A lockbox system is characterized by which of the following?

• A. A large number of cash deposits
• B. Relatively few collection points
• C. Limited or no deposit information reporting
• D. Processing of documentary collections

The issue of corporate governance in publicly traded companies arises from:

• A. the separation of shareholder ownership and management control.
• B. the secrecy surrounding the proceedings of board of directors meetings.
• C. the conflict between the interests of bond holders and equity holders.
• D. the inherent conflict of interest that exists when accounting firms are paid to provide audit services.

Buying a security with the intent of selling it prior to its maturity date to increase the return is an example of:

• A. active investment strategy.
• B. a diversification program.
• C. an interest rate future.
• D. matching investment strategy.

A treasurer has a critical acquisition for which a wire must be sent by a certain time or the acquisition will fall through. In the event the web portal through which wires are sent is down, the treasury staff is authorized to initiate and release wires by phone with the bank. Two weeks prior to the acquisition, the treasurer decides to make a wire payment by phone, even though the web portal is functioning. This is an example of which stage of developing a business continuity plan?

• A. Identifying mission-critical functions
• B. Performing periodic testing
• C. Selecting a business continuity team
• D. Creating a communication plan

USA Tires, LLC is a U.S. company that manufactures a high performance tire. It has $500 million in annual domestic sales. Customer A is located 50 miles from the USA Tires warehouse. Customer A orders 1,000 high performance tires per month at a price of $50 per tire. It has credit terms of 30 days. Customer B is located 40 miles from the USA Tires warehouse. Customer B orders 1,000 high performance tires per month at a price of $60 per tire. Customer B has credit terms of 20 days. Which legislation is being violated in the scenario?

• A. Glass-Steagall Act (1933)
• B. Robinson-Patman Act (1936)
• C. Fair Credit Billing Act (1975)
• D. Fair Debt Collection Practices Act (1978)