The two main types of operating expenses are:

The major disadvantage of debt financing is the inability to deduct interest expenses for income tax purposes.

In finance, _____ is the potential for loss.

On a statement of cash flows for a pizza restaurant, the cash flows from investment activities section would include:

_____ are specific repayment conditions as to how long customers have to pay bills and the amount of cash discount allowed.

The most frequently used and the most flexible tool that the Federal Reserve has that it can use to change the economic environment is:

A brokerage firm is an example of a depository financial institution.

An accountant who has a bachelor’s degree, passes a test prepared by the professional organization AICPA, and has a certain number of years of on-the-job training becomes a:

In finance, the potential for loss is called probability.

Preferred stock is a form of debt financing because the dividend must be paid before dividends can be paid to the equity owners.