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12 QUIZ 3

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

Commercial papers are mature about 10 months.

a)

TRUE

b)

FALSE

2.

Financial instruments are tools that help a finance manager handle his cash, his short-term operating requirements and long-term business requirements.

a)

TRUE

b)

FALSE

3.

The capacity to pay a loan does not affect one’s credit ratings.

a)

TRUE

b)

FALSE

4.

If a sales decrease and financial leverage increases, we can say with certainty that the profit margin on sales will decreases.

a)

TRUE

b)

FALSE

5.

A high current ratio and quick ratio is the indication that a firm is managing its liquidity position well.

a)

TRUE

b)

FALSE

6.

What is liquidity?

a)

Ability of the business to generate profit

b)

Ability of the business to pay its short-term obligation as they fall due

c)

Ability of the business to pay its long-term liabilities.

7.

Below is the characteristic of preferred stock EXCEPT

a)

Has a voting right

b)

Has no maturity date

c)

Issued by corporations in exchange for units of ownership

8.

What do you call to the money extended to a person or business in exchange in return?

a)

Credit

b)

Debt

c)

Loan

9.

What do you call to the obligation to pay back property or cash borrowed in accordance to an agreement?

a)

Credit

b)

Debt

c)

Loan

10.

Below are the examples of short-term debt EXCEPT?

a)

Treasury bills

b)

Treasury bonds

c)

Treasury notes

11.

Type of security that signifies ownership in a corporation and represent a claim on a part.

(a)  

12.

It refers to the value of the assets that the costumer has and plans to use to secure the credit.

(a)  

13.

It measures how a business can survive in the long run.

(a)  

14.

A long-term debt issued by corporations and matures in forty years.

(a)  

15.

What is the liquidity ratio that is also known as working capital?

(a)