questions_actual_dev.json

[
  {
    "PKEY": 0,
    "CHAP_KEY": 0,
    "COURSE_KEY": 0,
    "TOPIC_KEY": 1,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Management organization and roles",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following functions should be the responsibility of the controller rather than the treasurer?",
    "Correct": "Processing cost reports",
    "Alt_1": "Depositing cash receipts",
    "Alt_2": "Analyzing equipment purchases",
    "Alt_3": "Approving credit for a customer",
    "Alt_4": "Paying a vendor",
    "Units": "",
    "Objective": "01-01 Define the basic types of financial management decisions and the role of the financial manager.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 1,
    "CHAP_KEY": 1,
    "COURSE_KEY": 1,
    "TOPIC_KEY": 2,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Management organization and roles",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "The treasurer of a corporation generally reports directly to the:",
    "Correct": "vice president of finance.",
    "Alt_1": "board of directors.",
    "Alt_2": "chairman of the board.",
    "Alt_3": "chief executive officer.",
    "Alt_4": "president.",
    "Units": "",
    "Objective": "01-01 Define the basic types of financial management decisions and the role of the financial manager.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 2,
    "CHAP_KEY": 2,
    "COURSE_KEY": 2,
    "TOPIC_KEY": 3,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Management organization and roles",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following correctly defines the upward chain of command in a typical corporate organizational structure?",
    "Correct": "The controller reports to the chief financial officer.",
    "Alt_1": "The vice president of finance reports to the chairman of the board.",
    "Alt_2": "The chief executive officer reports to the president.",
    "Alt_3": "The treasurer reports to the president.",
    "Alt_4": "The chief operations officer reports to the vice president of production.",
    "Units": "",
    "Objective": "01-01 Define the basic types of financial management decisions and the role of the financial manager.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 3,
    "CHAP_KEY": 3,
    "COURSE_KEY": 3,
    "TOPIC_KEY": 4,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Financial management decisions",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "An example of a capital budgeting decision is deciding:",
    "Correct": "whether or not to purchase a new machine for the production line.",
    "Alt_1": "how many shares of stock to issue.",
    "Alt_2": "how to refinance a debt issue that is maturing.",
    "Alt_3": "how much inventory to keep on hand.",
    "Alt_4": "how much money should be kept in the checking account.",
    "Units": "",
    "Objective": "01-01 Define the basic types of financial management decisions and the role of the financial manager.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 4,
    "CHAP_KEY": 4,
    "COURSE_KEY": 4,
    "TOPIC_KEY": 5,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Financial management decisions",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "When evaluating the timing of a project's projected cash flows, a financial manager is analyzing:",
    "Correct": "when each cash flow is expected to occur.",
    "Alt_1": "the amount of each expected cash flow.",
    "Alt_2": "only the start-up costs that are expected to require cash resources.",
    "Alt_3": "only the date of the final cash flow related to the project.",
    "Alt_4": "the amount by which cash receipts are expected to exceed cash outflows.",
    "Units": "",
    "Objective": "01-01 Define the basic types of financial management decisions and the role of the financial manager.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 5,
    "CHAP_KEY": 5,
    "COURSE_KEY": 5,
    "TOPIC_KEY": 6,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Financial management decisions",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Capital structure decisions include determining:",
    "Correct": "how much debt should be assumed to fund a project.",
    "Alt_1": "which one of two projects to accept.",
    "Alt_2": "how to allocate investment funds to multiple projects.",
    "Alt_3": "the amount of funds needed to finance customer purchases of a new product.",
    "Alt_4": "how much inventory will be needed to support a project.",
    "Units": "",
    "Objective": "01-01 Define the basic types of financial management decisions and the role of the financial manager.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 6,
    "CHAP_KEY": 6,
    "COURSE_KEY": 6,
    "TOPIC_KEY": 7,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Financial management decisions",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "The decision to issue additional shares of stock is an example of:",
    "Correct": "a capital structure decision.",
    "Alt_1": "working capital management.",
    "Alt_2": "a net working capital decision.",
    "Alt_3": "capital budgeting.",
    "Alt_4": "a controller's duties.",
    "Units": "",
    "Objective": "01-01 Define the basic types of financial management decisions and the role of the financial manager.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 7,
    "CHAP_KEY": 7,
    "COURSE_KEY": 7,
    "TOPIC_KEY": 8,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Financial management decisions",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following questions is a working capital management decision?",
    "Correct": "How much inventory should be on hand for immediate sale?",
    "Alt_1": "Should the company issue new shares of stock or borrow money?",
    "Alt_2": "Should the company update or replace its older equipment?",
    "Alt_3": "Should the company close one of its current stores?",
    "Alt_4": "How much should the company borrow to buy a new building?",
    "Units": "",
    "Objective": "01-01 Define the basic types of financial management decisions and the role of the financial manager.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 8,
    "CHAP_KEY": 8,
    "COURSE_KEY": 8,
    "TOPIC_KEY": 9,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Financial management decisions",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following is a working capital management decision?",
    "Correct": "Should the firm pay cash for a purchase or use the credit offered by the supplier?",
    "Alt_1": "What type(s) of equipment is (are) needed to complete a current project?",
    "Alt_2": "What amount of long-term debt is required to complete a project?",
    "Alt_3": "How many shares of stock should the firm issue to fund an acquisition?",
    "Alt_4": "Should a project should be accepted?",
    "Units": "",
    "Objective": "01-01 Define the basic types of financial management decisions and the role of the financial manager.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 9,
    "CHAP_KEY": 9,
    "COURSE_KEY": 9,
    "TOPIC_KEY": 10,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Financial management decisions",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Working capital management decisions include determining:",
    "Correct": "the minimum level of cash to be kept in a checking account.",
    "Alt_1": "the best method of producing a product.",
    "Alt_2": "the number of employees needed to work during a particular shift.",
    "Alt_3": "when to replace obsolete equipment.",
    "Alt_4": "if a competitor should be acquired.",
    "Units": "",
