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WorksheetsFinance
Total questions: 25
Worksheet time: 13mins
A financial institution fails to comply with an important government regulation. The financial institution will most likely...
pay a fine
get a better reputation
gain new business
avoid an audit
One benefit of using technology in compliance is that technology is typically more __________ than maintaining manual compliance processes.
time-consuming
costly
efficient
error-prone
Many nations have developed environmental regulations in order to encourage
moral conduct
ethical behavior
conservation
industrialization
Joan borrowed $10,000 from a relative to start her own business. Assuming she takes all responsibility for the company's financial risks, the company is most likely a...
sole proprietorship
limited partnership
corporation
partnership
An individual or business can minimize capital losses on investment property by
liquidating remaining assets
claiming the loss as a tax deduction
obtaining a long-term loan
renegotiating property insurance premiums
The business manager tried to write a promotional letter that was simple, clear, and interesting so that customers who received it would
easily understand it
need to read it many times
find it entertaining
ask what it really meant
What question should finance professionals ask to provide the appropriate types and levels of service to their clients?
how can I mazimize my returns?
should I follow up with the clients?
what are the client's expectations?
are my goals realistic and attainable?
Customer Relationship Management (CRM) processes should support the basic steps of the __________ cycle.
accounting
customer life
customer complaint
business
The most environmentally friendly way for producers to respond to limited natural resources is by
tapping the resources
conserving the resources
decreasing prices
increasing production
What economic activity is necessary for consumption to occur?
financing
opportunity
production
management
Gary believes that the upper class should pay a higher income tax rate than the middle and lower classes. What tax structure does Gary favor?
progressive
regressive
proportional
exclusive
What often happens to businesses when interest rates rise?
consumer demand increases
output decreases
profits increase
cost of goods decreases
The yen, peso, and euro are types of...
bonds
money
stock
dollars
When reconciling your check register, it is important to __________ your balance.
subtract your earned interest from
add your debit card transactions to
subtract all applicable fees from
add ATM withdrawals to
Which of the following securities is most likely to be bought and sold on a money market:
short-term equity securities
long-term equity securities
short-term debt securities
long-term debt securities
Which of the following is most likely to have a negative effect on financial markets:
interest rates fluctuate daily
business expansion slows quickly
unemployment rates stabilize steadily
consumer spending increases consistently
Which of the following is one of the main components of an income statement:
assets
revenue
taxes
liabilities
When preparing a statement of equity, what does a business deduct from its total net income to obtain its retained earnings?
dividends paid
depreciation of assets
sales tax payable
bad debt
One disadvantage of marginal analysis is that it does not account for
outsourcing
sunk costs
qualitative factors
labor costs
The primary purpose of managerial accounting is to provide accurate data about a business's activities that help internal users
control external factors
make informed decisions
obtain necessary loans
understand corporate policies
You want to have $8,000 in three years to purchase a car. You can earn 4% compound interest on your investment. How much should you invest today?
$7,821.47
$7,364.10
$7,692.31
$7,111.75
Making employment information available to job seekers in many locations at the same time is one way that computer technology impacts
organizational decision-making
business development
corporate communications
human resources management
When project managers prepare to-do lists and schedule activities, they are using __________ skills.
information-based
time-management
creative-thinking
problem-solving
Lynnette works at Main Street Bank. Her primary job responsibility is to determine if the bank should lend funds to the bank's customers. Lynnette is working as a(n)
collections officer
credit analyst
chartered financial consultant
bank agent
Corporate governance is primarily concerned with __________ desires.
CEO's
stakeholders'
vendors'
competitors'
