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AAMS Module Quizzes (1-10) with Questions and Answers, Exams of Financial Management

AAMS Module Quizzes (1-10) with Questions and Answers What are the major steps in the asset management process ANSWER ✓✓ 1. gather data 2. establish goals 3. analyze information 4. make and implement recommendations 5. monitor Stefan's business plan includes the following goal: "I will contact 50 prospective clients and document this activity in the CRM for tracking purposes." Which primary element of a good goal is missing? ANSWER ✓✓ This goal is not time-framed. The acronym to remember for goal setting is SMART, which stands for Specific, Measurable, Achievable, Relevant, and Time-Framed. The primary flaw in this goal is that it is not time-framed. Because it is not time-framed, it is difficult to tell if this is achievable, but it is certainly measurable and very likely relevant. Which one of the following is not an invested asset? ANSWER ✓✓ 180-day certificate of deposit A certificate of deposit is a cash equivalent and therefore should be listed under Cash and Cash Equivalents.

Typology: Exams

2023/2024

Available from 12/21/2024

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What are the major steps in the asset management process ANSWER VV I. gather data 2. establish goals 3. analyze information 4. make and implement recommendations §. monitor Stcfan's business plan includes the following goal: "I will contact 50 prospective clients and document this activity in the CRM for tracking purposes." Which primary element of a good goal is missing? ANSWER V ¥ This goal is not time-framed. The acronym to remember for goal setting is SMART, which stands for Specific, Measurable, Achievable, Relevant, and Time-Framed. The primary flaw in this goal is that it is not time- framed. Because it is not time-framed, it is difficult to tell if this is achievable, but it is certainly measurable and very likely relevant. Which one of the following is not an invested asset? ANSWER V V 180-day certificate of deposit A certificate of deposit is a cash equivalent and therefore should be listed under Cash and Cash Equivalents. Victoria Gregory's financial situation is as follows: Cash/cash EquivalentsL $15,000 Short Term debts: $23,000 LTDs: $140,000 Taxes: $8000