    "Objective": "01-01 Define the basic types of financial management decisions and the role of the financial manager.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 10,
    "CHAP_KEY": 10,
    "COURSE_KEY": 10,
    "TOPIC_KEY": 11,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Financial management decisions",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following terms is defined as the management of a firm's long-term investments?",
    "Correct": "Capital budgeting",
    "Alt_1": "Working capital management",
    "Alt_2": "Financial allocation",
    "Alt_3": "Agency cost analysis",
    "Alt_4": "Capital structure",
    "Units": "",
    "Objective": "01-01 Define the basic types of financial management decisions and the role of the financial manager.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 11,
    "CHAP_KEY": 11,
    "COURSE_KEY": 11,
    "TOPIC_KEY": 12,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Financial management decisions",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following terms is defined as the mixture of a firm's debt and equity financing?",
    "Correct": "Capital structure",
    "Alt_1": "Working capital management",
    "Alt_2": "Cash management",
    "Alt_3": "Cost analysis",
    "Alt_4": "Capital budgeting",
    "Units": "",
    "Objective": "01-01 Define the basic types of financial management decisions and the role of the financial manager.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 12,
    "CHAP_KEY": 12,
    "COURSE_KEY": 12,
    "TOPIC_KEY": 13,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Financial management decisions",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "A firm's short-term assets and its short-term liabilities are referred to as the firm's:",
    "Correct": "working capital.",
    "Alt_1": "debt.",
    "Alt_2": "investment capital.",
    "Alt_3": "net capital.",
    "Alt_4": "capital structure.",
    "Units": "",
    "Objective": "01-01 Define the basic types of financial management decisions and the role of the financial manager.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 13,
    "CHAP_KEY": 13,
    "COURSE_KEY": 13,
    "TOPIC_KEY": 14,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Financial management decisions",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following questions is least likely to be addressed by financial managers?",
    "Correct": "How should a product be marketed?",
    "Alt_1": "Should customers be given 30 or 45 days to pay for their credit purchases?",
    "Alt_2": "Should the firm borrow more money?",
    "Alt_3": "Should the firm acquire new equipment?",
    "Alt_4": "How much cash should the firm keep on hand?",
    "Units": "",
    "Objective": "01-01 Define the basic types of financial management decisions and the role of the financial manager.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 14,
    "CHAP_KEY": 14,
    "COURSE_KEY": 14,
    "TOPIC_KEY": 15,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Forms of business organization",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "A business owned by a solitary individual who has unlimited liability for the firm's debt is called a:",
    "Correct": "sole proprietorship.",
    "Alt_1": "corporation.",
    "Alt_2": "general partnership.",
    "Alt_3": "limited partnership.",
    "Alt_4": "limited liability company.",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 15,
    "CHAP_KEY": 15,
    "COURSE_KEY": 15,
    "TOPIC_KEY": 16,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Forms of business organization",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "A business formed by two or more individuals who each have unlimited liability for all of the firm's business debts is called a:",
    "Correct": "general partnership.",
    "Alt_1": "corporation.",
    "Alt_2": "sole proprietorship.",
    "Alt_3": "limited partnership.",
    "Alt_4": "limited liability company.",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 16,
    "CHAP_KEY": 16,
    "COURSE_KEY": 16,
    "TOPIC_KEY": 17,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Forms of business organization",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "A business partner whose potential financial loss in the partnership will not exceed his or her investment in that partnership is called a:",
    "Correct": "limited partner.",
    "Alt_1": "general partner.",
    "Alt_2": "sole proprietor.",
    "Alt_3": "corporate shareholder.",
    "Alt_4": "zero partner.",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 17,
    "CHAP_KEY": 17,
    "COURSE_KEY": 17,
    "TOPIC_KEY": 18,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Forms of business organization",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "A business created as a distinct legal entity and treated as a legal \"person\" is called a(n):",
    "Correct": "corporation.",
    "Alt_1": "sole proprietorship.",
    "Alt_2": "general partnership.",
    "Alt_3": "limited partnership.",
    "Alt_4": "unlimited liability company.",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 18,
    "CHAP_KEY": 18,
    "COURSE_KEY": 18,
    "TOPIC_KEY": 19,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Forms of business organization",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following statements concerning a sole proprietorship is correct?",
    "Correct": "The owner of a sole proprietorship is personally responsible for all of the company's debts.",
    "Alt_1": "A sole proprietorship is designed to protect the personal assets of the owner.",
    "Alt_2": "The profits of a sole proprietorship are subject to double taxation.",
    "Alt_3": "There are very few sole proprietorships remaining in the U.S. today.",
    "Alt_4": "A sole proprietorship is structured the same as a limited liability company.",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 19,
    "CHAP_KEY": 19,
    "COURSE_KEY": 19,
    "TOPIC_KEY": 20,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Forms of business organization",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following statements concerning a sole proprietorship is correct?",
    "Correct": "The life of a sole proprietorship is limited.",
    "Alt_1": "A sole proprietor can generally raise large sums of capital quite easily.",
    "Alt_2": "Transferring ownership of a sole proprietorship is easier than transferring ownership of a corporation.",
    "Alt_3": "A sole proprietorship is taxed the same as a C corporation.",
    "Alt_4": "A sole proprietorship is the most regulated form of organization.",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 20,
    "CHAP_KEY": 20,
    "COURSE_KEY": 20,
    "TOPIC_KEY": 21,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Forms of business organization",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which of the following individuals have unlimited liability for a firm's debts based on their ownership interest?",
    "Correct": "Both general partners and sole proprietors",
    "Alt_1": "Only general partners",
    "Alt_2": "Only sole proprietors",
    "Alt_3": "All stockholders",
    "Alt_4": "Both limited and general partners",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 21,
    "CHAP_KEY": 21,
    "COURSE_KEY": 21,
    "TOPIC_KEY": 22,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Forms of business organization",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "The primary advantage of being a limited partner is:",
    "Correct": "the partner's maximum loss is limited to their capital investment.",
