QUESTION A company raises the price on its products and sells more of them. What is the impact on its cash flow? A) Cash inflow increases. B) Cash inflow decreases. C) Cash outflow increases. D) Cash outflow decreases. ANSWER A
Date: September 3rd, 2020
QUESTION How would you apply the principle of “paying yourself first”? A) Every time you get paid, put most of the money into a checking account that you can easily access. B) Every time you get paid, use a set amount of money to buy a small luxury item you’ve been wanting. C) Every time […]
Date: September 3rd, 2020
QUESTION Finding the right balance between revenues and spending can mean all the difference between success and failure. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION Because they own a lot of valuable items that make more money, wealthy people become even more wealthy. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION A publicly traded company is A) a company that is family-owned and –founded. B) a company that is funded primarily through federal income taxes levied by the government. C) a company that is owned by its employees. D) a company that issues stock for people to buy on a stock exchange or other markets. […]
Date: September 3rd, 2020
QUESTION What is an important benefit of the practice of paying yourself first? A) The practice enables you to treat yourself to lavish purchases. B) You keep all your money in a liquid form that you can easily access as needed. C) You can pay off your largest bills in a more timely manner. D) […]
Date: September 3rd, 2020
QUESTION An annual report is A) a description of a firm’s financials, distributed to everyone who owns stock in the firm. B) a statement describing market growth in a specific industry, such as automotive or telecommunications. C) a set of documents explaining trends and challenges in a nation’s economy. D) a booklet published by the […]
Date: September 3rd, 2020
QUESTION Liquidity is the ability of an asset to be converted into cash. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION Which of the following is NOT true about open book management? A) Employees are encouraged to suggest ways to improve the company’s performance. B) Employees directly review their managers’ on-the-job performance. C) Employees have access to the firm’s financial statements and other information about the company’s performance. D) Employees see how their performance affects […]
Date: September 3rd, 2020
QUESTION Interest is A) the fee that a bank or other institution pays you for the use of your money. B) the fee that you pay a bank in order to use a personal or business checking account. C) the money you set aside in a savings account every time you get paid. D) the […]
Date: September 3rd, 2020
