The Part of Finance Concerned with Design and Delivery of Advice

question 106

Multiple Choice

The part of finance concerned with design and delivery of advice and financial products to individuals, business, and government is called

• A) Managerial Finance.
• B) Financial Manager.
• C) Financial Services.
• D) none of the above.

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Definitions:

Preferred Stock

A class of ownership in a corporation that has a higher claim on its assets and earnings than common stock, often with fixed dividends.

Treasury Stock

Shares that were issued and subsequently reacquired by the issuing corporation, reducing the number of shares outstanding in the market.

Gain On Sale

The profit realized from the sale of an asset, when the selling price exceeds its original purchase price.

Paid-In Capital

Paid-In Capital is the amount of money that shareholders have invested in a company through the purchase of stock, exclusive of earnings retained in the business.