Sophia Finance Challenge 01 answers

The primary purpose of finance is to __________. a.) manage assets in a way that maximizes returns b.) keep track of a business's cash flow c.) study the effects of the economy on businesses d.) pay off debt as quickly as possible Finance is the study of fund management and ___________. a.) credit b.) economics c.) accounting d.) asset allocation Corporate finance focuses primarily on decisions related to __________. a.) distribution and marketing b.) record-keeping and communication c.) production and advertising d.) investment and financing The price at which an asset would trade in a competitive setting is its __________. a.) market value b.) book value c.) fundamental value d.) stakeholder value Valuation may be determined through __________. a.) allocation of scarce resources b.) oversight of corporate governance c.) implementation of business strategies d.) fundamental analysis of financial statements ______ is the process of determining the price that market participants would likely pay for something. a.) Valuation b.) Accounting c.) Financing d.) Analysis Crowdfunding is an example of a recent trend in finance known as __________. a.) peer-to-peer lending b.) algorithmic trading c.) impact investing d.) credit A recent trend in finance that attempts to ease poverty by offering products like business loans to low-income borrowers is __________. a.) algorithmic trading b.) crowdfunding c.) microfinancing d.) impact investing