Strayer JWI530 2020 JULY Week 9 Knowledge Check Latest

JWI530 FINANCIAL MANAGEMENT I

Week 9 Knowledge Check

Question 1A Financing Plan is a special version of a Strategic Plan written to attract top talent to a company.

Answers:            

True

 False

Question 2Creating the forward-looking view of financial performance is a surprisingly effective way to transform the financial future of your company. It will:

Answers:            

A. Help you drive growth, profitability and cash flow higher.

B. Create confidence and clarity about where your business is going financially.

C. Provide the roadmap for turning your vision and strategy for your business into a crystal-clear view of what success should look like financially.

D. All of the above.

Question 3Assume that you make an investment of $100,000 in 2015 that has a value of $122,504 3 years later in 2018. What is the compound annual growth rate (CAGR) of your investment?

Answers:            

A. 22.5%

B. 7%

C. 5.6%

D. 1.8%

Question 4A business uses week-by-week sales data to predict sales for the coming week using moving averages. This is an example of:

Answers:            

A. Moving average times series forecasting method

B. Experiential smoothing

C. Delphi method

D. Market research

Question 5Which of these approaches is NOT a commonly accepted forecast approach?

Answers:            

A. Can’t Wait Approach

B. Can’t Miss Approach

C. 50/50 Approach

D. Stretch Forecast Approach

Question 6The Monthly Financial Rhythm model includes all of the following phases EXCEPT:

Answers:            

A. Sponsor

B. Adjust

C. Target

D. Monitor

Question 7A SWOT Analysis includes WHICH of the following advantages or obstacles that a business faces in the future:

Answers:            

A. Strengths

B. Websites

C. Optimums

D. None of the above

Question 8It’s a good practice to prepare a forecast using ranges, when possible, as a signal that it is indeed a forecast, and no one can perfectly predict the future.

Answers:            

 True

False

Question 9Strategy involves a series of action plans, no way contradictory to each other because a common theme runs across them.

Answers:            

 True

False

Question 10Forecasting a business plan only requires the input of people within the Finance and Accounting departments.

Answers:            

True

 False