Free Access AFP.CTP.v2022-03-29.q351 Practice Test (Page 7)

Question 26

A telecommunications company receives a profit of $587,542 from its cellular phone production unit in the year after investing $962,870 in a new product line. What is the first year return on its original investment?

A.58%

B.61%

C.56%

D.64%

Question 27

An increasing number of multinational companies have adopted formal multilateral netting systems for which of the following reasons?

A.To improve check clearing times

B.To facilitate management of foreign exchange exposure

C.To eliminate duplicate payments to vendors

D.To standardize payment routes and banking channels

Question 28

Which of the following industries is MOST LIKELY to use a sophisticated cash concentration system with multiple banks as part of its cash management system?

A.Retail

B.Automotive

C.Telecommunications

D.Payroll service

Question 29

One of the PRIMARY ways the Fed addresses systemic risk is by:

A.setting minimum reserve requirements for its member banks.

B.establishing intra-day credit limits for ACH originators.

C.assigning passwords and PINs to identify authorized users of its Fedwire system.

D.setting daylight overdraft limits for its member banks.

Question 30

Each of the following statements is true of both defined benefit plans and defined contribution plans EXCEPT:

A.the Pension Protection Act of 2006 includes significant changes to the rules governing both types of plans.

B.both can be classified as overfunded or underfunded depending on the value of plan assets.

C.the treasurer is normally responsible for overseeing the performance of the plan fund managers.

D.both of the plans are typically structured as single-employer plans and maintained for employees.

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Question 26

Question 27

Question 28

Question 29

Question 30

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