Across
- 6. the risk that the issuer of a financial security will be unable to make payments as specified in the terms of a financial contract
- 7. the study and application of how managers can apply financial principles to maximize the value of a firm in a risky environment
- 8. individuals or a firm that brings together potential buyers and sellers of a product and receives a commission at transaction
- 9. market for longer-term financial instruments, such as stocks and bonds, used to finance long-term projects for organizations
- 10. also called unsystematic risk, a risk that can be eliminated without the loss of expected return by holding a portfolio of securities
- 11. facilitate a market and the trading of securities by holding a portfolio of the underlying asset for easy purchase and sale; earn money on the spread between ask and bid prices for the asset
Down
- 1. the mix of financing, usually debt and equity, used by a firm
- 2. short-term, unsecured financial obligations issued by firms as a means of short-term financing for items such as inventory or payables
- 3. the process of determining which long-term or fixed assets to acquire in an effort to maximize shareholder value
- 4. also referred to as controller, individual in charge of financial reporting and the oversight of the accounting activities necessary to develop financial reports
- 5. an executive-level officer who sets policy for working capital management, determines optimal capital structure for the firm, and makes the final decision in matters of capital budgeting