
CFIN (with Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
5th Edition
ISBN: 9781305661653
Author: Scott Besley, Eugene Brigham
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 1, Problem 1PROB
Summary Introduction
To determine: the definition of Finance and types of financial decisions made by people in Finance
Expert Solution & Answer

Explanation of Solution
Finance represents a wide-ranging space where decisions pertinent to available resources such as money, assets and investments can be made. It is generally defined as the art of resources (eg. Money) management involving creation, acquisition, exchange or utilization of resources.
People in Finance (individuals, businesses or governments) generally make decisions related to acquisition or utilization of money or other resources.
Want to see more full solutions like this?
Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
What is the primary goal of financial management?A) Maximizing profitsB) Maximizing shareholder wealthC) Minimizing costsD) Ensuring liquidityhelp.
If a bond has a coupon rate lower than the market interest rate, the bond will sell at:A) Par valueB) A premiumC) A discountD) Its face valuehelp.
If a bond has a coupon rate lower than the market interest rate, the bond will sell at:A) Par valueB) A premiumC) A discountD) Its face value
Chapter 1 Solutions
CFIN (with Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
Knowledge Booster
Similar questions
- The primary objective of financial accounting is to:a) Provide management with detailed reports for decision-making.b) Help the company save taxes.c) Provide financial information to external users.d) Track inventory levels. please help.arrow_forwardWhich of the following is an example of a capital budgeting decision?A) Determining the amount of inventory to keep on handB) Deciding whether to purchase a new piece of machineryC) Setting the credit terms for customersD) Deciding how much cash to keep in the bankarrow_forwardFor pueblo super market in st thomas usviarrow_forward
- What is the methodology that capital markets serve as engines of economic growth and innovation? Could you help explain how methodology is critical to successful of the capital market? How are they also vulnerable to significant structural and behavioral problems? What are the appropriate uses of a qualitative single case study, and what types of research are best suited for the study of capital markets? What is the research framework of the capital market?arrow_forwardWhat is the purpose of the Capital Markets? What are the qualitative research questions that Capital Markets seek to understand or explain, while quantitative research questions seek to relate or measure? What could be the problems of Capital Markets, and how can the problems of Capital Markets be solved? How can the practice or issue be improved?arrow_forwardWhat are the obstacles to work through emotional wellness coping methods, and increasing self-understanding, and how to work through them? What are the advantages and disadvantages of emotional wellness, coping methods, and increasing self-understanding?arrow_forward
- What is the present value of $10,000 to be received in 5 years, assuming a discount rate of 10%?A) $6,210B) $6,810C) $7,580D) $8,100arrow_forwardDepreciation is:a) The increase in the value of an asset over time.b) The allocation of the cost of a tangible asset over its useful life.c) An amount paid for the maintenance of an asset.d) An asset's market value at the end of the accounting period.arrow_forwardDepreciation is:a) The increase in the value of an asset over time.b) The allocation of the cost of a tangible asset over its useful life.c) An amount paid for the maintenance of an asset.d) An asset's market value at the end of the accounting period. Need helparrow_forward
- What is the corporate finance how this is the part of finance?arrow_forwardExplain! Which of the following represents the primary goal of financial management?A) Maximizing net incomeB) Maximizing shareholder wealthC) Minimizing costsD) Maximizing market sharearrow_forwardWhich of the following represents the primary goal of financial management?A) Maximizing net incomeB) Maximizing shareholder wealthC) Minimizing costsD) Maximizing market sharearrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
