Which of the following statements about financial risks is not true?
A) Many financial risks are attributable to fluctuations in value.
B) Financial risks arise from events that prevent a firm from conducting its normal scope of operations.
C) An example of a financial risk is one associated with unfavorable credit rating.
D) Price risks associated with input costs are a form of financial risk.
B
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When firms issue stock to raise capital, they
A. may tap foreign as well as domestic markets. B. are limited to domestic markets, due to local legislation. C. are making a commitment to adopt 3BL. D. are foregoing the use of domestic debt markets.
One of the overall goals of the Pancake House Restaurant is customer satisfaction. In the light of that goal, match the internal business processes perspective with the appropriate objective
a. Customer satisfaction means that the chefs engage in culinary continuing education. b. Customer satisfaction means that customers receive their food within 10 minutes of placing an order. c. Customer satisfaction means that the customer appreciation program is successful. d. Customer satisfaction means that the restaurant is profitable.
Which of the following is NOT normally an objective of financial reporting?
a. To provide information about an entity's assets and claims against those assets b. To provide information that is useful in assessing an entity's sources and uses of cash c. To provide information that is useful in lending and investing decisions d. To provide information about an entity's liquidation value
You have covered the major points of the sales presentation and detected considerable buyer interest, but you feel that the prospect will not be able to put the entire picture together without help. Which type of closing would be most appropriate?
A) balance sheet close B) management close C) summary-of-benefits close D) trial close E) assumptive close