(Write only correct option , dont describe it)

1. The operating cycle begins with the ____ and ends with the ____.

   	a.	purchase of resources; selling of the product on credit
   	b.	payment for purchases; liquidation of receivables
   	c.	payment for purchases; receipt of cash
   	d.	purchase of resources; receipt of cash

1 points

QUESTION 2

1. The ____ theory of the yield curve takes into account the supply and demand interactions between buyers and lenders of securities.

   	a.	preferred habitat
   	b.	liquidity premium
   	c.	expectations
   	d.	market segmentation

1 points

QUESTION 3

1. All except which of the following are true of financial leases?

   	a.	All financial leases are also leveraged leases.
   	b.	Financial leases are noncancelable.
   	c.	The lessee is normally responsible for maintenance and insurance.
   	d.	Lease payments are normally sufficient to amortize the original cost of the asset.

1 points

QUESTION 4

1. Firms carry out share repurchase agreements in a number of ways, including all of the following EXCEPT they ____.

   	a.	buy from shareholders through a tender offer
   	b.	buy outstanding shares in the open market
   	c.	negotiate a purchase privately from large holders, particularly institutions
   	d.	buy treasury shares

1 points