• Question 1

Existing securities are traded:    

• Question 2

Which one of the following is not a primary market function of investment bankers?    

• Question 3

Which one of the following is not a cost to the issuing firm of going public with an initial stock offering?    

• Question 4

The regulation of new security sales by individual states is referred to as:    

• Question 5

A market has ________ if it can absorb large orders without disrupting prices; it has ___________ if it has many trades.    

• Question 6

The effect on revenues and expenses from variations in the value of the U.S. dollar in terms of other currencies is called:    

• Question 7

As defined in accordance with efficient markets notions, a weak-form efficient market would be a market in which asset prices reflect all:    

• Question 8

The risk caused by variations in interest expense unrelated to sales or operating income arising from changes in the level of interest rates in the economy is called:    

• Question 9

A stock that went from $40 per share at the beginning of the year to $45 at the end of the year and paid a $2 dividend provided an investor with a ____ return.    

• Question 10

As defined in accordance with efficient markets notions, a strong-form efficient market would be a market in which asset prices reflect all:    

• Question 11

Which form of business organization does not have a basic weakness of raising capital?    

• Question 12

Under which one of the following business organizations do the owners have unlimited liability for all debts of the firm?    

• Question 13

Which one of the following balance sheet accounts would not be considered to be a current liability?    

• Question 14

The current liabilities of a business may include:    

• Question 15

All of the following accounts are considered to be current assets on the balance sheet except:    

• Question 16

The primary purpose of the liquidity ratios is to determine:    

• Question 17

The quick ratio of a firm with current assets of $300,000, current liabilities of $100,000 and inventory of $100,000 is:    

• Question 18

The _______________ ratio is computed as earnings before interest and taxes divided by interest expense:    

• Question 19

Find the net profit margin if earnings before interest and taxes is $20,000, net income is $10,000, sales are $50,000, and total assets are $100,000.    

• Question 20

The method of evaluating the firm's performance over time is known as: