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

A: Surplus Asset

B: Short-term Ratio

C: Working Capital

D: Current Ratio

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

Product cost

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

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

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

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

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

Day-to-Day activities

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

Particular firm

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