In general, financial managers are concerned with which of the following?
A) Creating economic wealth
B) Making investment decisions that optimize economic value
C) Making business decisions that optimize economic wealth
D) All of the above
Question 2
The best description of an asset is
A)
something you own that has market value.
B)
something you either own or control that provides monetary or psychic income.
C)
anything of personal value to you.
D)
something you own that has market value and is clear of any debt obligation.
Question 3
A pro forma balance sheet typically begins with the assets and then we estimate the liabilites and equity.
Indicate whether the statement is true or false
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