Which of the Following Is NOT a Financial Function

question 64

Multiple Choice

Which of the following is NOT a financial function?

• A)PMT
• B)PPMT
• C)NPV
• D)APR

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Definitions:

Agency by Ratification

This occurs when a principal approves and accepts the actions of someone who acted without authority, thereby giving those actions legitimacy and creating an agency relationship retrospectively.

Doctrine

A belief or set of beliefs held and taught by an organization, especially a religious or political one.

Agency Relationship

A legal relationship in which one party, the agent, is authorized to act on behalf of another party, the principal, in conducting business transactions.