Introduction of Financial Management

Question 1

Is essentially the management of money and other financial assets.

Answer 1

Finance

Question 2

Putting money with the promise to repay it in the future, often with interest.

Answer 2

Investing

Question 3

Obtaining money with the promise to repay it in the future, often with interest.

Answer 3

Borrowing

Question 4

Providing money to others with the expectation of receiving it with interest.

Answer 4

Lending

Question 5

Planning how to spend money.

Answer 5

Budgeting

Question 6

Setting aside money for future use.

Answer 6

Saving

Question 7

Predicting future financial performance.

Answer 7

Forecasting

Question 8

Managing individual income, expenses, savings and investments.

Answer 8

Personal Finance

Question 9

How business raise, spend and invest money.

Answer 9

Corporate finance

Question 10

Is the process of planning, organizing, leading and controlling resources to achieve organizational goals efficiently and effectively.

Answer 10

Management

Question 11

Government budgeting, taxation and expenditure.

Answer 11

Public Finance

Question 13

Consists of the highest- ranking executives in an organisation. They are responsible for setting the overall direction, making strategic decisions, and ensuring the company’s long-term success.

Answer 13

Top Level-Management

Question 14

A group of individuals elected by shareholders to oversee the company’s affairs.

Answer 14

Board Of Directors

Question 15

The highest ranking executive responsible for overall company performance.

Answer 15

Chief Executive Officer

Question 16

Responsible for day to day operations and implementing the CEO’s vision.

Answer 16

Chief Operating Officer

Question 17

Oversees financial planning, reporting and risk management.

Answer 17

Chief Financial Officer

Question 18

Responsible for developing and implementing marketing strategies.

Answer 18

Chief Marketing Offer

Question 19

Manages the organisation’s technology infrastructure

Answer 19

Chief Information Officer

Question 20

Oversees employee related functions such as hiring, training and function

Answer 20

Chief Human Resources Officer

Question 21

Often the same as the CEO, but in some organisations, report the CEO.

Answer 21

President

Question 22

Is the layer management that sits between top-level executes and front line employee.

Answer 22

Middle-level Management

Question 23

Common Titles Middle-Level Management

Answer 23

Department Managers
Regional Managers
Plant Managers
Division Heads
Project Managers

Question 24

Is the first level of management in an organisation.

Answer 24

Lower-level Management

Question 25

Common Titles of Lower-level Management

Answer 25

Supervisor Foreman Section Leader Team Leader