BUSINESS FINANCE SUMMATIVE TEST
Quiz by Charlene Tabaniera
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- Q1
It is designed to ensure that a company operates efficiently by monitoring and using its current assets and liabilities to the best effect.
inventory management
receivable management
working capital management
cash management
45s - Q2
These refer to cash, accounts receivable, inventories, and prepaid expenses.
owner's equity
current liabilities
current assets
noncurrent assets
45s - Q3
It is the difference between current assests and current liabilities.
temporary working capital
permanent working capital
net working capital
contractual working capital
45s - Q4
In this working capital financing policy, the permanent working capital requirements should be financed by long-term sources while temporary working capital requirements should be financed by short-term sources of financing.
maturity-matching
modern
aggressive
conservative
45s - Q5
It is the time to collect cash from the sale of the inventory.
days of receivable
days of payable
days of inventory
none of the above
45s - Q6
In this working capital financing policy, some of the permanent working capital requirements are financed by short-term sources of financing.
maturity-matching
aggressive
modern
conservative
45s - Q7
In this kind of working capital policy, some of the temporary working capital requirements are financed by long-term sources of financing.
aggressive
maturity-matching
conservative
modern
45s - Q8
It is the borrower's willingness to pay the loan.
character
collateral
condition
capacity
45s - Q9
It is the borrower's security pledge for the loan payment.
character
capacity
condition
collateral
45s - Q10
It is the borrower's security pledge for the loan payment.
character
collateral
capacity
condition
45s