Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key


Play button


Play button




Click to flip

6 Cards in this Set

  • Front
  • Back
Finance is concerned with...
the acquisition and allocation of funds among a firm's activities.
what are the two functions of a chief financial officer?
1. financing decisions-
2. investment decisions-
what are financing decisions?
generating funds internally or externally at the lowest cost
What are investment decisions?
allocating funds over time in such a way that shareholder wealth is increased.
What is the financial goal of the firm?
to maximize the shareholders' wealth
How has the CFO's duties changed?
Today a CFO designs corporate strategies and serves as the architecht for acquisitions, takeover defenses, overseas expansion, and corporate restructuring.
often on Board of Directors
often 3rd in Co. behind Prez & VP.