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Exam 17: Financial Management

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Question 111

Multiple Choice

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As a finance manager at AllSports Communication,Charlie worries about the firm's borrowing and debt repayment requirements for the next year.He knows the benefit of estimating AllSports' money disbursements and short-term investment expectations.Facing these concerns,a(n) ________ would provide Charlie with valuable information.

A) operating budget
B) cash budget
C) capital budget
D) line item budget

E) A) and B)
F) None of the above

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Question 112

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A line of credit represents a guarantee from a bank to lend a firm a given amount of money.

A) True
B) False

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Question 113

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)One activity of the accounting function is to collect payments from overdue customer accounts.

Finance is most closely related to:

Financial management is more important for a large firm than it is for a small firm.

Businesses often require customers with poor credit ratings to sign a promissory note as a condition for obtaining credit.

Acquiring sufficient funds to meet the operational needs of an organization represents a responsibility of financial management.

)The financial manager of a company is responsible for managing cash,budgets,accounts receivable,and managing taxes.

One of the challenges of effective financial management is:

A bond is like a company-issued IOU with a promise to repay the amount borrowed on certain date.

Which of these is backed only by the reputation of the issuer?

The concept of the time value of money is based on the interest earning power of money.

All of the following are primary areas of concern for financial managers except:

Everyone in business should study finance and accounting.

No matter the size,finance is a critical activity for:

Venture capital is money that is invested in new or emerging companies that are perceived as having great profit potential.

Since commercial finance companies offer loans to higher risk customers than commercial banks,the interest rates they charge are usually ________ than rates charged by banks.

By purchasing stock in Entertainment Today,Veronica has become a(n) ________ the company.

________ examine the data prepared by ________ and then make recommendations to top management regarding strategies for improving the firm.

Companies should match the type of financing with the anticipated needs for the financing.