1. A duty of the Treasury Department is to minimize the time it takes to process a vendor payment.
2. True
3. False

4 points

QUESTION 8

1. A responsibility of the Treasury Department is to ensure there is product available for customer shipments.
2. True
3. False

4 points

QUESTION 9

1. Industry standards often provide the best metrics to evaluate a company's performance.
2. True
3. False

4 points

QUESTION 10

1. Short term investments usually provide the highest interest rate.
2. True
3. False

4 points

QUESTION 11

1. Investment policies should always begin with the statement "The primary objective of this policy is to ensure the investments provide the highest yield".
2. True
3. False

4 points

QUESTION 12

1. Selling equity in a company means selling ownership shares while debt requires repayment of a loan in the future.
2. True
3. False

4 points

QUESTION 13

1. A cash forecast is an important tool in deciding the amount of a bank line of credit is needed.
2. True
3. False

4 points

QUESTION 14

1. Financial leverage means using other people's money.
2. True
3. False

4 points

QUESTION 15

1. Letters of Credit are used for doestic, US, transactions only.
2. True
3. False

4 points

QUESTION 16

1. A company that performs all the collection processes in-house not using a lock box system or other bank product has the advantage of creating an economy of scales for the collection activity.
2. True
3. False

4 points

Click Save and Submit to save and submit. Click Save All Answers to save all answers.