readings 2 Flashcards

1
Q

Legal compliance

A

The extent to which a company conducts its business operations in accordance with applicable regulations, statutes, and laws.

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2
Q

fraud triangle,

A

The three factors that increase the likelihood of an individual committing fraud, as well as other forms of ethical violations; these factors are pressure, opportunity, and rationalization.

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3
Q

Giving Voice to Values

A

An approach to values-driven leadership development that helps you learn how to effectively act on your values and ethical principles in the context of your professional responsibilities

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4
Q

Fraud

A

The act of intentionally deceiving a person or organization or misrepresenting a relationship in order to secure some type of benefit, either financial or nonfinancial.

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5
Q

Triple bottom line (TBL)

A

A measure that accounts for an organization’s results in terms of its effects on people (social), the planet (environmental), and profits (economic)

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6
Q

Corporate social responsibility (CSR)

A

The practice in which a business views itself within a broader context, as a member of society with certain implicit social obligations and responsibility for its own effects on environmental and social well-being.

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7
Q

Financial management

A

The art and science of managing a firm’s money so that it can meet its goals.

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8
Q

The Financial Manager’s Responsibilities and Activities

A

Financial planning:
Investment (spending money):
Financing (raising money):

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9
Q

Financial planning:

A

Preparing the financial plan, which projects revenues, expenditures, and financing needs over a given period.

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10
Q

investment (spending money):

A

Investing the firm’s funds in projects and securities that provide high returns in relation to their risks.

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11
Q

Financing (raising money):

A

Obtaining funding for the firm’s operations and investments and seeking the best balance between debt (borrowed funds) and equity (funds raised through the sale of ownership in the business).

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12
Q

risk-return tradeoff.

A

A basic principle in finance which states that the higher the risk, the greater the return that is required.

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13
Q

cash management

A

Making sure that enough cash is on hand to pay bills as they come due and to meet unexpected expenses

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14
Q

Treasury bill

A

Short-term debt obligations of one year or less issued by the US government.

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15
Q

Certificates of deposits

A

Savings products offered by banks and credit unions. You generally agree to keep your money in the CD without taking a withdrawal for a specified length of time. Withdrawing money early means paying a penalty fee to the bank.

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16
Q

Commercial paper

A

Unsecured short-term debt—an IOU—issued by a financially strong corporation.