    "Alt_1": "the receipt of tax-free income.",
    "Alt_2": "the partner's active participation in the firm's activities.",
    "Alt_3": "the lack of any potential financial loss.",
    "Alt_4": "the daily control over the business affairs of the partnership.",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 22,
    "CHAP_KEY": 22,
    "COURSE_KEY": 22,
    "TOPIC_KEY": 23,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Forms of business organization",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "A general partner:",
    "Correct": "is personally responsible for all partnership debts.",
    "Alt_1": "has no say over a firm's daily operations.",
    "Alt_2": "faces double taxation whereas a limited partner does not.",
    "Alt_3": "has a maximum loss equal to his or her equity investment.",
    "Alt_4": "receives a salary in lieu of a portion of the profits.",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 23,
    "CHAP_KEY": 23,
    "COURSE_KEY": 23,
    "TOPIC_KEY": 24,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Forms of business organization",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "A limited partnership:",
    "Correct": "has at least one partner who has unlimited liability for all of the partnership's debts.",
    "Alt_1": "has an unlimited life.",
    "Alt_2": "can opt to be taxed as a corporation.",
    "Alt_3": "terminates at the death of any one limited partner.",
    "Alt_4": "consists solely of limited partners.",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 24,
    "CHAP_KEY": 24,
    "COURSE_KEY": 24,
    "TOPIC_KEY": 25,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Forms of business organization",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "A partnership with four general partners:",
    "Correct": "must distribute 25 percent of the profits to each partner.",
    "Alt_1": "distributes profits based on percentage of ownership.",
    "Alt_2": "has an unlimited partnership life.",
    "Alt_3": "limits the active involvement in the firm to a single partner.",
    "Alt_4": "limits each partner's personal liability to 25 percent of the partnership's total debt.",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 25,
    "CHAP_KEY": 25,
    "COURSE_KEY": 25,
    "TOPIC_KEY": 26,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Forms of business organization",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "One disadvantage of the corporate form of business ownership is the:",
    "Correct": "double taxation of distributed profits.",
    "Alt_1": "limited liability of its shareholders for the firm's debts.",
    "Alt_2": "firm's greater ability to raise capital than other forms of ownership.",
    "Alt_3": "firm's potential for an unlimited life.",
    "Alt_4": "firm's ability to issue additional shares of stock.",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 26,
    "CHAP_KEY": 26,
    "COURSE_KEY": 26,
    "TOPIC_KEY": 27,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Forms of business organization",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following statements is correct?",
    "Correct": "Corporations can have an unlimited life.",
    "Alt_1": "The majority of firms in the U.S. are structured as corporations.",
    "Alt_2": "Corporate profits are taxable income to the shareholders when earned.",
    "Alt_3": "Shareholders are protected from all potential losses.",
    "Alt_4": "Shareholders directly elect the corporate president.",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 27,
    "CHAP_KEY": 27,
    "COURSE_KEY": 27,
    "TOPIC_KEY": 28,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Forms of business organization",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following statements is correct?",
    "Correct": "Income from both sole proprietorships and partnerships that is taxable is treated as individual income.",
    "Alt_1": "A general partnership is legally the same as a corporation.",
    "Alt_2": "Partnerships are the most complicated type of business to form.",
    "Alt_3": "All business organizations have bylaws.",
    "Alt_4": "Only firms organized as sole proprietorships have limited lives.",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 28,
    "CHAP_KEY": 28,
    "COURSE_KEY": 28,
    "TOPIC_KEY": 29,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Forms of business organization",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "The articles of incorporation:",
    "Correct": "describe the purpose of the firm and set forth the number of shares of stock that can be issued.",
    "Alt_1": "are amended periodically especially prior to corporate elections.",
    "Alt_2": "explain how corporate directors are to be elected and the length of their terms.",
    "Alt_3": "sets forth the procedures by which a firm regulates itself.",
    "Alt_4": "include only the corporation's name and intended life.",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 29,
    "CHAP_KEY": 29,
    "COURSE_KEY": 29,
    "TOPIC_KEY": 30,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Forms of business organization",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Corporate bylaws:",
    "Correct": "determine how a corporation regulates itself.",
    "Alt_1": "must be amended should a firm decide to increase the number of shares authorized.",
    "Alt_2": "cannot be amended once adopted.",
    "Alt_3": "define the name by which the firm will operate.",
    "Alt_4": "describe the intended life and purpose of the organization.",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 30,
    "CHAP_KEY": 30,
    "COURSE_KEY": 30,
    "TOPIC_KEY": 31,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Forms of business organization",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "A limited liability company:",
    "Correct": "is taxed similar to a partnership.",
    "Alt_1": "can only have a single owner.",
    "Alt_2": "is comprised of limited partners only.",
    "Alt_3": "is taxed similar to a C corporation.",
    "Alt_4": "generates totally tax-free income.",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 31,
    "CHAP_KEY": 31,
    "COURSE_KEY": 31,
    "TOPIC_KEY": 32,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Forms of business organization",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which business form is best suited to raising large amounts of capital?",
    "Correct": "Corporation",
    "Alt_1": "Sole proprietorship",
    "Alt_2": "Limited liability company",
    "Alt_3": "General partnership",
    "Alt_4": "Limited partnership",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 32,
    "CHAP_KEY": 32,
    "COURSE_KEY": 32,
    "TOPIC_KEY": 33,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Forms of business organization",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "A ________ has all the respective rights and privileges of a legal person.",
    "Correct": "corporation",
    "Alt_1": "sole proprietorship",
    "Alt_2": "general partnership",
    "Alt_3": "limited partnership",
    "Alt_4": "limited liability company",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 33,
    "CHAP_KEY": 33,
    "COURSE_KEY": 33,
    "TOPIC_KEY": 34,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Forms of business organization",
