40. What does an income statement reveal about a business over time?

A. Financial viability C. Fairness

B. Dependability D. Obligations

41. The numbers in the 52-week high and low column of a stock table indicate A. the stock's best prices.

B. if the stock price is excessively high.

C. the pricing range for the year.

D. the price range in which the stock should trade.

42. Which of the following statements concerning ticker symbols is correct:

A. They are the only way to identify a firm.

B. They inform you of the stock's type.

C. They're made comprised of a company's initial three letters.

D. They are only issued to New York Stock Exchange corporations.

Which of the following is an example of a lending investment: 43. Which of the following is an example of a lending investment:

A. Investments B. Antiques

D. Bonds B. Houses

Bennett, 44, has recently graduated from college and has moved into her own apartment near a bus stop.

She'll be able to ride the bus to her new employment, which will begin in a month. In fact, until she accumulates enough money to buy a car, she'll have to rely on public transportation. What kind of insurance should she get?

A. Renter's insurance and short-term medical insurance

B. Life and health insurance

C. COBRA and renter's insurance

D. Automobile insurance and short-term medical insurance

45. An example of a(n) risk is a labor strike against a major employer.

A. human B. natural C. economic D. internal

46. What kinds of financial documents must firms retain in order to keep track of their transactions?

B. Accounts payable D. Operating procedure A. Tax identification C. Payroll information B. Accounts receivable

47. Which of the following is the basic income statement analysis calculation:

A. Total assets minus total liabilities C. Net income minus outgoings

D. Sales plus operational costs B. Revenue plus sales

Which of the following is a common financial-data management issue:

A. An organization's multiple financial data sources and systems B. An overreliance on a single financial data source and system C. Strict organizational data governance policies and practices

D. Due to compliance restrictions, there is insufficient financial information.

49. Financial-information management's key responsibility is to A. report financial transactions. C. come up with innovative ideas for products.

B. Work with vendors to arrange contracts. D. put in place sales policies.

50. In regards to a company's financial information, which of the following is an example of unethical activity by a businessperson:

A. A client's financial information is reviewed by an unauthorized employee.

B. An auditor checks the financial statements of a company for correctness.

C. To process a loan, a lender asks financial information from a company.

D. To build a budget, a manager evaluates the company's financial information.

51. A technology instrument used by enterprises to store their financial records is:

A. Interchange of electronic data C. Microfilm scanner (digital)

B. Software for direct response Programs for web development (D)

52. Why has the usage of internet technologies in financial data management increased?

A. Acceptance that transaction security is no longer a problem

B. Elimination of electronic data exchange methods

C. Enactment of legislation that recognizes electronic papers as legally enforceable.

D. The right to privacy of clients is protected.

53. The key reason why companies utilize data mining techniques to collect various forms of financial data is to A. properly manage their working capital.

B. define their financial objectives.

C. recognize patterns and linkages in data.

D. examine their accounting records for accuracy.

Alyssa, 54, is launching a small business from her home. Alyssa finds software downloads and printable worksheets on a business "how-to" online site that will help her plan and manage her business's revenues and costs. A. statistical information includes software and worksheets. C. budgeting software.

B. legal information. D. charts of organization.

55. What are the advantages of using budgeting tools to efficiently manage budgeting data?

A. Makes it more difficult for auditors to track down the numbers used in budgets.

B. Extends the amount of time required for value-added activities.

D. Increases management's confidence in budgets C. Reduces the requirement for an audit trail

56. Companies frequently utilize computer spreadsheet software for "what-if" financial planning by inputting various numerical data into formulas that suggest probable A. distribution ways. C. the financial results.

B. manufacturing methods. D. accounting principles.

57. In which of the following scenarios would a company employ cost-analysis software:

A. Determine the amount of delinquent accounts B. Predict sales volume for a specific period of time

C. To determine how income has changed over time.

D. Determine the amount of money spent on inventory storage.

The user must set A. queries to acquire specific financial information from a complex database. Tabs, C.

Symbols B. Panels D.

59. Because the Keller Company is a public organization, it is required to give accurate financial information to its shareholders in the form of an A. accounting portfolio. Memorandum on C. complicated

B. a month-to-month contract. D. yearly report

60. An independent auditor is required to verify the correctness of a public corporation's A. financial reports in order to assure compliance with government laws. C. Efforts to diversify.

B. selling insurance plans