Question 1

5 out of 5 points Which cash equivalent raises funds by selling shares to large numbers of investors and then pools these funds to purchase short-term, liquid securities? Answer Selected Answer: money market mutual funds Correct Answer: money market mutual funds

Question 2
5 out of 5 points As part of the financial planning process, planners would create projected financial statements, also known as _____ statements. Answer Selected Answer: pro forma Correct Answer: pro forma

Question 3
5 out of 5 points _____ ratios measure the ability of an organization to convert assets into the cash it needs to pay off liabilities that come due in the next year. Answer Selected Answer: Liquidity Correct Answer: Liquidity

Question 4
5 out of 5 points

When a firm reinvests some of its net income rather than distributing it to owners, the result is an increase in the firms Answer Selected Answer: retained earnings. Correct Answer: retained earnings.

Question 5
5 out of 5 points A(n)_____ measures how effectively a firm uses its assets to generate revenue. Answer Selected Answer: asset management ratio Correct Answer: asset management ratio

Question 6
5 out of 5 points Many _____ have no expectation that employers will be loyal to them, and they do not feel that they owe their companies strong loyalty in return. Answer Selected Answer: younger workers Correct Answer: younger workers

Question 7
5 out of 5 points _____ refers to the combination of pay and benefits that employees receive in exchange for their work. Answer Selected Answer: Compensation

Correct Answer: Compensation

Question 8
0 out of 5 points Several recent studies show that women in the labor force Answer Selected Answer: Correct Answer: now earn as much as men for doing work that requires the same level of education and training. still face a significant degree of discrimination in terms of both pay and promotions.

Question 9
5 out of 5 points The _____ prohibited discrimination in hiring, promotion, and compensation against people with disabilities and required employers to make reasonable accommodations for them. Answer Selected Answer: Americans with Disabilities Act of 1990 Correct Answer: Americans with Disabilities Act of 1990

Question 10
5 out of 5 points _____ are a form of compensation in which payment is based on a percentage of sales. Answer Selected Answer: Commissions Correct Answer: Commissions

 Question 11
5 out of 5 points One drawback to ETFs is that investors Answer Selected Answer: must pay commissions when making a purchase. Correct Answer: must pay commissions when making a purchase.

Question 12
5 out of 5 points A _____ allows investors to track general market conditions. Answer Selected Answer: stock index Correct Answer: stock index

Question 13
0 out of 5 points In the _____, corporations raise additional financial capital by issuing and selling new securities, while in the _____, investors trade previously issued securities. Answer Selected Answer: bond market; stock market Correct Answer: primary market; secondary market

Question 14
5 out of 5 points The stocks of firms that dont meet listing requirements for stock exchanges are traded on the _____ market.

Answer Selected Answer: over-the-counter Correct Answer: over-the-counter

Question 15
5 out of 5 points A _____ is long-term debt issued by a corporation or government entity in exchange for funds. Answer Selected Answer: bond Correct Answer: bond

Question 16
0 out of 5 points Services are: Answer Selected Answer: produced independently of the consumer. Correct Answer: consumed where they are provided.

Question 17
5 out of 5 points _____ software takes the electronic design for a product and creates the programmed instructions that robots must follow to produce a product as efficiently as possible. Answer Selected Answer: CAM Correct Answer:

CAM

Question 18
5 out of 5 points _____ is/are the replacement of human operation and control of machinery with some form of programmed control. Answer Selected Answer: Automation Correct Answer: Automation

Question 19
5 out of 5 points Improvements in _____ are key to achieving a competitive advantage because the firm is then able to improve efficiency and effectiveness. Answer Selected Answer: quality Correct Answer: quality

Question 20
0 out of 5 points Most manufacturing firms are concerned about the availability of reliable electricity and water supplies when making location decisions. These considerations deal with the: Answer Selected Answer: adequacy of land enhancements. Correct Answer: adequacy of utilities.

Question 21

5 out of 5 points An auditor issuing a(n) _____ has uncovered serious and widespread problems with the preparation of a firms financial statements. Answer Selected Answer: adverse opinion Correct Answer: adverse opinion

Question 22
5 out of 5 points The _____ budget brings together all of the firms budgeting documents to provide a unified plan for the a specific budget period. Answer Selected Answer: master Correct Answer: master

Question 23
5 out of 5 points As a _____ you work within an organization, preparing reports and analyzing financial information such as budgets and cost management. Answer Selected Answer: management accountant Correct Answer: management accountant

Question 24
5 out of 5 points _____ is/are what the firm owes its creditors. Answer

Selected Answer: Liabilities Correct Answer: Liabilities

Question 25
5 out of 5 points The major output of financial accounting is a set of statements including the Answer Selected Answer: balance sheet, income statement, and statement of cash flows. Correct Answer: balance sheet, income statement, and statement of cash flows.