A company that has a nationwide workforce may use which of the following methods for disbursing payroll to minimize the number of bank accounts?
I. Payable through draft
II. Multiple drawee checks
III. ACH credit transfers

• A.I only
• B.II and III only
• C.II only
• D.I and III only

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For days' sales outstanding to be a meaningful method for evaluating the effectiveness of a company's receivable collections, it is usually compared to the:

• A.overall level of past due receivables.
• B.bad debt reserve.
• C.stated credit terms.
• D.accounts receivable turnover ratio.

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Which of the following are interest-bearing instruments?
I) Certificates of deposit
II) Treasury bills
III) Treasury notes
IV) Banker's acceptances

• A.II, III, and IV only
• B.I, III, and IV only
• C.I and IV only
• D.I and III only

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I) Banker's acceptances
II) Commercial paper
III) U.S. Treasury bills
IV) Federal agency securities
Which of the following is the MOST usual ranking, from lowest to highest risk, of the investments listed above?

• A.I, III, IV, II
• B.III, IV, I, II
• C.IV, II, III, I
• D.IV, III, II, I

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An instrument that gives the right to buy a stated number of shares of common stock at a specified price is known as:

• A.a zero coupon bond
• B.a put option
• C.a subordinated debenture
• D.an equity warrant

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