Borrowed funds that will be used for more than one year is called:
A) short-term financing.
B) trade credit.
C) equity capital.
D) long-term financing.
E) secured financing.
Question 2 - The hierarchy of human needs was developed by:
A) Maslow.
B) Taylor.
C) Hawthorne.
D) Mayo.
E) Herzberg.
Question 3 - All Star Sporting Goods seeks short-term financing to complete much-needed repairs on their retail store. All Star decides to offer up their inventory as collateral in return for a 20,000 from their bank. This is an example of:
A) trade credit.
B) a secured loan.
C) a promissory note.
D) equity financing.
E) factoring.
Question 4 - Which of the following is a component of Taylor's methods of scientific management?
A) Employee-of-the-month awards
B) Time-motion studies to optimize methods for completing a task
C) Giving employees management attention
D) Keeping employees happy and satisfied
E) Providing employees advancement opportunities
Question 5 - Lockheed Martin purchased raw materials to produce Black Hawk helicopters. Their payment term is 30 days. Lockheed has utilized:
A) commercial paper.
B) line of credit.
C) secured loans
D) trade credit.
E) factoring.
Question 6 - Taylor's methods of scientific management mainly addressed _____, whereas the Hawthorne studies uncovered the importance of _____.
A) productivity; lighting
B) lighting; productivity
C) employee motivation; productivity
D) productivity; employee motivation
E) productivity; piece-rate payments
Question 7 - As a way to cover their short-term financial needs, Smith & Welling CPAs have access to a fixed amount of funds from their bank. They can borrow money as needed. This is a:
A) trade credit.
B) line of credit.
C) promissory note.
D) equity financing.
E) commercial paper.
Question 8 - Based on the insights from the Hawthorne studies, the _____ movement was born.
A) human relations
B) piece-rate
C) social acceptance
D) worker loyalty
E) group dynamics
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