FIN101

1. The legal entity separation from its legal owners and managers with the help of state laws is classified as: (Ch 1) a) Controlled Corporate Business b) Corporation c) Limited Corporate Business d) Unlimited Corporate Business 2. The notes, mortgages, bonds, stocks, treasury bills and consumer loans are classified as: (Ch2) a) Financial Instruments b) Capital Assets c) Primary Assets d) Competitive Instruments 3. The low default-risk security issued by financially secure firms is classified as: (Ch 2) a) U.S Treasury Bills b) Commercial Paper c) Certificate of Deposit d) Mutual Funds 4. Expenses that are related to using of intangible assets. (Ch 3) a) Depreciation b) Balance Sheet c) Treasury Stock