Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key


Play button


Play button




Click to flip

5 Cards in this Set

  • Front
  • Back
In which of the following situations would there be inelastic demand?
A 5% price increase results in a 3% decrease in the quantity demanded.
A project should be accepted if the present value of cash flows from the project is
Greater than the initial investment
Standard deviation and expected return information for four investments selling for the same price is as follows:

Investment Std Dev Exp Return
A 25% 20%
B 20% 18%
C 12% 8%
D 10% 10%

What investment is the best choice in terms of the risk/return relationship?
Investment D

Std Dev 10% Exp Return 10%
Which of the following cash management techniques focuses on cash disbursements?
Zero-balance account
Each of the following is a method to evaluate internal controls based on the framework set by COSO, except:
Distinguishing economy risk from industry risk and enterprise risk.