An investor is interested in acquiring ownership in a firm while ensuring predictable timing and amount of cash flow. Which instrument should the investor choose?
A. Bonds
B. Commercial paper
C. Common stock
D. Preferred stock
Which of the following can be related to a company's stock price?
A. Economic Value Added
B. Residual Income
C. Return on Investment
D. Operating Profit
In comparing the U.S. banking system and foreign banking systems, which of the following statements is true?
A. Most foreign banking systems do not have central banks.
B. Foreign banking systems typically have more financial institutions than the U.S.
C. Foreign banking systems are not permitted to own equity investments in corporations and U.S. banks are.
D. Many foreign banking systems allow notional pooling and U.S. banks do not.
An international company with multiple divisions has several types of common stock. The company spun off a new division that is growing very quickly and needs additional funding, but the parent does not want additional ownership investment or additional voters. The company would MOST LIKELY issue what kind of stock?
A. Tracking stock
B. Common stock
C. Preferred stock
D. Convertible stock
Which of the following are differences between securities issued through the primary and private capital markets? I.Cost of issuance and speed of execution II.Investor base III.Reasons for the offering IV.Registration requirements
A. I, II, and IV
B. I and III
C. II and IV
D. II, III, and IV
Which of the following is an advantage of a centralized treasury function?
A. Policy setting is determined by local offices.
B. It optimizes risk and portfolio management.
C. It reduces subsidiary interaction.
D. Regional offices are responsible for disbursements.
What activity should the Treasurer be most interested in if core treasury functions were to be compared within the industry or cross-industry for the purpose of identifying "best practices"?
A. Re-engineering
B. Outsourcing
C. Benchmarking
D. Six Sigma
All treasury policies should be approved by:
A. external auditors.
B. the SEC.
C. legal counsel.
D. the board of directors.
Which of the following is one of the PRIMARY considerations when establishing treasury policies and procedures?
A. Compliance
B. Personnel management
C. Consequential damages
D. Cost avoidance
Treasury policies and procedures should outline roles and responsibilities for which of the following activities?
A. Monitoring compliance with trade payment terms
B. Initiating and approving internal and external transfers
C. Establishing and communicating a company's credit policies
D. Determining how much earnings are to be paid out in dividends
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