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Business Finance:Ist Quarter > Review:1st Summative > Flashcards

Review:1st Summative Flashcards

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1
Q

It is essentially the management of money and other financial assets

A

Finance

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2
Q

Finance involves:

A

Investing
Borrowing
Lending
Budgeting
Saving
Forecasting

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3
Q

It is to put miney into assetes (stocks, bonds/real estates) with the expectations of financial returen

A

Investing

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4
Q

It is the obtaining of money with the promise to repay it in the future with interest.

A

Borrowing

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5
Q

It is to provide money to others expecting to receive the money back with interest

A

Lending

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6
Q

It is the planning of how to spend money

A

Budgeting

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7
Q

Setting aside money for future use

A

Saving

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8
Q

Predicting fitire financial performance

A

Forecasting

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9
Q

Three key areas of finance

A

Personal Finance
Corporate Finance
Public Finance

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10
Q

A key area of finance that manages individual finances

A

Personal Finance

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11
Q

A key area of finance that manages how a business raise, spend and invest money.

A

Corporate finance

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12
Q

A key area of finance that involves government budgeting, taxation and spending

A

Public Finance

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13
Q

It is the process of planning, organizing, leading, and controlling resources.

A

Management

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14
Q

It involves coordinating people, processes, and technology to accomplish tasks and objectives.

A

Management

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15
Q

In essence, it is about gettin things done through others.

A

Management

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16
Q

Three Levels of Management

A

Top-Level Management
Middle-Level Management
Lower-Level Management

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17
Q

This consist of teh highest ranking executives, that are responsible for setting the overall direction

A

Top-Level Management

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18
Q

Responsible for overall company performance

A

CEO/Chief Executive Officer

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19
Q

Responsible for day to day operations

A

COO/Chied Operations Officer

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20
Q

Oversees financial planning and risk management

A

CFO/Chief Financial Officer

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21
Q

Develops and implements marketing strategies

A

CMO/Chief Marketing Officer

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22
Q

Responsible for technology infrastructure

A

CIO/Chief Information Officer

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23
Q

A position that is employee related.

A

CHRO/Chief Human Resources Officer

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24
Q

They may be the CEO or reports to the CEO

A

President

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25
Q

This level of anagement acts as a bridge

A

Middle-Level Management

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26
Q

Examples of Middle Level Managers

A

Department Managers
Regional Managers
Plant Managers
Division Managers
Project Managers

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27
Q

This level of management often is refferred as Supervisory/Operaitonal Management as they are directly involved to daily operations

A

Lower-Level Management

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28
Q

Examples of Lower-Level Management

A

Supervisor
Foreman
Section Leader
Team Leader

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29
Q

“Management is the art and science of getting things done”

A

Remember

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30
Q

The art of managing money

A

Financial Management

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31
Q

The strategic planning, organizing, directing, and controlling of financial understandinng within an organization/individual. Essentially about making sound financial decisions to achive specific goals

A

Financial Management

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32
Q

Key Components of Financial Management

A

Planning
Organizing
Directing
Controlling

33
Q

A key component of financial management that creates objectives, budgets, and forecasting.

A

Planning

34
Q

A key component of financial management that establishes financial structures and systems to support goals. Example obtainig funds from a financial institution to finance operations, equipment or real estate

A

Organizing

35
Q

A key component of financial management that oversees financial operaitons and making day to day decisions. Example, deciding on the optimal allocaiton of cash reserves, investing excess funds or securing additional financing to meet short term obligations

A

Directing

36
Q

A key component of financial management that monitors financial performances, analyzes financial data and taking corrective actions. Example, comparing actual results to budgeted figures to identifu deviations

A

Controlling

37
Q

Goals of Financial Management

A

Profit Maximazation
Wealth Maximization
Efficient Resource Allocation
Risk Management
Liquidity Management

38
Q

A goal of finacial management that increases profitability for shareholders.

