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14. Tlw ------

A    ^    "** ^CCnCCr< ^

B

jroeess

C

15

D. Ali of the aS^t

tn Baumol aodt) if meaaawo cos doubks than ihc optima! cash halancc

A. Increascsbydis B Incrcases by 141%

C. DKrcascsś 41S D Noocoftbeatoce

lt>. In MiUcr-Ott nxdri if trar^actwn cos doublcs than ihc optima] cash halancc:

A.    Dccrcases by 26%

B.    Incrcascsby 12b%

C.    Inarases by- 26%

D.    Nooc of tbe abowe

17. In thc cash nunageraec: nwJels managers choose bctwecn two assct typcs:

A.    Cash and Fncd Assess

B.    Cash and Trcasssy Boods

C.    Cash and The Pońfafio of Liąuid Financial Asscts D Cash and Near-Cash Asscts and Fixed Assess

18 In ooicr to assess tbe nnpact of invesancnt rn cash and near-cash asscts on frnn’$ valuc thc hurdk ratc (ie. tbe opponmity cos of Capital) sbould be:

A The cos of firm's dębi B Tbe cos of eqdt>

C.    Tbe wcigfaacd xven«c cos of Capital

D.    The ńak-fircc rsze

19. In cash mmasctnent mcdełs (bc*h Baurool and bfifler-Orr) thc avcnge cash halancc i* increasing wben:

A. TnnsacDcn cost is óccreaśng B Tbe tołatifity of cash fiows is deercasing C The dcmaad tbe cash xn specificd period is decteasing D lite opportuntfy cos is decreasng

Tcm s Place is c-tarendy cxpencncmg a had deht rotio of 4% Tcrry is cominced thnt. \'»th Uk>sĆt credit coooois. ifcis ratio wiU inerease to 8%; howevcr. she cxpccts »lcs to iocn»sc by 10% a* a rcsult The cos of goods sold is 80% of the sclling pricc. Per €100 of cuimtt salcs what is ccpecfted changę in opcrańng profit under thc proposcd credit Standcuds'

A -€I 1 -2 B *€S4 l C -€2 S D*€26

21. The folkming are crcdit-rełaied costs cxccpt:

A Cos of canrying B CoS of monitoring

C.    Fttced coss

D.    Bad deb«

21 In thc 5 C s of credit tbe “charactcr** anempts to mcasure:

A.    Curtomer*s finaodal standing

B.    CuSomer*s willingness to psy

C.    Cusomer'5 ability to p*y

D.    CuSomcr's vulncrabtlrt\ to changes in business condition