Book reference for the quiz: Business (Pride, Hughes, & Kapoor, 2014)
Making money
Dressing well
Having a nice car
Honesty
True
False
Establishing organizational goals and objectives
Setting up a slush fund
Budgeting for financial needs
Identifying sources of funds
For the lender, the shorter repayment period means less risk of non-payment.
The dollar amounts of short-term loans are usually smaller than those of long-term loans.
A close working relationship normally exists between the short-term borrower and the lender.
All of the above
True
False
Trade credit
Promissory notes issued to suppliers
Unsecured bank loans
Commercial paper
Inventory
Accounts receivable
All of the above
Trade credit
Promissory notes
Inventory
Accounts receivable
True
False
Initial public offerings
Primary markets and investment banking firms
Securities exchanges
The over-the-counter (OTC) market
All of the above