1. Which of the following is a credit management decision?
A. Putting money into short-term investments
B. Putting money into an emergency fund
C. Purchasing a used car with cash
D. Obtaining a student loan to attend college or university
2. Opportunity cost represents
A. what you give up as a result of making a decision.
B. evaluating different alternatives for financial decisions.
C. short- versus long-term financial decisions.
D. the financial cost of any opportunity.
3. Which of the following is required in creating a cash flow statement?
A. Amounts used for expenses
B. The ideal emergency fund amount
C. Value of all liabilities
D. The values of all assets