Free Access AFP.CTP.v2024-12-30.q219 Practice Test (Page 30)

Question 141

Which of the following would be the most efficient method of reducing the number of cross-border payments between two units of a company?

A.A re-invoicing center

B.A pooling system

C.A netting system

D.A multicurrency account

Question 142

All of the following are reasons to use a confirmed irrevocable letter of credit EXCEPT concern about:

A.foreign currency exposure.

B.the buyer's ability to pay.

C.the stability of the buyer's bank.

D.the ability to receive cross-border payments.

Question 143

Company A is a large public company with annual revenue of $1.2 billion and high fixed costs. Its stock is listed on the New York Stock Exchange. Company B is a mid-sized company with annual revenue of $100 million and low fixed costs. Its stock is listed on the NASDAQ. Which of the following statements is MOST LIKELY to be true when comparing Company A and Company B?

A.Company A has greater reporting requirements and more marketable stock than Company B.

B.Company A has greater reporting requirements and less marketable stock than Company

C.Company B has greater reporting requirements and less marketable stock than Company A.

D.Company B has greater reporting requirements and more marketable stock than Company A.

Question 144

Which scenario provides the BEST example of an agency problem?

A.A Treasurer accepts a free round of golf from a banker.

B.A CEO is close friends with a competitor's CEO.

C.An account manager approves a risky loan in order to meet a salary incentive.

D.A CFO hires an independent auditor to review the company's balance sheet.

Question 145

All of the following are discounted instruments EXCEPT:

A.banker's acceptance.

B.Treasury bills.

C.commercial paper.

D.preferred stock.

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Question 141

Question 142

Question 143

Question 144

Question 145

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