7. Cash dividends are paid out of

A. residual cash.

B. liquidated assets.

C. long-term debt.

D. all of the above. ************************

8. Capital budgeting involves

A how a firm's day-to-day financial matters should be managed.

B how the firm should finance its assets.

C which productive assets the firm should employ.

D all of the above. ************************

9. Which of the following is responsible for seeing that the best possible financial analysis is presented?

A. CFO

B. CEO

C. board of directors

D. audit committee *************************

10. The treasurer of a corporation usually reports to the CFO of the firm?

A. True

B. False