NAF Test Review Questions & Answers 2023/2024

NAF Test Review Questions & Answers 2023/2024 acquisition - ANSWER-The act of one corporation acquiring another through the purchase of its shares or by purchasing its assets. annuity - ANSWER-A type of investment where money is exchanged for a series of equal payments over time. Payments can include interest on the original sum plus income from investments. Annuities are sold by life insurance companies and are often purchased to provide retirement income and shift the responsibility for investing to an investment company. bailout - ANSWER-A loan or offer of money to a business in order to save it from bankruptcy; a financial rescue. blue chip stock - ANSWER-The stock of a financially sound company with a history of strong earnings and reliable dividends. certificate of deposit (CD) - ANSWER-Record of money deposited in a financial institution for a stated time period at a fixed interest rate. chief financial officer (CFO) - ANSWER-The corporate officer who is responsible for overseeing and managing the financial activities and policies of an entire company. controller - ANSWER-A person who maintains and supervises accounting and financial reporting. The controller (or comptroller) maintains and audits business accounts. corporate bylaws - ANSWER-The laws and/or rules governing an organization, which may include establishing corporate policies, providing rules by which stock will be issued, and guiding daily activities. credit bureau - ANSWER-A credit-reporting agency that checks credit information and keeps files on people who apply for and use credit.