Finance > QUESTIONS & ANSWERS > WGU C708 Unit 2 Questions and Answers Rated A (All)
WGU C708 Unit 2 Questions and Answers Rated A
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What do financial managers do? ✔✔prepare financial statements, business activity reports, and forecasts monitor financial details to ensure that legal requirements are met supervise employees w... ho do financial reporting and budgeting review company financial reports and seek ways to reduce costs analyze market trends to find opportunities for expansion or for acquiring other companies help management make financial and investment decisions Important Skills for Financial Managers ✔✔Analytical skills, Communication, Attention to detail, Math skills, Organizational skills. principal-agent problem ✔✔difficulties in motivating one party (the "agent"), to act on behalf of another (the "principal"). Agency Costs ✔✔the costs of the conflict of interest between stockholders and management shareholders/stockholders ✔✔those having title to one or more shares of stock in a corporation; combined, they represent ownership of the corporation bondholder ✔✔the firm's creditors 9 major financial institutions ✔✔Central Banks, Retail and Commercial Banks, Internet Banks, Credit Unions, Savings and Loan Associations, Investment Banks and Companies, Brokerage Firms, Insurance Companies, Mortgage Companies [Show More]
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