BCOR 2204 Finance Quiz 1 (correct answers)

BCOR 2204 Finance Quiz 1 (correct answers)
Question: What is the objective of finance?
Correct answer: Maximize profit
Question: What is finance?
Correct answer: The science (accounting) and the art (tradeoff
and risk) of valuing and managing money
Question: What does the NPV model consist of?
Correct answer: PV, FV, PMT, N, and I
Question: What is intrinsic value?
Correct answer: The value of any security is the market value
Question: What is expected value?
Correct answer: Future cash flows
Question: What are careers in finance characterized by?

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