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Comm 101 > Final > Flashcards

Final Flashcards

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1
Q

financial management

A

spending&raising of a firms money

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2
Q

cash flow through business

A

money in: cash sales, investment, borrowed funds, sale of fixed assets, collection of accounts
money out: purchase, payment

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3
Q

financial manager responsibilities

A
  • financial planning
  • investment
  • financing
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4
Q

why business financially fail

A
  • under-capitalization
  • poor control over cash flow
  • inadequate expense control
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5
Q

goal of financial manager

A

maximize the value of the company

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6
Q

risk and return factors

A
  • changing patterns of market demand
  • interest rates
  • economic conditions
  • marketing conditions
  • social issues
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7
Q

short term forecast

A
  • operating plans for 1 year
  • revenues
  • cost of goods
  • operating expense
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8
Q

long term forecast

A
  • strategic plans long than a year

- broader view of financial activities

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9
Q

cash budget

A

forecast cash inflow/outflow

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10
Q

capital budget

A

forecast outlays for fixed assets

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11
Q

operating budget

A

forecast profits and expenses

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12
Q

how organizations use cash(funds)

A
  1. manage daily operations
  2. manage credit
  3. acquire inventory
  4. capital expenditure
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13
Q

debt financing

A
  • no voting rights
  • debt is ranked ahead of equity
  • debt has a stated maturity
  • interest is a deductible expense
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14
Q

equity financing

A
  • voting rights
  • have claim on income
  • not required to pay equity
  • paid from after tax income
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15
Q

trade credit

A

seller extends credit to buyer

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16
Q

secured loan

A

backed by collateral

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17
Q

unsecured loan

A

no collateral

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18
Q

line of credit

A

given amount of unsecured funds; quick borrowing

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19
Q

commercial paper

A
  • unsecured promissory notes
  • short term
  • fixed amount + interest
20
Q

factoring

A
  • sell accounts receivable for cash

- expensive

21
Q

term loan

A
  • long term debt from a lending institution
  • repaid in installments
  • need collateral
22
Q

bonds

A

long term debt

23
Q

debenture bonds

A

an unsecured bond

24
Q

secured bonds

A

backed by collateral

25
Q

callable bond

A

repaid before maturity date

26
Q

convertible bond

A

can be converted into common shares

27
Q

mortgage loan

A

long term loan with real estate as collateral

28
Q

stocks

A

shares of ownership in a company

29
Q

retained earnings

A

profits reinvested back into the business

30
Q

venture capital

A

money that is invested in new companies that have immense profit potential

31
Q

leverage

A

amount of debt used to finance assets; more debt than equity is higher leveraged

32
Q

insurance policy

A

agreement of the risks covered

33
Q

insurable interest

A

insurance applicant’s chance of loss if a particular peril occurs

34
Q

insurable risk

A

risk that can be covered

35
Q

types of insurance

A
  • property
  • health
  • liability
  • life
36
Q

future of financial industry

A

-expanding role of CFO in companies

37
Q

social trends

A

social change influenced by attitudes, values, lifestyles that impact business

38
Q

social responsibility

A

responsibility a business has to its steakholders

39
Q

ethics

A

set of moral standards for judging whether something is right or wrong

40
Q

pyramid of corporate social responsibility

A
  1. philanthropic
  2. ethical
  3. legal
  4. economic(base of pyramid)
41
Q

4 primary reasons of ethical problems in business

A
  1. personal gain and self interest
  2. competitive pressure on profit
  3. conflicts of interest
  4. cross cultural contradictions
42
Q

ethical influence in organizations

A
  • lead by example
  • ethics training
  • establish formal code of ethics
  • ethical decision making
43
Q

whistle blower

A

employee who reports misconduct or harmful or illegal acts by others in the organization

44
Q

ethical relativism

A

concept that holds that ethical behaviour should be defined by various periods in time in history, traditions, personal opinion

45
Q

preconventional development

A

children not old enough to understand whats right or wrong so they turn to their parents

46
Q

conventional development

A

begin to understand their role in social groups and society

47
Q

post conventional

A

think through ethical dilemmas on their own

Comm 101 (1 decks)

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