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Exam 17: Financial Management

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Question 21

Multiple Choice

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As the owner of Kingdom's Treasures,Jerry negotiates with suppliers who hope to place their products in his high volume retail gift store.Jerry finances his inventory through the ________ credit offered by suppliers who delay payments for up to 60 days after the merchandise has been delivered to his business.

A) residual
B) trade
C) asynchronous
D) LIFO

E) All of the above
F) A) and B)

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Question 22

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Financial managers are responsible for the design and implementation of an organization's marketing function.

A) True
B) False

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Question 23

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Which of the following is the most commonly used source of short-term financing for businesses?

Financial managers examine the data prepared by accountants and make recommendations to top management regarding strategies for improving the financial well-being of the company.

A term-loan agreement requires the borrower to repay the loan in one lump sum at the end of the loan period.

A debenture bond is backed only by the reputation of the issuer.

) Budgeting,managing receivables,payables,and inventory,and managing taxes are all part of a(n) ________ job.

Which of the following represents a capital expenditure?

Much of a financial manager's day-to-day activities are involved in managing the short-term financial needs of the firm.

The operating (master)budget identifies the allocation of funds required to operate a business at a projected level of revenue.

__________ represent the most favoured source of meeting long-term financing needs because there are no interest payments,dividends,or underwriting fees required when using this source.

A debenture is a special type of stock that pays a higher dividend than common stock.

The timing of a short-term forecast is more important than the forecast's accuracy.

The overall objective of financial planning is to:

In large corporations,the board of directors is normally involved in decisions regarding long-term financing.

The importance of financial managers to firms with large inflows is greater than for firms with smaller cash flows.

As John considers approaching a venture capital firm to provide funding for his new software firm,he should realize that a venture capital firm will:

After enjoying the increased sales and profits of several popular products,XYZ Inc.plans to expand their production facilities.The firm,a well-known producer of lawn care products,prefers financing this project with a funding source that avoids interest and dividend payments as well as underwriting costs.Which of the following best meets the needs of XYZ Inc.?

Admiral Electric is a widely known,successful manufacturer of industrial motors and related equipment.When Admiral Electric anticipates a need for short-term funds,it offers unsecured promissory notes to investors for 180 days.To obtain short-term financing,Admiral Electric utilizes:

The overall objective of financial planning is to optimize the firm's profit and make the best use of its money.