WGU C201 BUSINESS ACUMEN OBJECTIVE
ASSESSMENT STUDY GUIDE WITH
QUESTIONS AND CORRECT VERIFIED
ANSWERS GRADED A+ || 100%
GUARANTEED PASS NEWEST VERSION
The _____ is a set of activities involved in converting information and individual
transactions into financial statements. - Answer Accounting Cycle
Of the four financial statements, only the _____ is considered to be a permanent
statement. - Answer Balance Sheet
Correct answer iconYour answer is correct.
How is a cash budget different from the accrual system? - Answer Cash
budgets reflect the timing of actual cash inflows and outflows; the accrual system
matches expenses to the period when they occur
A company's ability to meet its short-term obligations is measured by - Answer
Liquidity Ratios
Inventory turnover describes how efficiently a company is managing its sales and
purchases of inventory. This is an example of a(n) _____ ratio. - Answer
activity
The _____ budget tracks the company's cash inflows and outflows. - Answer
cash
,What are the 3 basic activities of an organziation? - Answer operating,
financing, investing
The financial system is the process by which: - Answer funds are transferred
from savers to users.
The majority of money in the financial system passes through financial _____. -
Answer Institutions and markets
____________ of the 20 largest worldwide banks (measured by total assets) are
U.S. institutions. - Answer four
The financial system is the process by which: - Answer funds are transferred
from savers to users.
The _________ was created in 1934 to administer securities laws and protect
investors in public securities transactions. - Answer SEC
True or False- When the U.S. Federal Reserve pushes lower interest rates, the
growth rate in the money supply will increase. - Answer True
What are the functions of the Federal Reserve System? - Answer Performing
banking-related activities for the Treasury Department
Check clearing
Setting monetary policy
,What is the primary responsibility of the Securities and Exchange Commission
(SEC)? - Answer Administering securities laws and protecting investors
The Federal Reserve manages the money supply: - Answer by allowing the
economy to expand and inflation to remain in check.
_____ are the largest and probably most important financial institution in the
United States. - Answer Commercial Banks
In the context of NYSE stocks, __________ are unique investment firms that
maintain an orderly and liquid market in the stocks assigned to them. - Answer
specialists
What is the world's largest stock market, in terms of the total value of stock traded?
- Answer NYSE (New York Stock Exchange)
What is the type of financial market in which corporations and governments issue
securities and sell them initially to the general public? - Answer primary
When a company offers stock for sale to the general public for the first time: -
Answer it is called an initial public offering (IPO).
An IPO is a(n) _____. - Answer primary market offering
Securities sold by corporations are: - Answer commercial paper.
, Purchasers of common stock: - Answer usually benefit when a company is
growing.
Bondholders are _____ of a corporation. - Answer Creditors
Identify a true statement about mortgage pass-through securities? - Answer
These securities are backed by a pool of mortgage loans purchased from
lenders.
Which of the following is NOT a type of securities? - Answer Cash funds
True or False- Net worth is determined by the value of what you own in
comparison to what you currently owe. - Answer True
In performing their jobs, most finance professionals seek to balance: - Answer
Risk and reward
_____ involves planning, obtaining, and managing a company's funds in order to
accomplish its objectives as efficiently and effectively as possible. - Answer
Finance
The process of maximizing the wealth of a company's shareholders by striking the
optimal balance between risk and return is called _____. - Answer Risk-return
trade-off
A(n) _____, which is short-term in nature, can also be called an operating plan. -
Answer financial plan
ASSESSMENT STUDY GUIDE WITH
QUESTIONS AND CORRECT VERIFIED
ANSWERS GRADED A+ || 100%
GUARANTEED PASS NEWEST VERSION
The _____ is a set of activities involved in converting information and individual
transactions into financial statements. - Answer Accounting Cycle
Of the four financial statements, only the _____ is considered to be a permanent
statement. - Answer Balance Sheet
Correct answer iconYour answer is correct.
How is a cash budget different from the accrual system? - Answer Cash
budgets reflect the timing of actual cash inflows and outflows; the accrual system
matches expenses to the period when they occur
A company's ability to meet its short-term obligations is measured by - Answer
Liquidity Ratios
Inventory turnover describes how efficiently a company is managing its sales and
purchases of inventory. This is an example of a(n) _____ ratio. - Answer
activity
The _____ budget tracks the company's cash inflows and outflows. - Answer
cash
,What are the 3 basic activities of an organziation? - Answer operating,
financing, investing
The financial system is the process by which: - Answer funds are transferred
from savers to users.
The majority of money in the financial system passes through financial _____. -
Answer Institutions and markets
____________ of the 20 largest worldwide banks (measured by total assets) are
U.S. institutions. - Answer four
The financial system is the process by which: - Answer funds are transferred
from savers to users.
The _________ was created in 1934 to administer securities laws and protect
investors in public securities transactions. - Answer SEC
True or False- When the U.S. Federal Reserve pushes lower interest rates, the
growth rate in the money supply will increase. - Answer True
What are the functions of the Federal Reserve System? - Answer Performing
banking-related activities for the Treasury Department
Check clearing
Setting monetary policy
,What is the primary responsibility of the Securities and Exchange Commission
(SEC)? - Answer Administering securities laws and protecting investors
The Federal Reserve manages the money supply: - Answer by allowing the
economy to expand and inflation to remain in check.
_____ are the largest and probably most important financial institution in the
United States. - Answer Commercial Banks
In the context of NYSE stocks, __________ are unique investment firms that
maintain an orderly and liquid market in the stocks assigned to them. - Answer
specialists
What is the world's largest stock market, in terms of the total value of stock traded?
- Answer NYSE (New York Stock Exchange)
What is the type of financial market in which corporations and governments issue
securities and sell them initially to the general public? - Answer primary
When a company offers stock for sale to the general public for the first time: -
Answer it is called an initial public offering (IPO).
An IPO is a(n) _____. - Answer primary market offering
Securities sold by corporations are: - Answer commercial paper.
, Purchasers of common stock: - Answer usually benefit when a company is
growing.
Bondholders are _____ of a corporation. - Answer Creditors
Identify a true statement about mortgage pass-through securities? - Answer
These securities are backed by a pool of mortgage loans purchased from
lenders.
Which of the following is NOT a type of securities? - Answer Cash funds
True or False- Net worth is determined by the value of what you own in
comparison to what you currently owe. - Answer True
In performing their jobs, most finance professionals seek to balance: - Answer
Risk and reward
_____ involves planning, obtaining, and managing a company's funds in order to
accomplish its objectives as efficiently and effectively as possible. - Answer
Finance
The process of maximizing the wealth of a company's shareholders by striking the
optimal balance between risk and return is called _____. - Answer Risk-return
trade-off
A(n) _____, which is short-term in nature, can also be called an operating plan. -
Answer financial plan
