BUS 210 INTRO TO BUSINESS MILESTONE 4 SOPHIA QUESTIONS WITH VERIFIED ANSWER,100%CORRECT

BUS 210 INTRO TO BUSINESS MILESTONE 4 SOPHIA QUESTIONS WITH VERIFIED ANSWER 1 Which of the following is true about a budget? ● It is shared with investors to verify the financial health of a business. ● It is used to compare the assets of a business to its liabilities. ● It is used to monitor the costs of potential business risks. ● It is used to balance financial priorities with organizational goals. CONCEPT Role of Financial Management 2 Kirsten was the financial manager for a chain of ladies' apparel stores. She reviewed the weekly operating activities, such as buying inventory, paying employees to work in retail stores and paying rent on the retail spaces. Which responsibility of a financial manager below does this scenario describe? ● Getting funds for investment opportunities ● Overseeing day-to-day financial activities ● Managing risks taken by the business ● Determining long term investments CONCEPT Financial Accounting as Compared to Managerial Accounting 3 Which of the types of companies below is more likely to use secured short term financing? ● A company with an excellent credit history ● A company that has little collateral to provide to obtain a loan ● A company that provides services rather than products ● A company with a poor credit rating CONCEPT Secured Short Term Financing 4 Select the institution below that provides loan services but does NOT accept deposits.