Objectives

  • Describe the responsibilities of a financial manager
  • Define risk management

Assignment Overview

This assignment allows students to become more familiar with the difficult roles associated with a financial manager in the workplace.

Deliverables

Answers to the exercise questions

 

Step 1 Review the information in the lesson and answer the following questions.

  • Whose job is it to plan and organize the acquisition and utilization of financial assets?
  • What does Accounts Payable mean?
  • What is a promissory note?
  • What is the difference between secured and unsecured loans?
  • Briefly describe the Risk-Return Relationship.
  • What is the difference between pure risk and speculative risk?
  • Briefly describe how insurance works as risk management.

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