Comm 380 Mock exam Comprehensive Questions (Frequently Tested) with Verified Answers Graded A+

Comm 380 Mock exam
Comprehensive Questions
(Frequently Tested) with
Verified Answers Graded
A+
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1. information from the is used in

preparing the main types of financial statements used in financial

management Answer: general ledger

2. which of the following charts a firm's financial activities over a

set period of time? Answer: income statement

3. which of the following is true about cash flow? Answer: -managing cash

flows is diflcult

-cash flows determine the value of a broadcast statin or cable station

-increasing revenue while controlling expenses will increase cash flow

-lowering taxes will increase cash flow

4. a firms ability to convert assets into cash is its? Answer: liquidity

5. which of the following is not an example of an asset? Answer: accounts

payable

6. which of the following a telecom/media manager will NOT

consider when he/she formulates the firms financial goals? Answer: -state of

the economy (local, regional, national)

-technological change
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