Morgan's Transition Morgan Is Currently a Manager of a Small Financial Planning

question 160

Multiple Choice

Morgan's Transition
Morgan is currently a manager of a small financial planning firm.He is seeking a new career with a large corporation in the banking industry.He recently applied for the financial manager opening at G & T Bank.He is concerned that the transition from his small firm to a large corporation will be difficult.To better prepare himself for this change, he has decided to enroll in a few business classes to strengthen his understanding of corporate finance.The business classes have proven to be a valuable tool for learning the critical skills needed to fully understand a financial plan, equity financing, and debt financing.Morgan now believes he has strengthened his competitive advantage in his quest for the job.
-Refer to Morgan's Transition.Morgan's business classes taught him that the financial manager should do which of the following?

• A) determine the best way to raise money
• B) ensure the business success of the company
• C) ensure that projected uses are congruent with the organization's goals
• D) Both a and b are correct.
• E) Both a and c are correct.

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Definitions:

Resale Price

The amount for which an item is sold again on the market after it has been purchased once from the original seller or manufacturer.

Contract Price

The sum agreed upon by the parties involved in a contract for the sale of goods or services.

Incidental Damages

Compensation for commercially reasonable expenses incurred as a result of the other party's breach of contract.

Expenses Saved

Costs that are avoided due to an action not taken or a change in circumstances.