Step 1 Review the information in the lesson and answer the following questions. 1. Whose job is it to plan and organize the acquisition and

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

1. Whose job is it to plan and organize the acquisition and utilization of financial assets?

2. What does Accounts Payable mean?

3. What is a promissory note?

4. What is the difference between secured and unsecured loans?

5. Briefly describe the Risk-Return Relationship.

6. What is the difference between pure risk and speculative risk?

7. Briefly describe how insurance works as risk management.