    "Type": "SA",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{name1}, {name2}, and {name3} want to start a small U.S. business. Juan will fund the venture but wants to limit his liability to his initial investment and has no interest in the daily operations. {name1} will contribute his full efforts on a daily basis but has limited funds to invest in the business. {name2} will be involved as an active consultant and manager and will also contribute funds. {name1} and {name2} are willing to accept liability for the firm's debts as they feel they have nothing to lose by doing so. All three individuals will share in the firm's profits and wish to keep the initial organizational costs of the business to a minimum. Which form of business entity should these individuals adopt?",
    "Correct": "Limited partnership",
    "Alt_1": "Sole proprietorship",
    "Alt_2": "Joint stock company",
    "Alt_3": "General partnership",
    "Alt_4": "Corporation",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Apply",
    "Accreditation": "AACSB",
    "Taxonomy": "Knowledge Application",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 34,
    "CHAP_KEY": 34,
    "COURSE_KEY": 34,
    "TOPIC_KEY": 35,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Forms of business organization",
    "Type": "SA",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{name1} and {name2} are equal general partners in a business. They are content with their current management and tax situation but are uncomfortable with their unlimited liability. Which form of business entity should they consider as a replacement to their current arrangement assuming they wish to remain the only two owners of the business?",
    "Correct": "Limited liability company",
    "Alt_1": "Sole proprietorship",
    "Alt_2": "Joint stock company",
    "Alt_3": "Limited partnership",
    "Alt_4": "Corporation",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Apply",
    "Accreditation": "AACSB",
    "Taxonomy": "Knowledge Application",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 35,
    "CHAP_KEY": 35,
    "COURSE_KEY": 35,
    "TOPIC_KEY": 36,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Forms of business organization",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "The growth of both sole proprietorships and partnerships is frequently limited by the firm's:",
    "Correct": "inability to raise cash.",
    "Alt_1": "double taxation.",
    "Alt_2": "bylaws.",
    "Alt_3": "limited liability.",
    "Alt_4": "agency problems.",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 36,
    "CHAP_KEY": 36,
    "COURSE_KEY": 36,
    "TOPIC_KEY": 37,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Forms of business organization",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Corporate dividends are:",
    "Correct": "taxable income of the recipient even though that income was previously taxed.",
    "Alt_1": "tax-free because the income is taxed at the personal level when earned by the firm.",
    "Alt_2": "tax-free because they are distributions of aftertax income.",
    "Alt_3": "tax-free since the corporation pays tax on that income when it is earned.",
    "Alt_4": "taxed at both the corporate and the personal level when the dividends are paid to shareholders.",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 37,
    "CHAP_KEY": 37,
    "COURSE_KEY": 37,
    "TOPIC_KEY": 38,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Goal of financial management",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Financial managers should primarily focus on the interests of:",
    "Correct": "shareholders.",
    "Alt_1": "stakeholders.",
    "Alt_2": "the vice president of finance.",
    "Alt_3": "their immediate supervisor.",
    "Alt_4": "the board of directors.",
    "Units": "",
    "Objective": "01-02 Explain the goal of financial management.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 38,
    "CHAP_KEY": 38,
    "COURSE_KEY": 38,
    "TOPIC_KEY": 39,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Goal of financial management",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following best states the primary goal of financial management?",
    "Correct": "Maximize the current value per share",
    "Alt_1": "Maximize current dividends per share",
    "Alt_2": "Increase cash flow and avoid financial distress",
    "Alt_3": "Minimize operational costs while maximizing firm efficiency",
    "Alt_4": "Maintain steady growth while increasing current profits",
    "Units": "",
    "Objective": "01-02 Explain the goal of financial management.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 39,
    "CHAP_KEY": 39,
    "COURSE_KEY": 39,
    "TOPIC_KEY": 40,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Goal of financial management",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following best illustrates that the management of a firm is adhering to the goal of financial management?",
    "Correct": "An increase in the market value per share",
    "Alt_1": "An increase in the amount of the quarterly dividend",
    "Alt_2": "A decrease in the per unit production costs",
    "Alt_3": "An increase in the number of shares outstanding",
    "Alt_4": "A decrease in the net working capital",
    "Units": "",
    "Objective": "01-02 Explain the goal of financial management.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 40,
    "CHAP_KEY": 40,
    "COURSE_KEY": 40,
    "TOPIC_KEY": 41,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Goal of financial management",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Financial managers should strive to maximize the current value per share of the existing stock to:",
    "Correct": "best represent the interests of the current shareholders.",
    "Alt_1": "guarantee the company will grow in size at the maximum possible rate.",
    "Alt_2": "increase employee salaries.",
    "Alt_3": "increase the current dividends per share.",
    "Alt_4": "provide managers with shares of stock as part of their compensation.",
    "Units": "",
    "Objective": "01-02 Explain the goal of financial management.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 41,
    "CHAP_KEY": 41,
    "COURSE_KEY": 41,
    "TOPIC_KEY": 42,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Goal of financial management",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Decisions made by financial managers should primarily focus on increasing the:",
    "Correct": "market value per share of outstanding stock.",
    "Alt_1": "size of the firm.",
    "Alt_2": "growth rate of the firm.",
    "Alt_3": "gross profit per unit produced.",
    "Alt_4": "total sales.",
    "Units": "",
    "Objective": "01-02 Explain the goal of financial management.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 42,
    "CHAP_KEY": 42,
    "COURSE_KEY": 42,
    "TOPIC_KEY": 43,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Ethics, governance, and regulation",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "The Sarbanes-Oxley Act of 2002 is a governmental response to:",
    "Correct": "management greed and abuses.",
    "Alt_1": "decreasing corporate profits.",
    "Alt_2": "the terrorist attacks on 9/11/2001.",
    "Alt_3": "a weakening economy.",
    "Alt_4": "deregulation of the stock exchanges.",
    "Units": "",
    "Objective": "01-04 Explain the conflicts of interest that can arise between managers and owners.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 43,
    "CHAP_KEY": 43,
    "COURSE_KEY": 43,
    "TOPIC_KEY": 44,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Ethics, governance, and regulation",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following is an unintended result of the Sarbanes-Oxley Act?",
    "Correct": "Corporations delisting from major exchanges",
    "Alt_1": "More detailed and accurate financial reporting",
