Exam 13: Managing Financial Resources

SCENARIO-BASED You and a friend want to open new pet grooming and pet services shop. Once established, you intend to open a second store in a larger town 20 miles away. If store number two is a success, you plan to start franchising your company. -The most important estimate in your financial plan will be your _____.

A market index is a measure for tracking stock prices.

Which of the following is true about the NASDAQ (National Association of Securities Dealers Automated Quotations)

SCENARIO-BASED Sherry LeBlanc has been a teller at Community First Bank for two years and anticipates a promotion to main teller within the next few months. She’s worked hard at her job, knows her bank’s financial products well, and interacts with customers effectively. Community First Bank has been in business for 38 years, provides traditional banking services, and enjoys a good reputation in the local area. -Because it's a growing trend in the U.S., it's entirely possible that Sherry's bank will merge with a larger bank.

Treasury bills mature in one year.

_____ funds pay interest to investors who have pooled funds to make short-term loan to businesses and government bodies.

When investors look at the overall quality of a company, all of the following are among the basic questions that they ask except.

Explain the four ways in which the Fed functions as the U.S. government's banker.

A(n) _____ market deals in new financial assets.

SCENARIO-BASED You and a friend want to open new pet grooming and pet services shop. Once established, you intend to open a second store in a larger town 20 miles away. If store number two is a success, you plan to start franchising your company. -During the first year of operation, _____ will be among your most valuable financial skills.

SCENARIO-BASED Sherry LeBlanc has been a teller at Community First Bank for two years and anticipates a promotion to main teller within the next few months. She’s worked hard at her job, knows her bank’s financial products well, and interacts with customers effectively. Community First Bank has been in business for 38 years, provides traditional banking services, and enjoys a good reputation in the local area. -Because it's a nondepository institution, Community First Bank will probably never offer trust services.

In the process of becoming a publicly-traded corporation, a company needs the help of a commercial bank.

Because they don't accept deposits from individuals or provide traditional banking services, _____ are characterized as nondeposit institutions.

When banks make business loans, they usually ask for security in the form of collateral. Why

Stockholders' equity is the amount invested in a business by its owners.

A bond is a form of earnings distributed to a firm's stockholders.

A business gets _____ credits from its suppliers.

SCENARIO-BASED Sherry LeBlanc has been a teller at Community First Bank for two years and anticipates a promotion to main teller within the next few months. She’s worked hard at her job, knows her bank’s financial products well, and interacts with customers effectively. Community First Bank has been in business for 38 years, provides traditional banking services, and enjoys a good reputation in the local area. -Sherry works at the most common type of financial institution in America.

_____ is the best-known over-the-counter electronic exchange system.

If Kent Pulowski wants to open a personal retirement account to save money tax free until his retirement, he should look into a(n) _____.