A

Profit Maximazation

39
Q

A goal of finacial management that grows the overall value of the organization

A

Wealth Maximazation

40
Q

A goal of finacial management that optimizes the use of funds

A

Efficient Resource Allocation

41
Q

A goal of finacial management that protects the organizations financial health

A

Risk Management

42
Q

A goal of finacial management that ensures sufficient cash flow to meet obligations

A

Liquidity Management

43
Q

What are the importance of financial management

A

Decision Making
Performance Evaluation
Resource Allocation
Investor Confidence

44
Q

An importance of financial management that provides financial information to support informed decision.

A

Decision Making

45
Q

An importance of financial management that measures the organizational financial success.

A

Performance Evaluation

46
Q

An importance of financial management that determines how to use funds effectively

A

Resource Allocation

47
Q

An importance of financial management that demonstrates financial stability and growth potential

A

Investor Confidence

48
Q

A network of institutions and markets that facilitates the transfer of funds between savers and borrowers. It’s where money goes to work

A

Financial System

49
Q

Study City as Finacial System

A

Notebook

50
Q

Financial Intermediaries that are the most familiar

A

Banks

51
Q

Financial Intermediaries that pool monay from many people to pay for large, unexpected losses (like house fires or car accidents)

A

Insurance Companies

52
Q

Financial Intermediaries that are in the marketplace where shares of companies are brought and sold.

A

Stock Exchanges

53
Q

Financial stocks or bondsthat helps companies raise money by issuing

A

Investment Banks

54
Q

Financial Intermediaries that are like banks but are smaller. Often offers a higher saving rate and lower loan rates

A

Credit Unions

55
Q

Financial Intermediaries that collect and invest contributions from employees and employers to provide retirement income

A

Pension Funds

56
Q

Financial Intermediaries that pool money from many investors who buy a variety of securities, offering diversification and proffesional management.

A

Mutual Funds

57
Q

What are the importance of Financial System

A

Economic Growth
Risk Management
Efficiency

58
Q

An importance of Financnial System that channels savings into investments.

A

Economis Growth
Financial System fuels economic growth

59
Q

An importance of Financnial System that are insurance companies that help protect individuals and business from financial losses

A

Risk Management

60
Q

An importance of Financnial System that facilititates the smooth flow of funds

A

Efficiency

61
Q

Is a complex network and is regerdless the backbone of the economy

A

Financial System

62
Q

Forms of business organizations

A

Sole proprietorship
Partnership
Cooperative
Corporation

63
Q

Is the easiest and least expensive form of business. Has unlimited liability

A

Sole proprietorship

64
Q

All partners share in management and liability

A

General Partnership

65
Q

Has at least one general partner that has unlimited liabilty, while the other partners invest money but have limited liabilty

A

Limited Partnership

66
Q

Is owned by a group of individuals for their mutual benefit with democratic ownership and control

A

Cooperative

67
Q

Is a legal entity separate from it’s owners and has double taxation

A

Corporation

68
Q

2 primary types of equity securities

A

Common shares
Preffered shares

69
Q

An equity security thta has voting rights, dividends that are not guaranteed, are lowest priority in asset distribution, and has higher risk but higher potential return

A

Common Shares

70
Q

An equity security that has no/limited votong rights, has fixed dividends, are higher priority but has lower risk and lower potential return

A

Preferred Shares

71
Q

Essentially a contract that represents a financial asset. It is the building blcks of the financial world, they serve as vehiicles

A

Financial Instruments

72
Q

Classification of Financial Instruments

A

Equity Instruments/Equity Securities
Debt Instruments/Debt Securities

73
Q

Is a financial instruments that represent ownership in a company

A

Equity Instruments/Securitiess

74
Q

Is a financial instruments that represents a loan from an investor to a borrower

A

Debt Instruments/Securities

75
Q

Are fixed income securities with a specified maturity date and interest rate

A

Bonds

76
Q

Are short term unsecured promissory notes issued by corporations.

A

Commercial Papers

77
Q

Are time deposits offered by banks with fixed interest rate

A

Certificate of Deposits

78
Q

What are 2 ways to invest in stocks

A

Stock Price Appreciation
Dividends

79
Q
A

Business Finance:Ist Quarter (2 decks)

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