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5/29/2020WGU Student Portal | Coaching Report1/26PRE-ASSESSMENT: PRINCIPLES OF FINANCE PPBOAttempt #1Status: Passed1.The credit manager for a company is responsible for setting the company’s credit policy regardingavailability and limits for customers. What is one of the additional responsibilities of this credit manager?YOURANSWERCORRECTANSWERInvesting excess cashCollecting past-due accountsMonitoring accounts payablePurchasing insurance2.Which activity is ±nancial management responsible for?YOURANSWERCORRECTANSWER3.
What is one of the main areas of the ±nancial environment?YOURANSWERCORRECTANSWER
5/29/2020WGU Student Portal | Coaching Report2/26YOURANSWERCORRECTANSWER4.What is a common challenge in the world of ±nance?YOURANSWERCORRECTANSWER5.Which variable must be considered when a corporation's ±nance department is determining the beststrategy for ±nancing a project?YOURANSWERCORRECTANSWERThe amount of debt and equity ±nancing currently in useThe bid-ask spread for the company’s stockRecent changes to the federal funds rateThe amount of trade credit from suppliers for the project6.
5/29/2020WGU Student Portal | Coaching Report3/26An individual is interested in establishing a lawn care business as a sole proprietorship. What will be a disadvantage of choosing this business model?YOURANSWERCORRECTANSWER7.What is one bene±t of a sole proprietorship?YOURANSWERCORRECTANSWER