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Exam 17: Financial Management Appendix C Managing Risk

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Question 71

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The most difficult kind of loan to obtain from a bank is a secured loan.

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Question 72

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Financial managers are responsible for the design and implementation of an organization's marketing function.

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A term-loan agreement requires the borrower to repay the loan in one lump sum at the end of the loan period.

Effective financial managers carefully review customer credit histories to decrease inventory costs.

Category Development,a leader in residential housing,recently negotiated a financing arrangement with TD Bank.The short-term funding agreement guarantees a specified amount of funds would be made available upon Category Development's request.This arrangement represents a:

describes the short-term financing available to firms that buy merchandise from their suppliers and are not required to pay for their purchase until some future date.

Inability to attract and retain qualified employees is one of the most common ways for a firm to fail financially.

One important consideration for a firm accepting funds from a venture capitalist is the ownership interest demanded by the venture capital firm.

A promissory note is a written contract with a promise that one party will pay a specified amount to another party.

The managers of Dakoti Clothing regularly compare their actual profits with the firm's projected profits.When deviations occur,the managers use the feedback to take corrective action when necessary.The management of Dakoti Clothing is exercising financial:

A major concern for firms selling on credit is:

A revolving credit agreement is designed to reduce the risk of lending money.

Identify and describe three types of short-term financing.

The interest paid for debt financing is a tax deductible expense for the firm.

Manitoba Supply offers their customers trade credit with terms 2/15 net 30.This implies that:

refers to the process that identifies variances by comparing actual revenues and expenses to projected revenues and expenses.

Efficient cash management requires firms to pay their bills as quickly as possible,and delay the collection of accounts receivable.

Deltoid Aluminum uses its stock of unsold aluminum products as collateral for short term loans.This arrangement represents:

Which of these is backed only by the reputation of the issuer?

Which of the following highlights a firm's spending plans for the purchase of major assets?