    "Alt_2": "Increased management awareness of internal controls",
    "Alt_3": "Increased responsibility for corporate officers",
    "Alt_4": "Identification of internal control weaknesses",
    "Units": "",
    "Objective": "01-04 Explain the conflicts of interest that can arise between managers and owners.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 44,
    "CHAP_KEY": 44,
    "COURSE_KEY": 44,
    "TOPIC_KEY": 45,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Ethics, governance, and regulation",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "A firm which opts to \"go dark\" in response to the Sarbanes-Oxley Act:",
    "Correct": "can provide less information to its shareholders than it did prior to \"going dark\".",
    "Alt_1": "must continue to provide audited financial statements to the public.",
    "Alt_2": "must continue to provide a detailed list of internal control deficiencies on an annual basis.",
    "Alt_3": "can continue publicly trading its stock but only on the exchange on which it was previously listed.",
    "Alt_4": "ceases to exist.",
    "Units": "",
    "Objective": "01-04 Explain the conflicts of interest that can arise between managers and owners.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 45,
    "CHAP_KEY": 45,
    "COURSE_KEY": 45,
    "TOPIC_KEY": 46,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Ethics, governance, and regulation",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "The Sarbanes-Oxley Act of 2002 holds a public company's ________ responsible for the accuracy of the company's financial statements.",
    "Correct": "managers",
    "Alt_1": "internal auditors",
    "Alt_2": "external legal counsel",
    "Alt_3": "internal legal counsel",
    "Alt_4": "Securities and Exchange Commission agent",
    "Units": "",
    "Objective": "01-04 Explain the conflicts of interest that can arise between managers and owners.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 46,
    "CHAP_KEY": 46,
    "COURSE_KEY": 46,
    "TOPIC_KEY": 47,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Agency costs and problems",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following actions by a financial manager is most apt to create an agency problem?",
    "Correct": "Increasing current profits when doing so lowers the value of the company's equity",
    "Alt_1": "Refusing to borrow money when doing so will create losses for the firm",
    "Alt_2": "Refusing to lower selling prices if doing so will reduce the net profits",
    "Alt_3": "Refusing to expand the company if doing so will lower the value of the equity",
    "Alt_4": "Agreeing to pay bonuses based on the market value of the company's stock rather than on its level of sales",
    "Units": "",
    "Objective": "01-04 Explain the conflicts of interest that can arise between managers and owners.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 47,
    "CHAP_KEY": 47,
    "COURSE_KEY": 47,
    "TOPIC_KEY": 48,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Agency costs and problems",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following is least apt to help convince managers to work in the best interest of the stockholders? Assume there are no golden parachutes.",
    "Correct": "Increasing managers' base salaries",
    "Alt_1": "Compensation based on the value of the stock",
    "Alt_2": "Stock option plans",
    "Alt_3": "Threat of a company takeover",
    "Alt_4": "Threat of a proxy fight",
    "Units": "",
    "Objective": "01-04 Explain the conflicts of interest that can arise between managers and owners.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 48,
    "CHAP_KEY": 48,
    "COURSE_KEY": 48,
    "TOPIC_KEY": 49,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Agency costs and problems",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Agency problems are most associated with:",
    "Correct": "corporations.",
    "Alt_1": "sole proprietorships.",
    "Alt_2": "general partnerships.",
    "Alt_3": "limited partnerships.",
    "Alt_4": "limited liability companies.",
    "Units": "",
    "Objective": "01-04 Explain the conflicts of interest that can arise between managers and owners.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 49,
    "CHAP_KEY": 49,
    "COURSE_KEY": 49,
    "TOPIC_KEY": 50,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Agency costs and problems",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following is an agency cost?",
    "Correct": "Hiring outside accountants to audit the company's financial statements",
    "Alt_1": "Accepting an investment opportunity that will add value to the firm",
    "Alt_2": "Increasing the quarterly dividend",
    "Alt_3": "Investing in a new project that creates firm value",
    "Alt_4": "Closing a division of the firm that is operating at a loss",
    "Units": "",
    "Objective": "01-04 Explain the conflicts of interest that can arise between managers and owners.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 50,
    "CHAP_KEY": 50,
    "COURSE_KEY": 50,
    "TOPIC_KEY": 51,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Shareholder voting",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following is a means by which shareholders can replace company management?",
    "Correct": "Proxy fight",
    "Alt_1": "Stock options",
    "Alt_2": "Promotion",
    "Alt_3": "Sarbanes-Oxley Act",
    "Alt_4": "Agency play",
    "Units": "",
    "Objective": "01-04 Explain the conflicts of interest that can arise between managers and owners.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 51,
    "CHAP_KEY": 51,
    "COURSE_KEY": 51,
    "TOPIC_KEY": 52,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Shareholder voting",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following grants an individual the right to vote on behalf of a shareholder?",
    "Correct": "Proxy",
    "Alt_1": "By-laws",
    "Alt_2": "Indenture agreement",
    "Alt_3": "Stock option",
    "Alt_4": "Stock audit",
    "Units": "",
    "Objective": "01-04 Explain the conflicts of interest that can arise between managers and owners.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 52,
    "CHAP_KEY": 52,
    "COURSE_KEY": 52,
    "TOPIC_KEY": 53,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Shareholder voting",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following parties has ultimate control of a corporation?",
    "Correct": "Shareholders",
    "Alt_1": "Chairman of the board",
    "Alt_2": "Board of directors",
    "Alt_3": "Chief executive officer",
    "Alt_4": "Chief operating officer",
    "Units": "",
    "Objective": "01-04 Explain the conflicts of interest that can arise between managers and owners.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 53,
    "CHAP_KEY": 53,
    "COURSE_KEY": 53,
    "TOPIC_KEY": 54,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Introduction to corporate finance",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which of the following parties are considered stakeholders of a firm?",
    "Correct": "Employees and the government",
    "Alt_1": "Long-term creditors",
    "Alt_2": "Government and common stockholders",
    "Alt_3": "Common stockholders",
    "Alt_4": "Long-term creditors and common stockholders",
    "Units": "",
    "Objective": "01-04 Explain the conflicts of interest that can arise between managers and owners.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 54,
    "CHAP_KEY": 54,
    "COURSE_KEY": 54,
