Reference no: EM132965639
1. The process of converting an amount given at the present time into a future value is called:
a. time value of money.
b. discounting.
c. dancing.
d. compounding.
2.An Excel workbook is made up of a number of:
a. workbooks
b. papers
c. worksheets
d. webpages
3.Compounding is the process by which interest earned on an investment is reinvested so that in future periods, interest is earned on the interest as well as the principal.
a. True
b. False
4.The higher the rate of interest, the more likely you will elect to invest your funds and forego current consumption.
a. True
b. False
5.The further in the future you receive a dollar, the more it is worth today.
a. True
b. False
6.Excel is a word processor?
a. True
b. False
7.The profit for a partnership must be distributed:
a. according to the workload contribution of each partner
b. equally among the partners
c. according to the partnership agreement
d. according to the capital contributions of each partner
8.Which of the following statements about companies is not true?
a. It is a separate tax-paying entity
b. It must be dissolved when a partner dies or retires
c. It can enter into contracts in its own name
d. It can sue and be sued
9.Which of the following statements about companies is not true?
a. It is a separate tax-paying entity
b. It must be dissolved when a partner dies or retires
c. It can enter into contracts in its own name
d. It can sue and be sued
10.A written partnership agreement should show:
a. the contribution of cash and other assets made by each partner
b. all of the options
c. arrangements on the retirement or death of a partner
d. profit and loss sharing ratios
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