Which of the following is NOT the source of short-term funds?

Which of the following is NOT the source of short-term funds?A . AccrualsB . Letter of creditC . Reverse repurchase agreementD . Payable concentrationView AnswerAnswer: D

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The expenses incurred when a customer stops buying a product or service from one business and starts buying it from another are called:

The expenses incurred when a customer stops buying a product or service from one business and starts buying it from another are called:A . Transferring costsB . Switching costsC . Change costsD . Replacement costsView AnswerAnswer: B

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Financial management decisions can be divided into the management of assets and liabilities in:

Financial management decisions can be divided into the management of assets and liabilities in:A . long termB . short termC . Both A and BD . Neither A nor BView AnswerAnswer: C

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What focuses on the roles of senior managers in guiding an organization to fulfill its missions and meet its goals?

What focuses on the roles of senior managers in guiding an organization to fulfill its missions and meet its goals?A . Senior managementB . Operational controlC . Executive leadershipD . Board of ControlView AnswerAnswer: C

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A defect is any mistake or error that is passed on to the customer is known as:

A defect is any mistake or error that is passed on to the customer is known as:A . Customer conformanceB . ConsultantC . Six-sigma terminologyD . X-bar terminologyView AnswerAnswer: C

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Process of envisioning the organization’s future and developing the necessary procedures and operations to achieve that future is called:

Process of envisioning the organization’s future and developing the necessary procedures and operations to achieve that future is called:A . Foregoing planningB . Strategic planningC . Operational planningD . Organizational planningView AnswerAnswer: B

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A long-term contract under which a borrower which a borrower agrees to make payments of interest and principal on specific dates to its holder is called:

A long-term contract under which a borrower which a borrower agrees to make payments of interest and principal on specific dates to its holder is called:A . BondB . LoanC . MortgageD . CreditView AnswerAnswer: A

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What refers to how easy it is to augment hardware and software and their use as the business grows?

What refers to how easy it is to augment hardware and software and their use as the business grows?A . CompatibilityB . ConnectivityC . ScalabilityD . FunctionalityView AnswerAnswer: C

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What translate into maximizing the value of the firm as measured by the price of the firm’s common stock?

What translate into maximizing the value of the firm as measured by the price of the firm’s common stock?A . Stockholder wealth maximizationB . maximize goal achievementC . Stock price maximizationD . Maximize profit investmentsView AnswerAnswer: A

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An organization that is committed to total quality must apply it at which level?

An organization that is committed to total quality must apply it at which level?A . organizational levelB . process levelC . job levelD . All of the aboveView AnswerAnswer: D

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