1. Capital budgeting includes which of the following?

I. determining the amount of cash needed on a daily basis to operate a firm

II. identifying assets that produce value in excess of the cost to acquire those assets

III. evaluating the size and timing of future cash flows from a project IV. evaluating the risks associated with a proposed project

		a. I only
b.		II only
c.		II, III, and IV only
d.		I, II, and IV only
e.		I, II, III, and IV

2. Working capital management includes which of the following?

I. establishing the inventory level II. deciding when to pay suppliers III. determining the amount of cash needed on a daily basis IV. establishing credit terms for customers

a.		I and II only
b.		III and IV only
c.		I, II, and III only
d.		I, II, and IV only
e.		I, II, III, and IV

3. The control of a corporation ultimately lies with:

		a.chief financial officer
		b.company president
	c.	company stockholders
	d.	chairman of the board
	e.	chief executive officer