Question 1

Treasury bills mature in one year.

Accepted Answer

A) True 
 B)False

Question 2

During the first year of operation, _____ will be among your most valuable financial skills.

Accepted Answer

A) managing cash 
B) following a budget 
C) managing accounts receivable and payable 
D) all of these 
A) managing cash 
B) following a budget 
C) managing accounts receivable and payable 
D) all of these

Question 3

What are the two functions of a financial plan?

Accepted Answer

The financial plan is a docume

Question 4

The most important estimate in your financial plan will be your _____.

Accepted Answer

A) sales forecast 
B) first year budget 
C) cash flow projection 
D) breakeven point 
A) sales forecast 
B) first year budget 
C) cash flow projection 
D) breakeven point

Question 5

A finance professional may advance from the position of _____ analyst to a managerial position.

Accepted Answer

A) lead 
B) junior 
C) primary 
D) senior 
A) lead 
B) junior 
C) primary 
D) senior

Question 6

Scenario-Based
Sherry LeBlanc has been a teller at Community First Bank for two years and anticipates a promotion to main teller within the next few months.She's worked hard at her job, knows her bank's financial products well, and interacts with customers effectively.Community First Bank has been in business for 38 years, provides traditional banking services, and enjoys a good reputation in the local area.
-Sherry works at the most common type of financial institution in America.

Accepted Answer

A) True 
 B)False

Question 7

_____is the process of monitoring cash inflows and outflows to ensure that a company has sufficient cash on hand.

Accepted Answer

A) Capital budgeting 
B) Cash budgeting 
C) Capital management 
D) Cash-flow management 
A) Capital budgeting 
B) Cash budgeting 
C) Capital management 
D) Cash-flow management

Question 8

Treasury _____ mature in one year.

Accepted Answer

A) notes 
B) bills 
C) bonds 
D) stocks 
A) notes 
B) bills 
C) bonds 
D) stocks

Question 9

_____ will probably be the most important source of funds for your new business.

Accepted Answer

A) Bank loans 
B) SBA (Small Business Administration) 
C) Venture capital 
D) Personal assets 
A) Bank loans 
B) SBA (Small Business Administration) 
C) Venture capital 
D) Personal assets

Question 10

A prospectus is a written offer to sell securities that provides useful information to prospective buyers.

Accepted Answer

A) True 
 B)False

Question 11

From an entry-level position-usually called analyst-the finance professional may advance to the position of junior analyst.

Accepted Answer

A) True 
 B)False

Question 12

When Pete Peterson took out a small business loan, the bank asked for security in the form of _____.

Accepted Answer

A) a line of credit 
B) interest 
C) collateral 
D) maturity assurance 
A) a line of credit 
B) interest 
C) collateral 
D) maturity assurance

Question 13

_____ financing means raising needed capital by selling bonds.

Accepted Answer

A) Equity 
B) Capital 
C) Collateral 
D) Debt 
A) Equity 
B) Capital 
C) Collateral 
D) Debt

Question 14

Prices of stocks included in the NASDAQ composite index have remained is very stable over the past 20 years.

Accepted Answer

A) True 
 B)False

Question 15

______ employ finance professionals as loan officers to work with clients requesting personal or business loans.

Accepted Answer

A) Corporations 
B) Commercial banks 
C) Investment houses 
D) Accounting firms 
A) Corporations 
B) Commercial banks 
C) Investment houses 
D) Accounting firms

Question 16

You're the president of a savings bank that just took in a deposit of $100.Your bank's reserve requirement is 10 percent.Using the concept of the money multiplier, the deposit will generate how much in loans?

Accepted Answer

A) $90 
B) $1,000 
C) $900 
D) $10 
A) $90 
B) $1,000 
C) $900 
D) $10

Question 17

The government compiles two measures for the purpose of tracking the money supply: M-1 and M-2.Which of the following is included in the government's calculation of M-2?

Accepted Answer

A) Checking-account funds 
B) Cash 
C) Savings accounts 
D) Time deposits greater than $100,000 
A) Checking-account funds 
B) Cash 
C) Savings accounts 
D) Time deposits greater than $100,000

Question 18

The financial crisis that began in 2006-2007 in the banking industry as a result of the subprime mortgage crisis caused all of the following problems:

Accepted Answer

A) individuals and businesses had trouble getting loans. 
B) consumer confidence remained strong. 
C) many lost their jobs. 
D) housing prices dropped. 
A) individuals and businesses had trouble getting loans. 
B) consumer confidence remained strong. 
C) many lost their jobs. 
D) housing prices dropped.

