Exam (elaborations)
MIE 201 Test 5 Makanui
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MIE 201 Test 5 Makanui
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Name: Score:136 Multiple choice questions
Term 1 of 136
over-the-counter (OTC) market
a network of dealers all over the country linked by computers, telephones, and Teletype
machines
the authority to establish and enforce credit rules for financial institutions and some private
investors
acceptability, divisibility, portability, stability, durability, difficult to counterfeit
production facilities (plants), offices, and equipment-all of which are expected to last for
many years
Definition 2 of 136
a "snapshot" of an organization's financial position at a given moment
balance sheet
statement of cash flows
income statement
ledger
Term 3 of 136
profit margin
raising funds by taking on long-term liabilities
operating income divided by interest expense
retained earnings divided by sales.
net income divided by sales
,Definition 4 of 136
a firm's economic resources, or items of value that it owns, such as cash, inventory, land,
equipment, buildings, and other tangible and intangible things
expenses
revenue
assets
liabilities
Term 5 of 136
current ratio
operating income divided by interest expense
total liabilities/total assets
total liabilities divided by owners' equity
current assets divided by current liabilities
Definition 6 of 136
the study of how money in managed by individuals, companies, and governments
bartering
interest
accounting
finance
,Definition 7 of 136
accounts with funds that usually cannot be withdrawn without advance notice
also called time deposits
bookkeeping
savings account
checking account
fiat money
Definition 8 of 136
stock exchanges and over-the-counter markets where investors can trade their securities with
others
insurance companies
commercial banks
securities markets
secondary markets
Definition 9 of 136
ratios that measure how much debt an organization is using relative to other sources of capital,
such as owners' equity
money market fund
liquidity ratios
debt utilization ratios
profitability ratios
, Definition 10 of 136
the market where firms raise financial capital
securities markets
capital market
primary market
secondary market
Term 11 of 136
transaction balances
ratios that measure how much debt an organization is using relative to other sources of
capital, such as owners' equity
production facilities (plants), offices, and equipment-all of which are expected to last for
many years
accounting that is fit for legal review, involves analyzing financial documents in search of
fraudulent entries or financial misconduct
cash kept on hand by a firm to pay normal daily expenses, such as employee wages and
bills for supplies and utilities
Definition 12 of 136
the largest and oldest of all financial institutions, relying on mainly checking and savings accounts
as sources of funds for loans to businesses and individuals
pension funds
investment banker
finance companies
commercial banks
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