    "TOPIC_KEY": 55,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Cash flows",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following represents a cash outflow from a corporation?",
    "Correct": "Payment of dividends",
    "Alt_1": "Issuance of new securities",
    "Alt_2": "New loan proceeds",
    "Alt_3": "Receipt of tax refund",
    "Alt_4": "Initial sale of common stock",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 55,
    "CHAP_KEY": 55,
    "COURSE_KEY": 55,
    "TOPIC_KEY": 56,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Cash flows",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following is a cash flow from a corporation into the financial markets?",
    "Correct": "Payment of loan interest",
    "Alt_1": "Borrowing of long-term debt",
    "Alt_2": "Payment of government taxes",
    "Alt_3": "Issuance of corporate debt",
    "Alt_4": "Sale of common stock",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 56,
    "CHAP_KEY": 56,
    "COURSE_KEY": 56,
    "TOPIC_KEY": 57,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Primary and secondary markets",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following is a primary market transaction?",
    "Correct": "Sale of a new share of stock to an individual investor",
    "Alt_1": "Sale of currently outstanding stock by a dealer to an individual investor",
    "Alt_2": "Stock ownership transfer from one shareholder to another shareholder",
    "Alt_3": "Gift of stock from one shareholder to another shareholder",
    "Alt_4": "Gift of stock by a shareholder to a family member",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 57,
    "CHAP_KEY": 57,
    "COURSE_KEY": 57,
    "TOPIC_KEY": 58,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Primary and secondary markets",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Shareholder A sold 500 shares of ABC stock on the New York Stock Exchange. This transaction:",
    "Correct": "was facilitated in the secondary market.",
    "Alt_1": "took place in the primary market.",
    "Alt_2": "occurred in a dealer market.",
    "Alt_3": "involved a proxy.",
    "Alt_4": "was a private placement.",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 58,
    "CHAP_KEY": 58,
    "COURSE_KEY": 58,
    "TOPIC_KEY": 59,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Basics of issuing securities",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Public offerings of debt and equity must be registered with the:",
    "Correct": "Securities and Exchange Commission.",
    "Alt_1": "New York Board of Governors.",
    "Alt_2": "Federal Reserve.",
    "Alt_3": "NYSE Registration Office.",
    "Alt_4": "Market Dealers Exchange.",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 59,
    "CHAP_KEY": 59,
    "COURSE_KEY": 59,
    "TOPIC_KEY": 60,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Basics of issuing securities",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following statements is generally correct?",
    "Correct": "Auction markets match buy and sell orders.",
    "Alt_1": "Private placements must be registered with the SEC.",
    "Alt_2": "All secondary markets are auction markets.",
    "Alt_3": "Dealer markets have a physical trading floor.",
    "Alt_4": "Dealers arrange trades but never own the securities traded.",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 60,
    "CHAP_KEY": 60,
    "COURSE_KEY": 60,
    "TOPIC_KEY": 61,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Stock exchanges and markets",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following statements concerning stock exchanges is correct?",
    "Correct": "Some large companies are listed on NASDAQ.",
    "Alt_1": "NASDAQ is a broker market.",
    "Alt_2": "The NYSE is a dealer market.",
    "Alt_3": "The exchange with the strictest listing requirements is NASDAQ.",
    "Alt_4": "Most debt securities are traded on the NYSE.",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 61,
    "CHAP_KEY": 61,
    "COURSE_KEY": 61,
    "TOPIC_KEY": 62,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Stock exchanges and markets",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Shareholder A sold shares of {company1} stock to Shareholder B. The stock is listed on the NYSE. This trade occurred in which one of the following?",
    "Correct": "Secondary, auction market",
    "Alt_1": "Primary, dealer market",
    "Alt_2": "Secondary, dealer market",
    "Alt_3": "Primary, auction market",
    "Alt_4": "Secondary, OTC market",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 62,
    "CHAP_KEY": 62,
    "COURSE_KEY": 62,
    "TOPIC_KEY": 63,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 1,
    "Chapter_Name": "Intro",
    "Topic": "Stock exchanges and markets",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following statements is correct concerning the NYSE?",
    "Correct": "The listing requirements for the NYSE are more stringent than those of NASDAQ.",
    "Alt_1": "The publicly traded shares of a NYSE-listed firm must be worth at least $250 million.",
    "Alt_2": "The NYSE is the largest dealer market for listed securities in the United States.",
    "Alt_3": "Any corporation desiring to be listed on the NYSE can do so for a fee.",
    "Alt_4": "The NYSE is an OTC market functioning as both a primary and a secondary market.",
    "Units": "",
    "Objective": "01-03 Articulate the financial implications of the different forms of business organization.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 63,
    "CHAP_KEY": 0,
    "COURSE_KEY": 63,
    "TOPIC_KEY": 1,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Balance sheet",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following is classified as a tangible fixed asset?",
    "Correct": "Production equipment",
    "Alt_1": "Accounts receivable",
    "Alt_2": "Cash",
    "Alt_3": "Patent",
    "Alt_4": "Inventory",
    "Units": "",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 64,
    "CHAP_KEY": 1,
    "COURSE_KEY": 64,
    "TOPIC_KEY": 2,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Balance sheet",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following is a current asset?",
    "Correct": "Accounts receivable",
    "Alt_1": "Accounts payable",
    "Alt_2": "Trademark",
    "Alt_3": "Notes payable",
    "Alt_4": "Equipment",
    "Units": "",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 65,
    "CHAP_KEY": 2,
    "COURSE_KEY": 65,
    "TOPIC_KEY": 3,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Market and book values",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following is included in a firm's market value but yet is excluded from the firm's accounting value?",
    "Correct": "Good reputation of the company",
    "Alt_1": "Real estate investment",
    "Alt_2": "Equipment owned by the firm",
    "Alt_3": "Money due from a customer",
    "Alt_4": "An item held by the firm for future sale",
    "Units": "",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 66,
    "CHAP_KEY": 3,
    "COURSE_KEY": 66,
    "TOPIC_KEY": 4,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Balance sheet",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following is a current liability?",
    "Correct": "Account payable to a supplier that is due next week",
    "Alt_1": "Note payable to a supplier in 13 months",
    "Alt_2": "Amount due from a customer in two weeks",
    "Alt_3": "Loan payable to the bank in 18 months",
    "Alt_4": "Amount due from a customer that is past due",
    "Units": "",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 67,
    "CHAP_KEY": 4,
