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The four basic areas of finance include investments, financial institutions, international finance,
and _ finance. correct answers corporate
Business finance is broadly concerned with which of the following (select all that apply)? correct
answers Which long-term investment to make
How to finance long-term investments
How to manage day-to-day finances of the firm
Which of the following positions generally report to the chief financial officer (CFO)? correct
answers Treasurer
Controller
Which of these topics is not of especial interest to a financial manager? correct answers Debt
______ budgeting is the process of planning and managing a firm's long-term assets. correct
answers Capital
Which of the following is NOT one of the basic areas of finance? correct answers Personal
finance
A sole proprietor has ______ personal liability for all business debts and obligations. correct
answers unlimited
According to the textbook, which of the following is not one of the three main questions to be
addressed if you wanted to start your own business? correct answers How many employees will I
need?
Three main questions to address if you want to start your own business correct answers What
long-term investments should be made?
How many employees will I need?
How will everyday financial activities be handled?
In large firms, financial activity is usually associated with which top officer? correct answers
Chief financial officer
What three subjects is the financial manager concerned with? correct answers capital budgeting
working capital management
capital structure
Capital budgeting is concerned with making and managing expenditures on _____. correct
answers long-term assets