24 Jul WHAT IS THE MOST IMPORTANT OVERALL SOURCE OF SHORT-TERM BUSINESS FINANCING BOTH IN THE U.S. AND WORLDWIDE?
Question 1 2 out of 2 points A mercantile credit bureau serves primarily as a (n): Answer A mercantile credit bureau serves primarily as a (n): Answer Show more Question 1 2 out of 2 points A mercantile credit bureau serves primarily as a (n): Answer A mercantile credit bureau serves primarily as a (n): Answer Selected Answer: central record-keeping organization for credit information on business firms Correct Answer: central record-keeping organization for credit information on business firms Selected Answer: central record-keeping organization for credit information on business firms Correct Answer: central record-keeping organization for credit information on business firms Question 2 2 out of 2 points The objective of managing current assets and liabilities is to Answer The objective of managing current assets and liabilities is to Answer Selected Answer: achieve a balance between profitability and risk that contributes to the firms value. Correct Answer: achieve a balance between profitability and risk that contributes to the firms value. Selected Answer: achieve a balance between profitability and risk that contributes to the firms value. Correct Answer: achieve a balance between profitability and risk that contributes to the firms value. Question 3 2 out of 2 points One type of investment that would not be suitable for marketable securities would be: Answer One type of investment that would not be suitable for marketable securities would be: Answer Selected Answer: mortgages Correct Answer: mortgages Selected Answer: mortgages Correct Answer: mortgages Question 4 2 out of 2 points The portion of current assets financed through long-term financing is referred to as the: Answer The portion of current assets financed through long-term financing is referred to as the: Answer Selected Answer: net working capital Correct Answer: net working capital Selected Answer: net working capital Correct Answer: net working capital Question 5 2 out of 2 points ___________ are short-term money market investments that are extremely safe and liquid; they can be quickly converted into cash at values very close to their intrinsic values. Answer ___________ are short-term money market investments that are extremely safe and liquid; they can be quickly converted into cash at values very close to their intrinsic values. Answer Selected Answer: marketable securities. Correct Answer: marketable securities. Selected Answer: marketable securities. Correct Answer: marketable securities. Question 6 2 out of 2 points The goal of a companys cash management policy is to Answer The goal of a companys cash management policy is to Answer Selected Answer: minimize the cash requirement. Correct Answer: minimize the cash requirement. Selected Answer: minimize the cash requirement. Correct Answer: minimize the cash requirement. Question 7 2 out of 2 points Deposits placed in foreign banks that remain denominated in U.S. dollars are called: Answer Deposits placed in foreign banks that remain denominated in U.S. dollars are called: Answer Selected Answer: Eurodollars Correct Answer: Eurodollars Selected Answer: Eurodollars Correct Answer: Eurodollars Question 8 2 out of 2 points The time between when a payee sends payment and the funds are credited to the payers bank account is called the: Answer The time between when a payee sends payment and the funds are credited to the payers bank account is called the: Answer Selected Answer: collection float Correct Answer: collection float Selected Answer: collection float Correct Answer: collection float Question 9 2 out of 2 points Holding all other factors constant if a firm increases its current liabilities relative to total assets Answer Holding all other factors constant if a firm increases its current liabilities relative to total assets Answer Selected Answer: it increases return and increases risk. Correct Answer: it increases return and increases risk. Selected Answer: it increases return and increases risk. Correct Answer: it increases return and increases risk. Question 10 2 out of 2 points Which of the following marketable securities is sold at a discount throughout competitive bidding in a weekly auction? Answer Which of the following marketable securities is sold at a discount throughout competitive bidding in a weekly auction? Answer Selected Answer: U.S. Treasury bills Correct Answer: U.S. Treasury bills Selected Answer: U.S. Treasury bills Correct Answer: U.S. Treasury bills Question 11 2 out of 2 points The most important reason for directly issuing or using commercial paper dealers is: Answer The most important reason for directly issuing or using commercial paper dealers is: Answer Selected Answer: the cost of borrowing is generally less than regular bank rates Correct Answer: the cost of borrowing is generally less than regular bank rates Selected Answer: the cost of borrowing is generally less than regular bank rates Correct Answer: the cost of borrowing is generally less than regular bank rates Question 12 2 out of 2 points Net working capital is defined as: Answer Net working capital is defined as: Answer Selected Answer: current assets less current liabilities Correct Answer: current assets less current liabilities Selected Answer: current assets less current liabilities Correct Answer: current assets less current liabilities Question 13 2 out of 2 points Firms who wish to obtain short-term secured loans generally have two major current assets available as collateral in the form of: Answer Firms who wish to obtain short-term secured loans generally have two major current assets available as collateral in the form of: Answer Selected Answer: receivables and inventory Correct Answer: receivables and inventory Selected Answer: receivables and inventory Correct Answer: receivables and inventory Question 14 2 out of 2 points Commercial finance companies obtain loanable funds: Answer Commercial finance companies obtain loanable funds: Answer Selected Answer: through both long- and short-term borrowing Correct Answer: through both long- and short-term borrowing Selected Answer: through both long- and short-term borrowing Correct Answer: through both long- and short-term borrowing Question 15 2 out of 2 points Commercial paper issued by large U.S. corporations is backed by: Answer Commercial paper issued by large U.S. corporations is backed by: Answer Selected Answer: credit quality of the issuer Correct Answer: credit quality of the issuer Selected Answer: credit quality of the issuer Correct Answer: credit quality of the issuer Question 16 2 out of 2 points A receivable from the sale of merchandise on the basis of a draft or bill of exchange drawn against the buyer or the buyers bank is termed a (n): Answer A receivable from the sale of merchandise on the basis of a draft or bill of exchange drawn against the buyer or the buyers bank is termed a (n): Answer Selected Answer: acceptance Correct Answer: acceptance Selected Answer: acceptance Correct Answer: acceptance Question 17 2 out of 2 points A revolving credit agreement is a: Answer A revolving credit agreement is a: Answer Selected Answer: bankers standby agreement to provide a guaranteed line of credit for a specified period of time Correct Answer: bankers standby agreement to provide a guaranteed line of credit for a specified period of time Selected Answer: bankers standby agreement to provide a guaranteed line of credit for a specified period of time Correct Answer: bankers standby agreement to provide a guaranteed line of credit for a specified period of time Question 18 2 out of 2 points Compensating balances at a commercial bank are: Answer Compensating balances at a commercial bank are: Answer Selected Answer: account balances required in connection with unsecured business loans under bank lines of credit Correct Answer: account balances required in connection with unsecured business loans under bank lines of credit Selected Answer: account balances required in connection with unsecured business loans under bank lines of credit Correct Answer: account balances required in connection with unsecured business loans under bank lines of credit Question 19 2 out of 2 points Which of the following short-term sources of funds is available only to the financially strongest concerns? Answer Which of the following short-term sources of funds is available only to the financially strongest concerns? Answer Selected Answer: commercial paper Correct Answer: commercial paper Selected Answer: commercial paper Correct Answer: commercial paper Question 20 2 out of 2 points What is the most important overall source of short-term business financing both in the U.S. and worldwide? Answer What is the most important overall source of short-term business financing both in the U.S. and worldwide? Answer Selected Answer: trade credit Correct Answer: trade credit Selected Answer: trade credit Correct Answer: trade credit Show less
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