Intro to Business Chapter 16: Mastering Financial Management Complete Test.

Intro to Business Chapter 16: Mastering Financial Management Complete Test. Which of the following is not a reason it is usually easier to obtain short-term debt financing than long-term debt financing? - CORRECT ANSWER Lenders of short-term loans do not require collateral. If a nonprofit organization needs to raise funds for a building project, it could issue _____ , which are backed only by the organization's reputation. - CORRECT ANSWER Debenture bond If Boeing needed a short-term loan of over $100,000 to finance its accounts receivable, which of the following would most likely be the least expensive option and involves the least risk for Boeing? - CORRECT ANSWER Commercial paper When a corporation needs money for long-term financing, where could it obtain these funds without the requirement of repayment? - CORRECT ANSWER Equity capital Typical job titles in finance include chief financial officer, vice-president of finance, bank officer, consumer credit officer, financial analyst, financial planner, loan officer, insurance analyst, and investment account executive. Which of the following is not one of the qualifications to have a career in finance? - CORRECT ANSWER A post-graduate degree _____ refers to the time lag between the actual production of goods and when the goods are sold. - CORRECT ANSWER Speculative production When a business needs additional money to continue operations it has several options available to it. One option, a ______ , is an arrangement with the lender in which a loan is approved before the money is actually needed. While the loan is preapproved, which permits the loan to be made without delay, there is no guarantee that the lender can make the loan because the loan is contingent on the lender having sufficient funds available to make the loan. - CORRECT ANSWER Line of credit