Which of the following is not one of the three major areas of finance?

A) Accounting
B) Investments and financial markets
C) Financial management of companies
D) The banking system

Assume that the total inventory on hand at the end of the year as determined by taking a physical inventory is $62,000. Of the $62,000, $8,000 has been sold FOB destination and is awaiting pickup by the carrier. What is the cost of inventory reported on the balance sheet?

A) $70,000
B) $62,000
C) $58,000
D) $54,000

Partners Ken and Macki each have a $40,000 capital balance and share income and losses in the ratio of 3:2. Cash equals $20,000, noncash assets equal $120,000, and liabilities equal $60,000. If the noncash assets are sold for $80,000, Macki's capital account will

A) decrease by $16,000
B) decrease by $24,000
C) increase by $24,000
D) decrease by $40,000

Which of the following has an independent clause and one or more subordinate thoughts?

A) A passive sentence
B) A simple sentence
C) A compound sentence
D) A complex sentence
E) A compound-complex sentence

Prerogative writs are the remedies available when a duty to act fairly has not been met.

Which among the following is NOT a reason for increasing the number of sales calls?

A) Increase of potential future sales
B) Increase of orders placed
C) Increase of product lines sold
D) Increase of cost of goods sold
E) Increase in servicing requirements