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1. The accountant provides his/her company with the technical preparation, such as the financial statements and the accounting ratios. The finance manager a. Buys stock
1. The accountant provides his/her company with the technical preparation, such as the financial statements and the accounting ratios. The finance manager a. Buys stock for his company b. Makes financial strategic decisions based on the technical evidence. c. Visits with global dignitaries and legal/regulatory advisors from the Federal Trade Commission d. Develops marketing strategy for the firm. 2. The three Cs of finance are: a. Capital, collaboration, co-funding. b. Capital, cash flow, control. C. Cash flow, current debt, co-funding. d. Crowdfunding, cash flow, capital. 3. (Hypothetical example) Bayer, Inc. said Wednesday it will eliminate 2,600 jobs as part of a cost-saving plan designed to deal with falling sales of its biotech seeds and herbicides, which pushed its quarterly losses deeper into the red. This measure will help the CFO, chief financial officer a. Calculate return on investment b. Watch inventory turnover rates c. Control expenses d. Find new capital I 4. The financial statement that should see a more positive bottom line after Bayer's massive layoff is: a. Statement of Break-away Analysis b. Balance Sheet c. Marketing Dashboard d. Profit & Loss Statement 5. In order to keep cash flow coming into the firm, USS (Underground Sprinkler System) Company is keeping its parts inventory at a minimum. It only buys PVC piping and sprinkler heads for each specific client/project that the company pursues. Another tactic that helps maintain good cash flow is a. Implementing a good trade credit policy b. Developing new products and services rapidly c. To sell-off properties that are only used three times each year. d. Keeping taxes at a minimum
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