In each blank, try to type in the
word that is missing. If you've
typed in the correct word, the
blank will turn green.
If your not sure what answer should be entered, press the space bar and the next missing letter will be displayed. When you are all done, you should look back over all your answers and review the ones in red. These ones in red are the ones which you needed help on. Question: The term used to describe the study of means by a manager can determine which long-term investments to pursue, how to pay for those investments, and how to manage the daily finances of a firm is:Answer: business Question: The top financial officer in a firm is commonly to as the:
Answer: chief financial . Question: The person who is in of cash management and capital expenditures is called the:
Answer: treasurer. Question: The process of a firm’s long-term investments is called:Answer: budgeting Question: The amount of debt and equity used by a firm to its operations is called the firm’s:Answer: structure Question: Short-term assets and short-term liabilities are referred to as the :
Answer: capital Question: The management of a firm’s cash, inventory, and is referred to asAnswer: working capital . Question: A sole is defined as a business:Answer: that is by a single individual. Question: A business organization that is similar to a sole proprietorship but has two or more owners is a:
Answer: a agreement Question: A business entity which is treated as a legal “person” is a:Answer: . Question: The legal which designate a firm’s name, nature of business, and intended life are called the:
Answer: articles of . Question: The rules outline how a corporation will regulate itself are referred to as the:Answer: bylaws. Question: A limited liability company can be as a:Answer: cross between a partnership and a . Question: Any situation a potential conflict can arise between the firm’s owners and its managers is referred to as a(n):
Answer: problem. Question: Anyone other than the firm’s stockholders or creditors that might have a claim on the cash flows of a firm is a:Answer: . Question: The market refers to:Answer: the original sale of securities by the .
Question: The market for trading after the original sale is called the:Answer: secondary . Question: The sale of to the general public by the issuer is known as a:Answer: public . Question: A negotiated sale of securities by an to a specific buyer is called a(n):Answer: private Question: Over-the-counter markets are __________ markets.Answer: Question: A securities market with a physical location that is designed to match buyers with sellers is called a(n) __________ market.Answer: Question: When a company qualifies to have its securities traded on a particular exchange the
stock of that company is said to be __________ with the exchange.
Answer: Question: one of the following questions falls into the financial topic of investments?Answer: What are the risks involved with a particular security? Question: Which of the following are considered institutions?
I. bank
II. hospital
III. insurance company
IV. home builder
Answer: I and III Question: Which of the following are in finance?
I. insurance agent
II. security analyst
III. portfolio manager
IV. corporate treasurerAnswer: I, II, III, and Question: finance addresses which one of the following questions?
Answer: Which long-term should a firm acquire?
Question: Which one of the following functions should be to the controller rather than the treasurer?Answer: one of the following functions should be assigned to the controller rather than
the treasurer? Question: Which one of the following statements is correct concerning the organizational chart of a ?Answer: The tax manager generally reports to the controller than the treasurer. Question: The purpose of budgeting is to:Answer: identify assets that value in excess of their cost. Question: Which one of the following statements is related to budgeting?Answer: A firm should consider the size, risk, and timing of an cash flows before
deciding to purchase that asset.
Question: When a firm decides to borrow money rather than issue stock to raise funds for a new
project, the company is making a(n) __________ decision.Answer: structure
Question: The capital structure of a firm refers to the :Answer: long-term debt and Question: Working capital management includes which of the following?
I. controlling the inventory level
II. determining when to pay suppliers
III. deciding how much long-term debt to . controlling the amount of cash that is readily available
Answer: I, II, and IV Question: The daily financial operations of a firm are primarily controlled by managing the
__________ of the firm.Answer: capital
Question: A sole Answer: assumes personal liability for all of the of the business. Question: The most widely used form of business in the U.S. is the:
Answer: sole .
Question: a general partnership,:
Answer: each receives only a proportionate share of the profits but is responsible for 100 percent of the partnership debts Question: In a partnership, each general partner is personally liable for:Answer: the total debts of the partnership, even if he or she was that said debts were
incurred. Question: The advantage of being a limited partner in a partnership is the ability toAnswer: invest in a while limiting your loses to the amount you invested Question: Which one of the following statements about a limited partnership is ?Answer: A limited partner can sell his or her interest without the dissolving.
Question: A corporation:Answer: may be considered a resident of an state.
Question: The of a corporation include information such as the:
Answer: method by directors are elected Question: The primary of a limited liability company are the:Answer: means of taxation and the on the liabilities assumed by the owners. Question: The general purpose of a limited company is to:
I. be taxed like a partnership.
II. be taxed like a corporation.
III. provide unlimited liability for the owners.
IV. provide limited liability for the owners.
Answer: I and IV Question: The goal of financial management is to maximize the:Answer: market value of the existing .
Question: Which one of the following actions best matches the primary goal of
management?Answer: increasing the market value of the equity by improving the of operations
Question: Which one of the situations is most apt to create an agency problem?
Answer: a manager receives a bonus because he or she has the most new employees in the
past year Question: An agency problem frequently exists in situations there is a separation of:Answer: ownership and company management. Question: The control of a corporation lies with the:Answer: company .
Question: The Sarbanes-Oxley Act was :Answer: to help protect investors and others from financial . Question: The -Oxley Act:Answer: makes the officers of a public corporation responsible for the firm’s
financial statements. Question: Which one of the transactions occurs in the primary market?Answer: POQ new shares of POQ to Frederico Question: Which one of the following statements is correct concerning the markets?Answer: Secondary can be either dealer or auction markets. Question: Which of the following are characteristics of a dealer market?
I. buyers purchase securities for themselves at their own risk
II. the market matches with sellers
III. transactions are carried out on a physical trading floor
IV. transactionsAnswer: I and IV Question: NASDAQ is:
I. located in Chicago.
II. an auction market.
III. an over-the-counter .
IV. a private placement market.Answer: III Question: All large company stocks such as Electric and Microsoft:Answer: can trade on the exchange of their as long as they qualify for listing. Question: Which one of the following statements is correct concerning the financial in
the U.S.?Answer: The NYSE significantly less companies than does NASDAQ.
Question: The markets in the U.S.:Answer: transact trades in both the and the secondary markets. |
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