Question 19

The _____ is the amount by which an initial bank deposit will expand the money supply.

Accepted Answer

A) money multiplier 
B) money inflator 
C) money magnifier 
D) credit inflator 
A) money multiplier 
B) money inflator 
C) money magnifier 
D) credit inflator

Question 20

What is a savings bank?

Accepted Answer

A savings bank is a financial

Treasury bills mature in one year.

During the first year of operation, _____ will be among your most valuable financial skills.

What are the two functions of a financial plan?

The most important estimate in your financial plan will be your _____.

A finance professional may advance from the position of _____ analyst to a managerial position.

_____is the process of monitoring cash inflows and outflows to ensure that a company has sufficient cash on hand.

Treasury _____ mature in one year.

_____ will probably be the most important source of funds for your new business.

A prospectus is a written offer to sell securities that provides useful information to prospective buyers.

From an entry-level position-usually called analyst-the finance professional may advance to the position of junior analyst.

When Pete Peterson took out a small business loan, the bank asked for security in the form of _____.

_____ financing means raising needed capital by selling bonds.

Prices of stocks included in the NASDAQ composite index have remained is very stable over the past 20 years.

______ employ finance professionals as loan officers to work with clients requesting personal or business loans.

You're the president of a savings bank that just took in a deposit of $100.Your bank's reserve requirement is 10 percent.Using the concept of the money multiplier, the deposit will generate how much in loans?

The government compiles two measures for the purpose of tracking the money supply: M-1 and M-2.Which of the following is included in the government's calculation of M-2?

The financial crisis that began in 2006-2007 in the banking industry as a result of the subprime mortgage crisis caused all of the following problems:

The _____ is the amount by which an initial bank deposit will expand the money supply.

What is a savings bank?

The Foundations of Business

Entrepreneurship

Selecting a Form of Business Ownership

Business Ethics and Social Responsibility

Managing for Business Success

Recruiting, Motivating, and Keeping Quality Employees

Product Design and Development

Operations Management in Manufacturing and Service Industries

Business in a Global Environment

Marketing: Providing Value to Customers

Operating in a Digital Marketing and Social Networking

The Role of Accounting in Business

Teamwork and Communications

Personal Finances

Managing Information and Technology

The Legal and Regulatory Environment of Business

Filters

Exam 13: Managing Financial Resources

Treasury bills mature in one year.

During the first year of operation, _____ will be among your most valuable financial skills.

What are the two functions of a financial plan?

The most important estimate in your financial plan will be your _____.

A finance professional may advance from the position of _____ analyst to a managerial position.

_____is the process of monitoring cash inflows and outflows to ensure that a company has sufficient cash on hand.

Treasury _____ mature in one year.

_____ will probably be the most important source of funds for your new business.

A prospectus is a written offer to sell securities that provides useful information to prospective buyers.

From an entry-level position-usually called analyst-the finance professional may advance to the position of junior analyst.

When Pete Peterson took out a small business loan, the bank asked for security in the form of _____.

_____ financing means raising needed capital by selling bonds.

Prices of stocks included in the NASDAQ composite index have remained is very stable over the past 20 years.

______ employ finance professionals as loan officers to work with clients requesting personal or business loans.

You're the president of a savings bank that just took in a deposit of $100.Your bank's reserve requirement is 10 percent.Using the concept of the money multiplier, the deposit will generate how much in loans?

The government compiles two measures for the purpose of tracking the money supply: M-1 and M-2.Which of the following is included in the government's calculation of M-2?

The financial crisis that began in 2006-2007 in the banking industry as a result of the subprime mortgage crisis caused all of the following problems:

The _____ is the amount by which an initial bank deposit will expand the money supply.

What is a savings bank?

The Foundations of Business

Entrepreneurship

Selecting a Form of Business Ownership

Business Ethics and Social Responsibility

Managing for Business Success

Recruiting, Motivating, and Keeping Quality Employees

Product Design and Development

Operations Management in Manufacturing and Service Industries

Business in a Global Environment

Marketing: Providing Value to Customers

Operating in a Digital Marketing and Social Networking

The Role of Accounting in Business

Teamwork and Communications

Personal Finances

Managing Information and Technology

The Legal and Regulatory Environment of Business

Filters