IMANET IMANET-CMA Exam Questions & Answers

An organized network of intermediates that perform all the functions required to hnk producers with end customers is a

A. Mufti-level direct marketing channel.

B. Marketing path.

C. Marketing channel

D. Distribution logistics system.

An organization would usually offer credit terms of 2/101 net 30 when

A. The organization can borrow funds at a rate exceeding the annual interest cost.

B. The organization can borrow funds at a rate less than the annual interest cost.

C. The cost of capital approaches the prime rate.

D. Most competitors are offering the same terms, and the organization has a shortage of cash.

Arch, Inc. has 200,000 shares of common stock outstanding. Net income for the recently ended fiscal year was $500,000, and the Stock has a price- earnings ratio of eight. The board of directors has just declared a three-for-two stock split. For an investor who owns 100 shares of stock before the split, the approximate value (rounded to the nearest dollar) of the investment in Arch stock immediately after the split is

A. $250

B. $1,333

C. $2,000

D. $3,000