Question

Question 1

The ____ is the securities market where already issued securities are bought and sold, or traded, among investors.

1.           primary market

2.          brokerage firm

3.           secondary market

4.          investment bank

5.           preferred market

Question 2

One of the challenges of effective financial management is:

1.           providing the financial data in a timely manner for management consultants to improve decision making.

2.          ensuring the satisfaction of each of the stakeholder groups.

3.           to have sufficient cash on hand without compromising the firm's investment potential.

4.          working within the strict regulations of the Financial Accounting Standards Board (FASB).

Question 3

To be effective, budgets are prepared independently of organizational forecasts.

True

False

Question 4

____ is anything (regardless of form) that is acceptable as payment for goods and services.

1.           Revenue

2.          Shareholders' equity

3.           Money

4.          A fixed asset

5.           Capital

Answer 1

1 . Secondary securities is the correct option (Option c is correct option) . Secondary securities are re traded after being issued in the primary market

2. Option c is correct option   to have sufficient cash on hand without compromising the firm's investment potential.
Other options are not part of financial management.

3.False. Forecasting is important part of financial budgeting.

4. Option c is money is correct option. Money is paid for goods and services. Other options are incorrect.