    "COURSE_KEY": 67,
    "TOPIC_KEY": 5,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Net working capital",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following will decrease the value of a firm's net working capital?",
    "Correct": "Selling inventory at a loss",
    "Alt_1": "Using cash to pay a supplier",
    "Alt_2": "Depreciating an asset",
    "Alt_3": "Collecting an accounts receivable",
    "Alt_4": "Purchasing inventory on credit",
    "Units": "",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 68,
    "CHAP_KEY": 5,
    "COURSE_KEY": 68,
    "TOPIC_KEY": 6,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Net working capital",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following statements concerning net working capital is correct?",
    "Correct": "Net working capital may be a negative value.",
    "Alt_1": "Net working capital increases when inventory is purchased with cash.",
    "Alt_2": "Net working capital excludes inventory.",
    "Alt_3": "Total assets must increase if net working capital increases.",
    "Alt_4": "Net working capital is the amount of cash a firm currently has available for spending.",
    "Units": "",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 69,
    "CHAP_KEY": 6,
    "COURSE_KEY": 69,
    "TOPIC_KEY": 7,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Net working capital",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following statements concerning net working capital is correct?",
    "Correct": "Net working capital increases when inventory is sold for cash at a profit.",
    "Alt_1": "A firm's ability to meet its current obligations increases as the firm's net working capital decreases.",
    "Alt_2": "An increase in net working capital must also increase current assets.",
    "Alt_3": "Firms with equal amounts of net working capital are also equally liquid.",
    "Alt_4": "Net working capital is a part of the operating cash flow.",
    "Units": "",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 70,
    "CHAP_KEY": 7,
    "COURSE_KEY": 70,
    "TOPIC_KEY": 7,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Net working capital",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following statements concerning net working capital is correct?",
    "Correct": "Net working capital increases when inventory is sold for cash at a profit.",
    "Alt_1": "A firm's ability to meet its current obligations increases as the firm's net working capital decreases.",
    "Alt_2": "An increase in net working capital must also increase current assets.",
    "Alt_3": "Firms with equal amounts of net working capital are also equally liquid.",
    "Alt_4": "Net working capital is a part of the operating cash flow.",
    "Units": "",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 71,
    "CHAP_KEY": 8,
    "COURSE_KEY": 71,
    "TOPIC_KEY": 8,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Liquidity",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following accounts is the most liquid?",
    "Correct": "Accounts Receivable",
    "Alt_1": "Inventory",
    "Alt_2": "Building",
    "Alt_3": "Equipment",
    "Alt_4": "Land",
    "Units": "",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 72,
    "CHAP_KEY": 9,
    "COURSE_KEY": 72,
    "TOPIC_KEY": 9,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Liquidity",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following represents the most liquid asset?",
    "Correct": "$100 of inventory that is sold today for $100 cash",
    "Alt_1": "$100 account receivable that is discounted and collected for $96 today",
    "Alt_2": "$100 of inventory that is sold today on credit for $103",
    "Alt_3": "$100 of inventory that is discounted and sold for $97 cash today",
    "Alt_4": "$100 of accounts receivable that will be collected in full next week",
    "Units": "",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 73,
    "CHAP_KEY": 10,
    "COURSE_KEY": 73,
    "TOPIC_KEY": 10,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Liquidity",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following statements related to liquidity is correct?",
    "Correct": "Liquid assets are valuable to a firm.",
    "Alt_1": "Liquid assets tend to earn a high rate of return.",
    "Alt_2": "Liquid assets are defined as assets that can be sold quickly regardless of the price obtained.",
    "Alt_3": "Inventory is more liquid than accounts receivable because inventory is tangible.",
    "Alt_4": "Any asset that can be sold is considered liquid.",
    "Units": "",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 74,
    "CHAP_KEY": 11,
    "COURSE_KEY": 74,
    "TOPIC_KEY": 11,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Balance sheet",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Shareholders' equity:",
    "Correct": "represents the residual value of a firm.",
    "Alt_1": "is referred to as a firm's financial leverage.",
    "Alt_2": "is equal to total assets plus total liabilities.",
    "Alt_3": "decreases whenever new shares of stock are issued.",
    "Alt_4": "includes patents, preferred stock, and common stock.",
    "Units": "",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 75,
    "CHAP_KEY": 12,
    "COURSE_KEY": 75,
    "TOPIC_KEY": 12,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Financial and operating leverage",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "As the degree of financial leverage increases, the:",
    "Correct": "probability a firm will encounter financial distress increases.",
    "Alt_1": "amount of a firm's total debt decreases.",
    "Alt_2": "less debt a firm has per dollar of total assets.",
    "Alt_3": "number of outstanding shares of stock increases.",
    "Alt_4": "accounts payable balance decreases.",
    "Units": "",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 76,
    "CHAP_KEY": 13,
    "COURSE_KEY": 76,
    "TOPIC_KEY": 13,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Market and book values",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "The book value of a firm is:",
    "Correct": "based on historical cost.",
    "Alt_1": "equivalent to the firm's market value provided that the firm has some fixed assets.",
    "Alt_2": "generally greater than the market value when fixed assets are included.",
    "Alt_3": "more of a financial than an accounting valuation.",
    "Alt_4": "adjusted to the market value whenever the market value exceeds the stated book value.",
    "Units": "",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 77,
    "CHAP_KEY": 14,
    "COURSE_KEY": 77,
    "TOPIC_KEY": 14,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Market and book values",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "The value of which one of the following is included in the market value of a firm but is excluded from the firm's book value?",
    "Correct": "Employee's experience",
    "Alt_1": "Office equipment",
    "Alt_2": "Copyright",
    "Alt_3": "Distribution warehouse",
    "Alt_4": "Land acquired over 25 years ago",
    "Units": "",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 78,
    "CHAP_KEY": 15,
    "COURSE_KEY": 78,
    "TOPIC_KEY": 16,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Balance sheet",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following is the financial statement that shows the accounting value of a firm's equity as of a particular date?",
    "Correct": "Balance sheet",
    "Alt_1": "Income statement",
    "Alt_2": "Creditor's statement",
    "Alt_3": "Statement of cash flows",
