QUESTION 9 Which of the following are nonprofit, member-owned financial cooperatives that offer the full variety of banking services to their members? Credit unions Thrifts Brokerage firms Commercial banks QUESTION 10 The first step in the financial planning process is Forecasting financial needs Preparing financial statements Establishing financial control Developing budgets QUESTION 11 Which of the following provides the buyer with collateral? Common stock Secured bond Unsecured bond Debenture bonds QUESTION 12 Similar to bond investments, preferred shares can be meaning the firm may buy them back. Callable Retroactive Cumulative Responsive QUESTION 13 Which type of user would be interested in the financial statements (eg, income statement, balance sheet, statement of cash flows) found in annual reports? People interested in the organization's income and financial position (e.g., owners, creditors, financial analysts, suppliers) Government taxing authorities (e.g.. the Internal Revenue Service) Managers of the firm Government regulatory agencies QUESTION 14 What is the top skill needed by a CFO? Math skills Creativity Analytical thinking Communication Skills Click Save and Submit to save and submit Click Save All Ansters to save all ansters Save QUESTION 15 A company's income statement is important to accountants and other stakeholders. It reveals a Company's ability to distribute goods or services in a timely manner Company's ability to earn a profit over time Company's sources of funding Company's capitalized value QUESTION 16 A 2.4kg chicken costs 14,600,000 bolivars in Venezuela. This is the equivalent of $2.22 USD. This example from class illustrates which concept? Financial security Inflation Stability Deflation