Sophia Finance Challenge 01 answers

Sophia Finance Challenge 01 answers The primary purpose of finance is to __________. a.) manage assets in a way that maximizes returns b.) keep track of a business's cash flow c.) study the effects of the economy on businesses d.) pay off debt as quickly as possible Finance is the study of fund management and ___________. a.) credit b.) economics c.) accounting d.) asset allocation Corporate finance focuses primarily on decisions related to __________. a.) distribution and marketing b.) record-keeping and communication c.) production and advertising d.) investment and financing The price at which an asset would trade in a competitive setting is its __________. a.) market value b.) book value c.) fundamental value d.) stakeholder value Valuation may be determined through __________. a.) allocation of scarce resources b.) oversight of corporate governance c.) implementation of business strategies d.) fundamental analysis of financial statements ______ is the process of determining the price that market participants would likely pay for something. a.) Valuation b.) Accounting c.) Financing d.) Analysis Crowdfunding is an example of a recent trend in finance known as __________. a.) peer-to-peer lending b.) algorithmic trading c.) impact investing d.) credit A recent trend in finance that attempts to ease poverty by offering products like business loans to low-income borrowers is __________. a.) algorithmic trading b.) crowdfunding c.) microfinancing d.) impact investing The recent trend of making investment decisions based on a mix of financial, social and environmental considerations is known as __________. a.) impact investing b.) crowdfunding c.) microfinancing d.) angel investing Business managers who behave in accordance with their personal ethical beliefs, even in the face of difficulty, have strong __________. a.) moral imagination b.) moral creativity c.) moral reasonableness d.) moral character When businesses work to understand, identify and eliminate unethical behaviors, they are displaying __________. a.) moral universalism b.) ethnocentrism c.) corporate social responsibility d.) cultural relativism Businesses must be conscious of the __________, or social norms and beliefs in which they operate. a.) moral sensitivity b.) culture c.) ethnocentrism d.) relativism Vivienne is the CEO of a multinational company that produces mass-market, lowcost toys for children with sensory processing challenges. The company's workforce is grouped into their specific skills and tasks, such as finance, sales, development and production. What form of business structure is used by Vivienne's company? a.) Pre-bureaucratic b.) Matrix c.) Functional d.) Divisional James is an entrepreneur who decides to open a dog walking business. He wants a simple form of organization that allows him to maintain complete control over the business and receive 100% of the profits. He is not particularly concerned about liability. Which form of business structure would clearly meet James's need? a.) Limited liability corporation b.) Corporation c.) Partnership d.) Sole proprietorship Jenna is seeking to raise money to develop a new app where individuals can buy and sell used clothing. She is looking for long-term investors in her product, and she wants to protect her personal assets from any liabilities associated with borrowing capital. Which form of business structure would clearly meet Jenna's needs? a.) Partnership b.) Corporation c.) Sole proprietorship d.) Limited liability partnership