Flashcards

ABM Flashcards

1
Q
  • may be defined as “a course of action aimed at ensuring that the organization will achieve its objectives.
A

Strategy

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2
Q
  • refers to “the management function of anticipating the future and determining the best courses of action to achieve company objectives.
A

Planning

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3
Q
  • refers to “the process of determining the major objectives of an organization and defining the strategies that will govern the acquisition and utilization of resources to achieve these objectives.”
A

Strategic Planning

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4
Q

– may be defined as the study of the
acquisition and investment of cash for the purpose of
enhancing value and wealth.

A

Finance

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5
Q

2 Categories of Finance

A

PUBLIC FINANCE
PRIVATE FINANCE

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6
Q

3 Category of Private Finance

A
  1. Personal Finance
  2. The finance of non-profit organizations,
  3. Business finance
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7
Q

is that category of general
finance , which deals with the revenue and
expenditure patterns of the government and their
various effects on the economy

A

PUBLIC FINANCE

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8
Q

is concerned with
the fundamentals of managing one’s
own personal money affairs.
The finance of non-profit
organizations includes private
undertakings such as charity, religion,
and some private educational
institutions

A

PERSONAL FINANCE

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9
Q

This category deals with the area

A

PRIVATE FINANCE

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10
Q

Fundamental Concepts and Tools of
Business Finance

A

Basic Concepts
- The goals of Business Finance
- The Financial Statement
- The Budget
- Significance of Financial Statements
and Budgets

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11
Q

It refers to the provision of money for commercial
use

A

Business FINANCE

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12
Q

The Goals of Business Finance

A
  1. Maximizing profit;
  2. maximizing profitability;
  3. maximizing profit subject to cash constraint
  4. maximizing net present worth and
  5. seeking an optimum position along a riskreturn frontier.
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13
Q

means realizing the highest
possible peso or dollar income.

A

MAXIMIZING PROCESS

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14
Q

This concept indicates
that money increases in value with the passing of
time . A peso today could be deposited in a bank
and made to earn interest. This capacity to earn
makes the peso today worth more than the peso
that would be received in the future

A

TIME VALUE OF MONEY

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15
Q
  • means realizing the highest
    possible peso or dollar income.
A

Maximizing Profit

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16
Q

are those that present
financial information to various interested parties.

A

FINANCIAL STATEMENT

17
Q

Various types of financial Statements

A
  1. The balance sheet
  2. The profit and loss statement
18
Q

is the statement produced
periodically , normally at the end of a financial
year, showing an organization’s assets, liabilities,
and the interest of the owners.

A

The Balanced sheet

19
Q

ection of the balance
sheet shows everything that the firm owns and
which has the monetary value.

A

Assets

20
Q

Assets are classified into four item

A

CURRENT ASSETS
TRADE INVESTMENTS
FIXED ASSETS
INTANGIBLE ASSETS

21
Q

It shows the profile of the debts of the
company

A

LIABILITIES

22
Q

LIABILITIES are classified into several items:

A

Accounts Payable
Loans and Notes Payable
Advances from customers
Accrued Expenses
Mortgage Payable
Bonds payable

23
Q

These are composed of cash,
bank deposits, and other items readily convertible into
cash like accounts receivable, stocks and work-inprocess, and marketable securities;

A

CURRENT ASSETS

24
Q

These items show the firms
ownership of property like land, buildings, plan and
machinery, equipment, vehicles, furniture and fixtures,
all valued at cost less depreciation written off

A

Fixed Assets

25
Q

These items present goodwill,
patents, copyright which are attributed to the firm.

A

Intangible assets

26
Q

Awareness of the environment where the
business operates provides a better
perspective to the one making
decisions relating to the finance
function.

A

FINANCIAL MARKETS

27
Q

It refers to lending by ultimate
borrowers with no intermediary.

A

DIRECT FINANCE

28
Q

Methods of Direct Financing

A
  1. Private placements;
  2. Brokers and dealers ; and
  3. Investment brokers .
29
Q

refers to the selling of securities
by private negotiation directly to insurance companies,
commercial banks, pension funds, large –scale
corporate investors, and wealthy individual investors

A

PRIVATE PLACEMENT

30
Q

is one who acts an intermediary between
buyers and sellers but does not take tile to the
securities traded.

A

A broker

31
Q

is one who is in the security
business acting as a principal rather than an
agent.

A

A Dealer

32
Q

refers to lending by an ultimate
lender to a financial intermediary that then relends to
ultimate borrowers. Financial intermediaries include
commercial banks, mutual savings banks, credit
unions, life insurance companies, and pension funds

A

Indirect Finance

33
Q

6 Classification of Financial Markets

A
  1. Primary market
  2. secondary market
  3. money market
  4. capital market
  5. bond market
  6. stock market
34
Q

THE FOUR P’S

A

Product
Price
Promotion
Place

AGEX (2 decks)

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