MULTIPLE CHOICE. Choose the one alternative that best completes the statement or

Question

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.

1) Finance can be defined as _______

A) the science of the production, distribution, and consumption of wealth.

B) the art of merchandising products and services.

C) the system of debits and credits.

D) the art and science of managing money and managing financial resources to achieve short-term, intermediate –term and long term goals..

2) The true owner(s) of the corporation is (are) the ________.

A) chief executive officer

B) creditors

C) stockholders

D) board of directors

ESSAY. Write your answer in the space provided below. It must be at least three sentences long.

3) Over the last 16 weeks what did you learn about finance? You can use books or notes to refresh your memory. You must write at least five sentences.

Explanation / Answer

Answer to 1 - D.

D) the art and science of managing money and managing financial resources to achieve short-term, intermediate –term and long term goals.

Answer to 2. C.

C) stockholders

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