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

question 12

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.During his job interview, Morgan was asked to talk about money received from the owners or from the sale of shares of ownership in a business.Which of the following would best describe these funds?

• A) debt capital
• B) equity capital
• C) proceeds from a merger or acquisition
• D) proceeds from the sale of assets
• E) sales revenue

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Definitions:

Management

The process of planning, organizing, directing, and controlling resources to achieve organizational goals effectively and efficiently.

Dialogue

A conversation between two or more people as a feature of a book, play, or movie, or a discussion aimed at reaching an understanding or resolution.

Persuasion Principle

A concept in social psychology that refers to the methods used to change people's beliefs, attitudes, or behaviors.

Social Proof

A psychological phenomenon where people assume the actions of others in an attempt to reflect correct behavior for a given situation.