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Business Finance:Ist Quarter > Review:1st Summative > Flashcards

Review:1st Summative Flashcards

(79 cards)

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1
Q

It is essentially the management of money and other financial assets

A

Finance

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2
Q

Finance involves:

A

Investing
Borrowing
Lending
Budgeting
Saving
Forecasting

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3
Q

It is to put miney into assetes (stocks, bonds/real estates) with the expectations of financial returen

A

Investing

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4
Q

It is the obtaining of money with the promise to repay it in the future with interest.

A

Borrowing

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5
Q

It is to provide money to others expecting to receive the money back with interest

A

Lending

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6
Q

It is the planning of how to spend money

A

Budgeting

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7
Q

Setting aside money for future use

A

Saving

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8
Q

Predicting fitire financial performance

A

Forecasting

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9
Q

Three key areas of finance

A

Personal Finance
Corporate Finance
Public Finance

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10
Q

A key area of finance that manages individual finances

A

Personal Finance

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11
Q

A key area of finance that manages how a business raise, spend and invest money.

A

Corporate finance

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12
Q

A key area of finance that involves government budgeting, taxation and spending

A

Public Finance

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13
Q

It is the process of planning, organizing, leading, and controlling resources.

A

Management

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14
Q

It involves coordinating people, processes, and technology to accomplish tasks and objectives.

A

Management

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15
Q

In essence, it is about gettin things done through others.

A

Management

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16
Q

Three Levels of Management

A

Top-Level Management
Middle-Level Management
Lower-Level Management

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17
Q

This consist of teh highest ranking executives, that are responsible for setting the overall direction

A

Top-Level Management

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18
Q

Responsible for overall company performance

A

CEO/Chief Executive Officer

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19
Q

Responsible for day to day operations

A

COO/Chied Operations Officer

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20
Q

Oversees financial planning and risk management

A

CFO/Chief Financial Officer

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21
Q

Develops and implements marketing strategies

A

CMO/Chief Marketing Officer

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22
Q

Responsible for technology infrastructure

A

CIO/Chief Information Officer

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23
Q

A position that is employee related.

A

CHRO/Chief Human Resources Officer

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24
Q

They may be the CEO or reports to the CEO

A

President

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25
This level of anagement acts as a bridge
Middle-Level Management
26
Examples of Middle Level Managers
Department Managers Regional Managers Plant Managers Division Managers Project Managers
27
This level of management often is refferred as Supervisory/Operaitonal Management as they are directly involved to daily operations
Lower-Level Management
28
Examples of Lower-Level Management
Supervisor Foreman Section Leader Team Leader
29
"Management is the art and science of getting things done"
Remember
30
The art of managing money
Financial Management
31
The strategic planning, organizing, directing, and controlling of financial understandinng within an organization/individual. Essentially about making sound financial decisions to achive specific goals
Financial Management
32
Key Components of Financial Management
Planning Organizing Directing Controlling
33
A key component of financial management that creates objectives, budgets, and forecasting.
Planning
34
A key component of financial management that establishes financial structures and systems to support goals. Example obtainig funds from a financial institution to finance operations, equipment or real estate
Organizing
35
A key component of financial management that oversees financial operaitons and making day to day decisions. Example, deciding on the optimal allocaiton of cash reserves, investing excess funds or securing additional financing to meet short term obligations
Directing
36
A key component of financial management that monitors financial performances, analyzes financial data and taking corrective actions. Example, comparing actual results to budgeted figures to identifu deviations
Controlling
37
Goals of Financial Management
Profit Maximazation Wealth Maximization Efficient Resource Allocation Risk Management Liquidity Management
38
A goal of finacial management that increases profitability for shareholders.
Profit Maximazation
39
A goal of finacial management that grows the overall value of the organization
Wealth Maximazation
40
A goal of finacial management that optimizes the use of funds
Efficient Resource Allocation
41
A goal of finacial management that protects the organizations financial health
Risk Management
42
A goal of finacial management that ensures sufficient cash flow to meet obligations
Liquidity Management
43
What are the importance of financial management
Decision Making Performance Evaluation Resource Allocation Investor Confidence
44
An importance of financial management that provides financial information to support informed decision.
Decision Making
45
An importance of financial management that measures the organizational financial success.
Performance Evaluation
46
An importance of financial management that determines how to use funds effectively
Resource Allocation
47
An importance of financial management that demonstrates financial stability and growth potential
Investor Confidence
48
A network of institutions and markets that facilitates the transfer of funds between savers and borrowers. It's where money goes to work
Financial System
49
Study City as Finacial System
Notebook
50
Financial Intermediaries that are the most familiar
Banks
51
Financial Intermediaries that pool monay from many people to pay for large, unexpected losses (like house fires or car accidents)
Insurance Companies
52
Financial Intermediaries that are in the marketplace where shares of companies are brought and sold.
Stock Exchanges
53
Financial stocks or bondsthat helps companies raise money by issuing
Investment Banks
54
Financial Intermediaries that are like banks but are smaller. Often offers a higher saving rate and lower loan rates
Credit Unions
55
Financial Intermediaries that collect and invest contributions from employees and employers to provide retirement income
Pension Funds
56
Financial Intermediaries that pool money from many investors who buy a variety of securities, offering diversification and proffesional management.
Mutual Funds
57
What are the importance of Financial System
Economic Growth Risk Management Efficiency
58
An importance of Financnial System that channels savings into investments.
Economis Growth Financial System fuels economic growth
59
An importance of Financnial System that are insurance companies that help protect individuals and business from financial losses
Risk Management
60
An importance of Financnial System that facilititates the smooth flow of funds
Efficiency
61
Is a complex network and is regerdless the backbone of the economy
Financial System
62
Forms of business organizations
Sole proprietorship Partnership Cooperative Corporation
63
Is the easiest and least expensive form of business. Has unlimited liability
Sole proprietorship
64
All partners share in management and liability
General Partnership
65
Has at least one general partner that has unlimited liabilty, while the other partners invest money but have limited liabilty
Limited Partnership
66
Is owned by a group of individuals for their mutual benefit with democratic ownership and control
Cooperative
67
Is a legal entity separate from it's owners and has double taxation
Corporation
68
2 primary types of equity securities
Common shares Preffered shares
69
An equity security thta has voting rights, dividends that are not guaranteed, are lowest priority in asset distribution, and has higher risk but higher potential return
Common Shares
70
An equity security that has no/limited votong rights, has fixed dividends, are higher priority but has lower risk and lower potential return
Preferred Shares
71
Essentially a contract that represents a financial asset. It is the building blcks of the financial world, they serve as vehiicles
Financial Instruments
72
Classification of Financial Instruments
Equity Instruments/Equity Securities Debt Instruments/Debt Securities
73
Is a financial instruments that represent ownership in a company
Equity Instruments/Securitiess
74
Is a financial instruments that represents a loan from an investor to a borrower
Debt Instruments/Securities
75
Are fixed income securities with a specified maturity date and interest rate
Bonds
76
Are short term unsecured promissory notes issued by corporations.
Commercial Papers
77
Are time deposits offered by banks with fixed interest rate
Certificate of Deposits
78
What are 2 ways to invest in stocks
Stock Price Appreciation Dividends
79

Business Finance:Ist Quarter (2 decks)

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