1. Permanent working capital ___________.
A) Varies with seasonal needs
B) Includes fixed assets.
C) Is the amount of current assets required to meet a firm's long-term minimum needs.
D) Includes accounts payable.
2. An example of fixed asset is________.
A) Live stock
B) Value stock.
C) Income stock.
D) All of the above.
3. Which of the following constitutes an internal source of funds:
A) corporate bonds
B) common stock
C) commercial paper
D) retained earnings and amortization cash flow
4. It would be fair to say that securities markets in the future:
A) will become more competitive as an international market system develops
B) will be less efficient
C) will be more highly segregated than they are today
D) will be less automated than today's markets
5. The field of finance is closely related to the fields of:
A) statistics and economics
B) statistics and risk analysis
C) economics and accounting
D) accounting and comparative return analysis