pg. 1
WGU D076 OA ACTUAL EXAM REVIEW 2024
TEST BANK WITH 400 QUESTIONS AND
CORRECT ANSWERS/ WGU D076 OA FINANCE
SKILLS FOR MANAGERS REAL OBJECTIVE
ASSESSMENT QS & ANSWERS GRADED
A(NEWEST!!)
What is the main objective of personal financial goals?
- To maximize stock investments
- To maximize individual utility
- To maximize charity donations
- To maximize owner wealth - ANSWER-B. To maximize individual utility
Which task does the financial manager of a firm perform that involves the issuance of new stocks and bonds?
- Making financing decisions
- Managing working capital
- Deciding on accounting standards
- Making investing decisions - ANSWER-A. Making financing decisions 1 / 4
pg. 2
Why is understanding the definition of finance important in managing personal finances?
- It helps individuals compare the costs and benefits of an action to determine
whether to take that action.
- It helps individuals act ethically with regard to finances.
C.It helps individuals understand legal issues related to finance.
- It allows individuals to find an investment with the highest return possible. -
ANSWER-A. It helps individuals compare the costs and benefits of an action to determine whether to take that action.
- / 1
You signed an apartment contract today. You are going to pay $1,500 at the beginning of each month for the next 12 months, starting today. What type of cash flows is this contract?
A perpetuity
Uneven cash flows
An ordinary annuity
An annuity due - ANSWER-An annuity due
- / 4
pg. 3 What is the term for the return over the entire period that an investor owns a financial security?
Real return
Required rate of return
Expected return
Holding period return - ANSWER-Holding period return
What are the main services offered by financial institutions?
- Soliciting charitable donations and then managing the distribution of these
funds
- Accepting a wide variety of deposits, offering investment products, providing
loans, and brokering financial transactions
- Deciding which assets to invest in to create wealth in the future
- Evaluating sources of funding for a business project, the capital structure of a
- Accepting a wide variety of deposits, offering investment products, providing
firm, or actions managers could take to increase the value of the firm - ANSWER-
loans, and brokering financial transactions
In which type of market would a company issue bonds or stocks for the first time?
Dealer market 3 / 4
pg. 4
Primary market
Secondary market
Money market - ANSWER-Primary market
Which type of financial institution is a mutual fund?
Contractual institution
Depository institution
Investment institution
Federal institution - ANSWER-Investment institution
Which financial institution specializes in managing and administering retirement funds?
Investment banks
Mutual funds
Pension funds
Private equity - ANSWER-Pension funds
- / 4