C214 Pre-Assessment
Financial Management
(Western Governors
University)
, WGU KNOWLEDGE CENTER
PRE-ASSESSMENT: FINANCIAL MANAGEMENT (PVCC)
Attempt #1 Status:
Not Passed
1. How can a private firm appropriately maximize shareholder value?
YOUR
CORREC
ANSWE
T
R
ANSWE
R
By increasing the firm’s stock price
By reducing the firm's labor
By making decisions that keep the control of the business with the owners
2. Why are American regulators focused on international investing in a global
marketplace?
CORREC
YOUR
T
ANSWE
ANSWE
R
R
Because international investing in a global marketplace is the
concern of American investors
Because an exclusively domestically focused regulatory
approach is still effective
Because weaving international concerns into domestic
policy is cost-effective
Because other jurisdictions have the same priorities and
solutions as the United States
3. What is one of the two basic types of financial
instruments?
YOUR CORREC
ANSWE T
R ANSWE
R
Checking accounts
Bonds
Euros
Hedge
funds
,4. What are the likeliest outcomes if a company outsources the manufacturing of its
products to a foreign country?
, Choose 2 answers.
YOUR CORRECT
ANSWER ANSWER
Consumer prices will decrease.
Tariffs will decrease.
Domestic wages will increase.
Production capacity will decrease.
Domestic employment will decrease.
5. What do the content and structure of a balance sheet
report?
YOUR CORREC
ANSWE T
R ANSWE
R
The gains and losses at a point in time
The revenues and expenses for a period
of time The assets, liabilities, and equity
at a point in time
The expenses, assets, and liabilities for a period in time
6. A company reported an increase in accounts receivable of $5,000 during the recent
period. Half of this amount is expected to be collected next period.
How will this change in accounts receivable affect the cash flows from the operating activities
section?
YOUR CORRECT
ANSWER ANSWER
The change will decrease cash flows from operations by
$2,500.
The change will increase cash flows from operations by
$2,500.
The change will increase cash flows from operations by
$5,000.
The change will decrease cash flows from operations by
$5,000.
7. Which statement accurately explains the recognition of revenues and expenses under
accounting income an income for tax purposes?
YOUR ANSW
Financial Management
(Western Governors
University)
, WGU KNOWLEDGE CENTER
PRE-ASSESSMENT: FINANCIAL MANAGEMENT (PVCC)
Attempt #1 Status:
Not Passed
1. How can a private firm appropriately maximize shareholder value?
YOUR
CORREC
ANSWE
T
R
ANSWE
R
By increasing the firm’s stock price
By reducing the firm's labor
By making decisions that keep the control of the business with the owners
2. Why are American regulators focused on international investing in a global
marketplace?
CORREC
YOUR
T
ANSWE
ANSWE
R
R
Because international investing in a global marketplace is the
concern of American investors
Because an exclusively domestically focused regulatory
approach is still effective
Because weaving international concerns into domestic
policy is cost-effective
Because other jurisdictions have the same priorities and
solutions as the United States
3. What is one of the two basic types of financial
instruments?
YOUR CORREC
ANSWE T
R ANSWE
R
Checking accounts
Bonds
Euros
Hedge
funds
,4. What are the likeliest outcomes if a company outsources the manufacturing of its
products to a foreign country?
, Choose 2 answers.
YOUR CORRECT
ANSWER ANSWER
Consumer prices will decrease.
Tariffs will decrease.
Domestic wages will increase.
Production capacity will decrease.
Domestic employment will decrease.
5. What do the content and structure of a balance sheet
report?
YOUR CORREC
ANSWE T
R ANSWE
R
The gains and losses at a point in time
The revenues and expenses for a period
of time The assets, liabilities, and equity
at a point in time
The expenses, assets, and liabilities for a period in time
6. A company reported an increase in accounts receivable of $5,000 during the recent
period. Half of this amount is expected to be collected next period.
How will this change in accounts receivable affect the cash flows from the operating activities
section?
YOUR CORRECT
ANSWER ANSWER
The change will decrease cash flows from operations by
$2,500.
The change will increase cash flows from operations by
$2,500.
The change will increase cash flows from operations by
$5,000.
The change will decrease cash flows from operations by
$5,000.
7. Which statement accurately explains the recognition of revenues and expenses under
accounting income an income for tax purposes?
YOUR ANSW
