12 Grade Quiz #3, October 24, 2013
9 Questions
| Total Attempts: 221
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Questions and Answers
- 1.Working Capital is the ability of a firm to be able to pay its short-term debts.
- A.
True
- B.
False
- 2.Which is NOT a part of the Work Cycle?
- A.
Credit
- B.
Cash
- C.
Liquidation
- D.
Production
- 3.The net monthly cash flow consist of opening and closing balance.
- A.
True
- B.
False
- 4.Below is the correct equation for Current Ratio: Current Assets - Stocks / Current Liabilities
- A.
True
- B.
False
- 5.Current Assets = Stocks + Debtors + Cash
- A.
True
- B.
False
- 6.What person that stated the following quote in the movie Meltdown. “One day we had a firm, the next day we did not.”
- A.
Dick Fuld
- B.
Maxine Waters
- C.
Jim Flaherty
- D.
Hank Paulson
- 7.People were buying apartments, in 2008, not to live in, but to resale and make a profit.
- A.
True
- B.
False
- 8.Who is the man, in the movie Meltdown, known as “The Snake?”
- A.
Alex Brummer
- B.
Allen Greenspan
- C.
Hank Paulson
- D.
James Cayne
- 9.In the movie Meltdown, excess credit was showing in ‘sub-prime’ loans.
- A.
True
- B.
False
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