WGU D076 ALL UNIT TESTS COMPLETE QUESTIONS AND ANSWERS 100% VERIFIED | RATED A+
What are the main services offered by financial institutions? -
... [Show More] Answer>>>Accepting a wide variety of deposits, offering investment products, providing loans, and brokering financial transactions
What is the main objective of personal financial goals? - Answer>>>To maximize individual utility
Which task does the financial manager of a firm perform that involves the issuance of new stocks and bonds? - Answer>>>Making financing decisions
Why is understanding the definition of finance important in managing personal finances? - Answer>>>It helps individuals compare the costs and benefits of an action to determine whether to take that action.
In which type of market would a company issue bonds or stocks for the first time? - Answer>>>Primary market
Which type of financial institution is a mutual fund? - Answer>>>Investment institution
Which financial institution specializes in managing and administering retirement funds? - Answer>>>Pension funds
Which type of economic indicator is the consumer price index? - Answer>>>Lagging indicator
What does the term ethical refer to? - Answer>>>The accepted standards of conduct that guide a person's behavior
A company's officers and board of directors are selling their stocks in the firm at higher prices due to false accounting reports that made the stock seem more valuable than it truly was. Which ethical issue is occurring in this situation? - Answer>>>Agency problem due to conflicting interests
Which area of finance involves deciding which assets to invest in to create wealth in the future? - Answer>>>Investments
What is the main goal of a firm? - Answer>>>To maximize owner wealth
What are financial managers doing if they evaluate whether it is worth spending money on research and development for a new product? - Answer>>>Making an investment decision
Which type of financial market is where securities such as stocks and bonds are traded after their initial issuance? - Answer>>>The secondary financial market [Show Less]