Under the Truth in Lending Act, your financial loss due to a lost or stolen credit card is: A) zero. B) limited to $50. C) limited to $500. D) unlimited. ANSWER B
Date: September 19th, 2020
Which of the following would NOT be a direct concern of working capital sensitivity? A) accounts receivable collection period B) inventory turnover C) annual tax obligations D) average age of accounts payable ANSWER C
Date: September 19th, 2020
The rate of return available on the next best investment alternative for the saver refers to the opportunity cost of funds. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
You inherit $300,000 from your parents and want to use the money to supplement your retirement. You receive the money on your 65th birthday, the day you retire. You want to withdraw equal amounts at the end of each of the next 20 years. What constant amount can you withdraw each month and have nothing […]
Date: September 19th, 2020
The market rewards the patient investor, for between 1926 and 2008, there has never been a time when an investor lost money if she held an all-stock portfolio for ten years. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
Financial managers work with the managers from the other functional areas of business. For example: When the financial manager provides funds for activities such as the development of products or services, they are probably working with which functional area? A) Human Resourses B) Information Technology C) Marketing D) Operations ANSWER D
Date: September 19th, 2020
Based on the information in Table 4-2, the times interest earned ratio is A) 4.88. B) 8.65. C) 11.48. D) 5.25. ANSWER B
Date: September 19th, 2020
A customer was injured when a furnace exploded following its faulty installation by a heating and cooling business. For the heating and cooling business, this is an example of A) contingent liability. B) completed operations liability. C) products liability. D) contractual liability. ANSWER Answer: B
Date: September 19th, 2020
Which of the following exposures is covered under a Commercial General Liability Policy with no endorsements? A) liability arising out of seepage of pollutants B) employment-related practices liability C) personal injury liability D) aircraft liability ANSWER Answer: C
Date: September 19th, 2020
Which of the following are characteristics of a limited partnership? A) General partners have unlimited liability. B) There must be one or more general partners. C) Limited partners may not participate in the management of the limited partnership. D) all of the above ANSWER D
Date: September 19th, 2020
