True or False. 1. Business is purely profit-oriented. 2. Finance is the function in business which is responsible for managing the aspect of the operations that deals with money matters. 3.Finance is the allocation of limited resources to the unlimited needs of business.
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True or False.
1. Business is purely profit-oriented.
2. Finance is the function in business which is responsible for managing the aspect of the operations that deals with money matters.
3.Finance is the allocation of limited resources to the unlimited needs of business.
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- True or False. 1. Finance is the allocation of limited resources to the unlimited needs of business. 2. Business is purely profit-oriented. 3.Management accounting reports on the profitability (and therefore the efficiency) of a business, whereas financial accounting reports om specifically what is causing problems and how to fix them. True or false?Indicate whether the following statements are (True) or (False) and correct the false statements: Accounting is concerned with the process institutions, markets, and instruments involved in the transfer of money among and between individuals, businesses and government Financial services are concerned with the duties of the financial manager. The corporate controller is the officer responsible for the firm's financial activities such as financial planning and fund raising. Profit maximization is the main goal of a business organization. (True) The net accounting profit is the difference between the cash inflows and cash outflows of a given project. Financial markets are intermediaries that channel the savings of individual, businesses, and governments into loans or investments. Primary and secondary markets are markets for short-term and long-term securities, respectively. Public offering is the sale of a new security issue, typically bonds or preferred stock, directly to an…
- Why is financial planning an important business activity? How does it affect the business in totality?Indicate whether the following statements are (True) or (False) and correct the false statements Profit maximization is the main goal of a business organization. The net accounting profit is the difference between the cash inflows and cash outflows of a given project. Financial markets are intermediaries that channel the savings of individual, businesses, and governments into loans or investments.Which of the following is true of financial accounting information? Select one: a.It focuses on the past-oriented financial performance of a company. b.It is primarily used by managers to make internal business decisions. c.It is prepared based on cost-benefit analysis. d.It only measures the cash transactions of a company.
- The role of finance manager, in a modern business, is Select one: O a. Pervasive in all the activities of business firm O b. None of the options O c. Pervasive in cost activities of business firm O d. Pervasive in liquidity activities of business firm O e. Pervasive in financial activities of business firmB) Indicate whether the following statements are (True) or (False) and correct the false statements: Accounting is concerned with the process institutions, markets, and instruments involved in the transfer of money among and between individuals, businesses and government Financial services are concerned with the duties of the financial manager. The corporate controller is the officer responsible for the firm's financial activities such as financial planning and fund raising. Profit maximization is the main goal of a business organization. The net accounting profit is the difference between the cash inflows and cash outflows of a given project. Financial markets are intermediaries that channel the savings of individual, businesses, and governments into loans or investments. Primary and secondary markets are markets for short-term and long-term securities, respectively. Public offering is the sale of a new security issue, typically bonds or preferred stock, directly to an investor…I. Direction: Identify what describes the following statement. Write your answer on the blank before the number. ____________________1. It pertains to the state of one’s personal monetary affairs.____________________2. It measures the ability to generate earnings from its resources or investments. ____________________3. It measures the ability to generate profit that ensures to pay business expenses and maintain a long-term financial success of the business. ____________________4. It measures the ability of the company to settle its short term debts. ____________________ 5. It measures how the business manage its assets or resources to produce output without wastage. ____________________6. It presents the financial statement amounts as a percentage of a base number. ____________________7. It is used to evaluate a number of issues with an entity, such as its liquidity, efficiency of operations, and profitability. ____________________8. These users of financial information are interested…
- According to the textbook, the definition of asset is "asset are resources that are controlled by a business from which the economic benefits are expected to flow to the business.", the definition of liabilities are "they represents negative future cash flow for the enterprise."But asset included liabilities, isn' t that contradict the definition of asset?The financial needs of a business do not include the following? A. Investors must receive a very good rate of return from a financial institution. B. A business must meet its financial obligations and pay its debts C. To stay competitive, but a firm must finance future growth and development D. All of a business’s activities must be profitableDirection: Identify what describes the following statement. Write your answer on the blank before the number. ____________________1. It pertains to the state of one’s personal monetary affairs. ____________________2. It measures the ability to generate earnings from its resources or investments. ____________________3. It measures the ability to generate profit that ensures to pay business expenses and maintain a long-term financial success of the business. ____________________4. It measures the ability of the company to settle its short term debts. ____________________ 5. It measures how the business manage its assets or resources to produce output without wastage. ____________________6. It presents the financial statement amounts as a percentage of a base number. ____________________7. It is used to evaluate a number of issues with an entity, such as its liquidity, efficiency of operations, and profitability. ____________________8. These users of financial information are…