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101BF > Lesson 2.5: Key Positions in the Corporate Organization > Flashcards

Lesson 2.5: Key Positions in the Corporate Organization Flashcards

1
Q

they elect the Board of Directors (BOD)

A

shareholders

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2
Q

each share is equal to

A

one voting right

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3
Q

responsibility of the BOD

A

carry out the objectives of the shareholders,

Otherwise, they would not be elected in that position

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4
Q

the highest policy making body in a
corporation

A

board of directors

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5
Q

board of director’s primary responsibility is the

A

ensure that the corporation is operating to the serve the best interest of the shareholders

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6
Q

the board of directors set

A

policies of investments, capital structure, and dividend policies

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7
Q

the board of directors approve

A

the company’s strategies goals and budgets; the information and other disclosures reported in the financial statements

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8
Q

the board of directors appoint or remove

A

members from the top management including the president

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9
Q

the board of directors determine

A

the top management’s compensation

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10
Q

the role of the president in a corporation may

A

vary from one company to another

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11
Q

the president or CEO approves the

A

information and other disclosures reported in the financial statements

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12
Q

the president or CEO oversees

A

the operations of a company, ensuring that the strategies approved by the board are implemented as planned

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13
Q

the president or CEO perform

A

all areas of management: planning, organizing, staffing, directing, and controlling

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14
Q

the president or CEO represent

A

the company in professional, social, and civic activities

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15
Q

the vp of marketing formulates

A

marketing strategies and plans

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16
Q

the vp of marketing directs and coordinates

A

company sales

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17
Q

the vp of marketing performs

A

market and competitor analysis

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18
Q

the vp of marketing analyzes and evaluates

A

the effectiveness and cost of marketing methods applied

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19
Q

the vp of marketing conducts or directs

A

research that will allow the company to identify new marketing opportunities (e.g. variants of existing product/services already offered in the market)

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20
Q

the vp of marketing promotes

A

good relationships with customers and distributors

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21
Q

the vp of production ensures

A

production meets customer demands

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22
Q

the vp of production identifies

A

production technology/processes that minimizes production cost and make the company cost competitive; adequate and cheap raw material suppliers

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23
Q

the vp of production comes up with

A

a production plan that minimizes the utilization of the company’s production facilities

24
Q

the vp of administration coordinates

A

the functions of administration, finance, and marketing departments

25
Q

the vp of administration assists

A

other departments in hiring employees

26
Q

the vp of administration provides

A

assistance in payroll preparation, payment of vendors, and collection of receivables

27
Q

the vp of administration determines

A

the location and maximum amount of office space needed by the company

28
Q

the vp of administration identifies

A

means, processes, or systems that will minimize the operating costs of the company

29
Q

the role of the vp of finance is

A

determine the appropriate capital structure of the company

30
Q

the vp of finance is also known as

A

financial manager

31
Q

refers to how
much of your total assets financed by debt and how much is financed by equity.

A

capital structure

32
Q

if our assets are bought using cash from the company (from our pockets), it is financed by

A

equity

33
Q

if assets are bought using the money from our borrowings, it is financed by

A

debt

34
Q

functions of financial mangers

A

financing decisions, investing decisions, operating decisions, dividend policies

35
Q

what are financing decisions

A

decisions as to how to finance long-term investments and working capitalw

36
Q

what are investing decisions

A

minimizing the probability of failure by supporting long-term investments with a capital budgeting analysis

37
Q

what are operating decisions

A

deals with the daily operations, especially how to finance working capital accounts such as accounts receivable and inventory

38
Q

a part of profits that are available for
distribution to equity shareholders

A

dividend

39
Q

what are a part of dividend policies

A

financial managers decide whether the firm should distribute all the profits or retain them or distribute a portion and retain the balance

40
Q

include making decisions as to how to finance long-term
investments and working capital-which deals with the day-to-day operations of the
company.

A

financing decisions

41
Q

To minimize the probability of failure, long-term
investments have supported by a capital budgeting analysis.

A

investing decisions

42
Q

– deal with the daily operations of the company especially
on how to finance working capital accounts such as accounts receivable and
inventories

A

operating decisions

43
Q

Dividend is a part of profits that are available for
distribution, to equity shareholders. The Finance manager must decide whether the
firm should distribute all the profits or retain them or distribute a portion and
retain the balance.

A

dividend policies

44
Q

the people that own a company.

A

shareholders

45
Q

shareholders are also known as

A

stockholders or members

46
Q

They invest their money into the company by buying shares, and have the potential to profit from the company if business goes well

A

shareholders

47
Q

responsible for making major corporate decisions, driving the direction of the company, supervising other executives, and overseeing growth plans. They’re accountable to the board of directors or stakeholders of the company and are often the public face of the organization.

A

ceo or president

48
Q

the public face of the organizaiton

A

ceo or president

49
Q

are financial investments that can easily be converted to cash, typically within five years

A

short-term investments

50
Q

short-term investments are also known as

A

marketable securities or temporary investmentes

51
Q

short-term investments are sold or converted to cash after a period of only

A

3-12 months

52
Q

n account a company plans to keep for at least a year

A

long-term investments

53
Q

Long-term investors are generally willing to take

A

more risks for higher rewards

54
Q

examples of long-term investments

A

stocks, bonds, real estate, and cash

55
Q

The company has a choice on whether to finance
working capital needs by

A

long-term or short-term sources

56
Q

dividend policies dictate

A

the amount of dividends paid out by the company and their frequency to its shareholders

101BF (12 decks)

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