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Finance
text: Which employee in a business is most responsible for determining the company's financial direction?, correct: The CFO, incorrect: The CEO,The head accountant,The budget writer, fun fact: The Chief Financial Officer reports directly to the CEO (Chief Executive Officer) and works with the COO (Chief Operating Officer) to manage the company's budget and find funding.,text: Which US government agency helps provide funding for entrepreneurs?, correct: The SBA, incorrect: The CIA,The FBI,The OSS, fun fact: Formed in 1953, the Small Business Administration partners with lenders to provide partially government-backed loans to small businesses.,text: What is it called when a business makes more money than it spends?, correct: Budget surplus, incorrect: Budget expenditure,Balanced budget,Capital shortage, fun fact: If a company experiences a budget surplus, it can choose whether to reinvest that extra money into the business or pay those profits to its shareholders in the form of dividends.,text: What does "OCF" stand for?, correct: Operating Cash Flow, incorrect: Ordinary Cash Flow,Ontological Cash Future,Operational Cash Fund, fun fact: OCF allows a business's financial team to understand how much money the company is bringing in relative to how much it costs to run the business.,text: A venture capitalist is a part of what form of financing?, correct: Equity financing, incorrect: Debt Financing,Personal Financing,Off-balance sheet financing, fun fact: Venture capitalists invest money in promising businesses in exchange for a stake in the company's ownership.,text: What kind of entity typically provides a business with debt financing?, correct: A bank, incorrect: Friends,Family members,Investors, fun fact: Banks can loan you money to run your business, like a home mortgage. Interest paid on this debt financing can be deducted from taxes as a business expense.,text: In business finance, what is capital?, correct: The money used to fund your business, incorrect: The headquarters of your business,The end goal of your business,The amount you pay your employees, fun fact: Every business needs some capital to run, and a shortage of capital can put a company in serious trouble. Capital is often borrowed or provided by investors.,text: Which of the following is NOT a type of financial statement for a business?, correct: Invoice, incorrect: Balance sheet,Income statement,Cash flow statement, fun fact: While invoices are essential for most businesses because they give companies the legal right to claim payment for services or products, they do not reflect the business's financial status as a whole.,text: What is the name for physical assets that a business owns with the intent to sell or otherwise make use of?, correct: Inventory, incorrect: Cash,Accounts Receivable,Bonds, fun fact: Assets can be physical or intangible in nature and include any resource a business owns or otherwise is in charge of.,text: Which of the following forms of funding does a business NOT have to pay back?, correct: Grant, incorrect: Crowdfunding,Investors,Loans, fun fact: The government, other companies, or specific non-profit organizations can all offer free grants to business owners.
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Finance
Which employee in a business is most responsible for determining the company's financial direction?
The CEO
The CFO
The budget writer
The head accountant
