BA323 EXAM 1 ANDREW DO
The key participants in financial transactions are individuals,
businesses, and governments. Individuals are net ________ of funds,
and businesses are net ________ of funds. - ANSWERS-suppliers;
demanders
Profit maximization as the goal of the firm fails to account for
differences in the following except - ANSWERS-the desirability of
the cash flows
The________________ is created by a financial relationship between
suppliers and demanders of short term funds. - ANSWERS-Money
market
The sale of a new security directly to an investor or a group of
investors is called ________. - ANSWERS-Public offering
Which of the following is not an essential function of financial
markets. - ANSWERS-Information aggregation and coordination
A company has just ended the calendar year making a sale in the
amount of $9000 of merchandise purchased during the year at a total
cost of $6000. although the firm paid in full for the merchandise
during the year ,it has yet to collect ay year end from the customer .
the net profit and cash flow from the sale for the year are -
ANSWERS-$3000 and -$6000 respectively
The key participants in financial transactions are individuals,
businesses, and governments. Individuals are net ________ of funds,
and businesses are net ________ of funds. - ANSWERS-suppliers;
demanders
Profit maximization as the goal of the firm fails to account for
differences in the following except - ANSWERS-the desirability of
the cash flows
The________________ is created by a financial relationship between
suppliers and demanders of short term funds. - ANSWERS-Money
market
The sale of a new security directly to an investor or a group of
investors is called ________. - ANSWERS-Public offering
Which of the following is not an essential function of financial
markets. - ANSWERS-Information aggregation and coordination
A company has just ended the calendar year making a sale in the
amount of $9000 of merchandise purchased during the year at a total
cost of $6000. although the firm paid in full for the merchandise
during the year ,it has yet to collect ay year end from the customer .
the net profit and cash flow from the sale for the year are -
ANSWERS-$3000 and -$6000 respectively
