A just-in-time inventory management system is intended to:

A) extend credit to new customers.

B) have sufficient inventory on hand under any circumstance.

C) reduce a firm's investment in inventory.

D) reduce capital expenditures.

When a corporation uses bonds to obtain long-term funds, the firm has a legal obligation to pay regular ________ payments and repay the ________ at the maturity date.

A) dividend; par value B) interest; bond premium C) dividend; maturity value D) interest; principal

The New York Stock Exchange and the American Stock Exchange are both examples of:

A) limited partnerships. B) regional exchanges. C) unlimited exchanges. D) national exchanges.

Stock in Olympia Oil Refineries was selling for $150 per share when the company's board of directors declared a three-for-one stock split. The probable price per share after the split was:

A) $450. B) $ 50. C) $350. D) $100.