The treasurer and the controller of a corporation generally report to the

• A) board of directors.

• B) chairman of the board.

• C) chief executive officer.

• D) president.

• E) chief financial officer

Which one of the following statements correctly depicts the common chain of command in a corporation?

• A) The information systems manager reports to the treasurer.

• B) The credit manager reports to the treasurer.

• C) The controller reports to the chief executive officer.

• D) The tax manager reports to the treasurer.

• E) The capital expenditures manager reports to the controller.

Which one of the following is a capital budgeting decision?

• A) Determining how much debt should be borrowed from a particular lender

• B) Deciding whether or not a new production facility should be built

• C) Deciding when to repay a long-term debt

• D) Determining how much inventory to keep on hand

• E) Deciding how much credit to grant to a particular customer

Which one of these is a correct definition?

• A) Net working capital equals current assets plus current liabilities.

• B) Current liabilities are debts that must be repaid in 18 months or less.

• C) Current assets are assets with short lives, such as accounts receivable.

• D) Long-term debt is defined as a residual claim on a firm's assets.

• E) Tangible assets are fixed assets such as patents

The corporate controller is generally responsible for which one of these functions?

• A) Capital expenditures

• B) Cash management

• C) Tax reporting

• D) Financial planning

• E) Credit management

The corporate treasurer oversees which one of these areas?

• A) Financial planning

• B) Cost accounting

• C) Tax reporting

• D) Information systems

• E) Financial accounting

A firm's capital structure refers to the firm's:

• A) mixture of various types of production equipment.

• B) investment selections for its excess cash reserves.

• C) combination of cash and cash equivalents.

• D) combination of accounts appearing on the left side of its balance sheet.

• E) proportions of financing from current and long-term debt and equity.

Short-term finance deals with:

• A) the timing of cash flows.

• B) acquiring and selling fixed assets.

• C) financing long-term projects.

• D) capital budgeting.

• E) issuing additional shares of common stock

Which one of these accounts is included in net working capital?

• A) Copyright

• B) Manufacturing equipment

• C) Common stock

• D) Long-term debt

• E) Inventory

The process of planning and managing a firm's long-term assets is called:

• A) working capital management.

• B) cash management.

• C) cost accounting management.

• D) capital budgeting.

• E) capital structure management