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CTP Exam Questions Tutorials

Page: 48 / 81
Total 1076 questions

Certified Treasury Professional Questions and Answers

Question 189

Compared to a letter of credit, a documentary collection is:

Options:

A.

less costly and offers less protection.

B.

less costly and offers more protection.

C.

more costly and offers less protection.

D.

more costly and offers more protection.

Question 190

The Sarbanes-Oxley Act of 2002 requires that a public company’s financial statements be certified by the company’s:

Options:

A.

chief financial officer and corporate secretary.

B.

chief financial officer and corporate controller.

C.

chief financial officer and chief executive officer.

D.

chief financial officer and chief operating officer.

Question 191

A small group of investors is purchasing a company using a large amount of debt. This group is intending to sell off pieces of the acquired company to other firms that it believes can take advantage of potential synergies. What is this type of a transaction more specifically known as?

Options:

A.

A merger

B.

An acquisition

C.

A leveraged buyout

D.

An asset purchase

Question 192

What is the MOST appropriate definition of working capital?

Options:

A.

Current liabilities plus equity

B.

Current assets plus equity

C.

Current assets minus current liabilities

D.

Current assets minus fixed assets

Page: 48 / 81
Total 1076 questions