The difference between current assets and current liabilities is known as____________?

A: Surplus Asset

B: Short-term Ratio

C: Working Capital

D: Current Ratio

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Working Capital

Which of the following costs are reported on the income statement as the cost of goods sold?

A: Product cost

B: Period cost

C: Both product cost and period cost

D: Neither product cost nor period cost

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Product cost

Standard Company had net sales of Rs. 750,000 over the past year. During that time, average receivables were Rs. 150,000. Assuming a 365-day year, what was the average collection period?

A: 5 days

B: 36 days

C: 48 days

D: 73 days Read More Details about this Mcq

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73 days

Which of the following terms refers to the use of debt financing?

A: Operating Leverage

B: Financial Leverage

C: Manufacturing Leverage

D: None of the given options

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Financial Leverage

Finance is vital for which of the following business activity (activities)?

A: Marketing Research

B: Product Pricing

C: Design of marketing and distribution channels

D: All of the given options

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All of the given options

The system by which companies are managed and controlled is known as:

A: Management System

B: Strategic System

C: Corporate Governance

D: Internal System

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Corporate Governance

Corporate governance encompasses the relationship among a companys:

A: Shareholders and board of director

B: Board of directors and senior management

C: Shareholders and senior management

D: Shareholders, board of directors and senior management

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Shareholders, board of directors and senior management

The Board of Directors sets company-wide policy and advices the CEO and other senior executies, who manage the companys:

A: Managerial activities

B: Year-to-Year activities

C: Day-to-Day activities

D: Financial activities

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Day-to-Day activities

A major facet of financial management involves providing the financing necessary to support:

A: Liabilities

B: Debts

C: Loans

D: Assets

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Assets

The market price of a firms stock represents the focal judgment of all market participants as to the value of the:

A: Particular market

B: Particular firm

C: Particular creditor

D: Particular debtor

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Particular firm

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