1. Which of the following is not a financial market?
a. bond market
b. a market in which small business owners buy and sell their companies
c. stock market
d. All of these are financial markets
2. A financial market is:
a. a place where investors can buy and sell securities
b. the stock market
c. regulated by well-defined rules and regulations
d. All of the above
3. Which of the following does not cause accounting profit and cash flow to differ
a. depreciation
b. sales made on credit
c. payroll expense
d. inventory purchased, but not yet sold
4. Differences between net income and cash flow come from:
a. accounts receivable
b. depreciation
c. short term securities
d. a and b