An Area of Finance That Involves Financial Planning,asset Management and Fund-Raising

question 45

Multiple Choice

An area of finance that involves financial planning,asset management and fund-raising decisions to enhance the value of businesses is called:

• A)financial management
• B)investments
• C)financial institutions
• D)financial markets
• E)none of the above

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Definitions:

Economic Entity Assumption

An accounting principle that states a company and its owner(s) are separate entities for financial reporting purposes.

Expenses

Outflows or other uses of assets or incurrences of liabilities during a period from delivering goods, rendering services, or carrying out other activities.

Proprietorship

A business structure owned by a single individual who is responsible for its liabilities and entitled to its profits.

CPA

Certified Public Accountant, a designation awarded to individuals who pass an examination and meet certain education and experience requirements in the field of accounting.