BUSN11 Module 3 Quiz Questions and Answers All Correct
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Course
BUSN11
Institution
BUSN11
BUSN11 Module 3 Quiz Questions and Answers All Correct
Which of the following is true of a securities broker? - Answer-They act as agents for investors who want to buy or sell financial securities.
A(n) _____ is the first time a company issues stock that may be bought by the general public. - ...
BUSN11 Module 3 Quiz Questions
and Answers All Correct
Which of the following is true of a securities broker? - Answer-They act as agents for
investors who want to buy or sell financial securities.
A(n) _____ is the first time a company issues stock that may be bought by the general
public. - Answer-Initial Public Offering
Kun works for PowTran Corp. Her primary responsibilities include managing the firm's
working capital and analyzing long-term investment opportunities for PowTran. Kun is
part of the firm's _____ management team. - Answer-financial
Investors who use analytical techniques to try to predict when prices of particular stocks
are likely to rise and fall are relying on the _________ strategy. - Answer-market timing
The _____ forecasts the types and amounts of assets a firm will need to implement its
future plans as well as the amount of additional financing the firm must arrange in order
to acquire those assets. - Answer-budgeted balance sheet
Government accountants primarily use accounting information to meet the reporting
needs of federal and state agencies. - Answer-True
A firm's operating budget represents a firm's overall plan of action for a specified time
period. - Answer-False
Accounting systems are utilized by companies for several reasons, but they have little
value when it comes to making economic decisions. - Answer-False
Horizontal analysis is the comparison of: - Answer-account values reported on financial
statements over two or more years.
Kyra Inc. has applied for a business loan in the United Bank. In order to best assess the
loan case, the loan officer at the bank, Sirigu, decides to look at the company's net
income figure. Sirigu will find this information in Kyra's _____. - Answer-profit and loss
statement
Through the generally accepted accounting principles (GAAP), the Financial Accounting
Standards Board (FASB) aims to ensure that financial statements are _____. - Answer-
relevant, reliable, consistent, and comparable
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