QUESTION The sale of accounts receivable to a third party at a discounted rate in exchange for immediate cash is called ________. a. factoring b. pledging c. long-term financing d. equity financing ANSWER a
Date: September 3rd, 2020
QUESTION The field of economics attempts to understand how individuals and countries act in response to certain material constraints. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION Which of the following involves repaying a loan over periods longer than one year? a. short-term financing b. equity financing c. long-term financing d. retained earnings financing ANSWER c
Date: September 3rd, 2020
QUESTION The study of economics takes into account consumers’ irrational behavior in fulfilling their wants and needs. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
QUESTION The two main debt-financing options are ________. a. bonds and factoring b. bank loans and bonds c. stocks and retained earnings d. bank loans and pledging ANSWER b
Date: September 3rd, 2020
QUESTION As prices rise, the quantity of product demanded falls. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION Which of the following occurs when a company raises money by either selling stock to investors or withdrawing it from the owners’ retained earnings? a. debt financing b. equity financing c. short-term financing d. dividend financing ANSWER b
Date: September 3rd, 2020
QUESTION You are an employee of a company. Which of the following is NOT a benefit of understanding the company’s financial statements? A) This understanding helps you determine the company’s financial health and judge whether your job is secure. B) This understanding inspires and helps you to do your job more effectively. C) This understanding […]
Date: September 3rd, 2020
QUESTION The United States is more of a mixed market economy than a capitalistic economy. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION A manager’s primary job is to A) make sure his or her employees’ work meets certain criteria. B) assemble the products or provide the services that the company sells. C) respond to customers’ complaints about the company’s offerings. D) invest some of his or her compensation in company shares. ANSWER A
Date: September 3rd, 2020