    "Alt_4": "Dividend statement",
    "Units": "",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 79,
    "CHAP_KEY": 16,
    "COURSE_KEY": 79,
    "TOPIC_KEY": 17,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Net working capital",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Net working capital is defined as:",
    "Correct": "current assets minus current liabilities.",
    "Alt_1": "total liabilities minus shareholders' equity.",
    "Alt_2": "current liabilities minus shareholders' equity.",
    "Alt_3": "fixed assets minus long-term liabilities.",
    "Alt_4": "total assets minus total liabilities.",
    "Units": "",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 80,
    "CHAP_KEY": 17,
    "COURSE_KEY": 80,
    "TOPIC_KEY": 18,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Generally Accepted Accounting Principles (GAAP)",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of these sets forth the common set of standards and procedures by which audited financial statements are prepared?",
    "Correct": "Generally Accepted Accounting Principles",
    "Alt_1": "Matching principle",
    "Alt_2": "Cash flow identity",
    "Alt_3": "Financial Accounting Reporting Principles",
    "Alt_4": "Standard Accounting Value Guidelines",
    "Units": "",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 81,
    "CHAP_KEY": 18,
    "COURSE_KEY": 81,
    "TOPIC_KEY": 19,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Income statement",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following is the financial statement that summarizes a firm's revenue and expenses over a period of time?",
    "Correct": "Income statement",
    "Alt_1": "Balance sheet",
    "Alt_2": "Statement of cash flows",
    "Alt_3": "Tax reconciliation statement",
    "Alt_4": "Market value report",
    "Units": "",
    "Objective": "02-02 Describe the difference between accounting income and cash flow.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 82,
    "CHAP_KEY": 19,
    "COURSE_KEY": 82,
    "TOPIC_KEY": 20,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Noncash items",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Noncash items refer to:",
    "Correct": "expenses that do not directly affect cash flows.",
    "Alt_1": "fixed expenses.",
    "Alt_2": "inventory items purchased using credit.",
    "Alt_3": "the ownership of intangible assets such as patents.",
    "Alt_4": "sales that are made using store credit.",
    "Units": "",
    "Objective": "02-02 Describe the difference between accounting income and cash flow.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 83,
    "CHAP_KEY": 20,
    "COURSE_KEY": 83,
    "TOPIC_KEY": 21,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Generally Accepted Accounting Principles (GAAP)",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following is true according to generally accepted accounting principles?",
    "Correct": "Income is recorded based on the realization principle.",
    "Alt_1": "Depreciation is recorded based on the market value principle.",
    "Alt_2": "Costs are recorded based on the realization principle.",
    "Alt_3": "Depreciation is recorded based on the recognition principle.",
    "Alt_4": "Costs of goods sold are recorded based on the recognition principle.",
    "Units": "",
    "Objective": "02-02 Describe the difference between accounting income and cash flow.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 84,
    "CHAP_KEY": 21,
    "COURSE_KEY": 84,
    "TOPIC_KEY": 22,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Fixed and variable costs",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of these is most apt to be a fixed cost?",
    "Correct": "Office salaries",
    "Alt_1": "Raw materials",
    "Alt_2": "Manufacturing wages",
    "Alt_3": "Management bonuses",
    "Alt_4": "Shipping and freight",
    "Units": "",
    "Objective": "02-02 Describe the difference between accounting income and cash flow.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 85,
    "CHAP_KEY": 22,
    "COURSE_KEY": 85,
    "TOPIC_KEY": 23,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Income statement",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following statements is correct assuming accrual accounting is used?",
    "Correct": "The labor costs for producing a product are expensed when the product is sold.",
    "Alt_1": "The addition to retained earnings is equal to net income plus dividends paid.",
    "Alt_2": "Credit sales are recorded on the income statement when the cash from the sale is collected.",
    "Alt_3": "Interest is a non-cash expense.",
    "Alt_4": "Depreciation increases the marginal tax rate.",
    "Units": "",
    "Objective": "02-02 Describe the difference between accounting income and cash flow.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 86,
    "CHAP_KEY": 23,
    "COURSE_KEY": 86,
    "TOPIC_KEY": 24,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Taxes",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "The percentage of the next dollar you earn that must be paid in taxes is referred to as the ________ tax rate.",
    "Correct": "marginal",
    "Alt_1": "mean",
    "Alt_2": "residual",
    "Alt_3": "total",
    "Alt_4": "average",
    "Units": "",
    "Objective": "02-03 Describe the difference between average and marginal tax rates.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 87,
    "CHAP_KEY": 24,
    "COURSE_KEY": 87,
    "TOPIC_KEY": 25,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Taxes",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "The ________ tax rate is equal to total taxes divided by total taxable income.",
    "Correct": "average",
    "Alt_1": "deductible",
    "Alt_2": "residual",
    "Alt_3": "total",
    "Alt_4": "marginal",
    "Units": "",
    "Objective": "02-03 Describe the difference between average and marginal tax rates.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 88,
    "CHAP_KEY": 25,
    "COURSE_KEY": 88,
    "TOPIC_KEY": 26,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Taxes",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following statements related to corporate taxes is correct?",
    "Correct": "The marginal tax rate for a company can be either higher than or equal to the average tax rate.",
    "Alt_1": "A company's marginal tax rate must be equal to or lower than its average tax rate.",
    "Alt_2": "The tax for a company is computed by multiplying the marginal tax rate times the taxable income.",
    "Alt_3": "Additional income is taxed at a firm's average tax rate.",
    "Alt_4": "The marginal tax rate will always exceed a company's average tax rate.",
    "Units": "",
    "Objective": "02-03 Describe the difference between average and marginal tax rates.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 89,
    "CHAP_KEY": 26,
    "COURSE_KEY": 89,
    "TOPIC_KEY": 27,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Taxes",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following statements concerning corporate income taxes is correct for 2018?",
    "Correct": "The federal income tax on corporations is a flat-rate tax with the same rate applying to all levels of taxable income.",
    "Alt_1": "All corporations are exempt from federal taxation.",
    "Alt_2": "Corporations pay no tax on their first $50,000 of income.",
    "Alt_3": "The marginal tax rate will always be lower than the average tax rate.",
    "Alt_4": "The first 25 percent of corporate income is exempt from taxation.",
    "Units": "",
    "Objective": "02-03 Describe the difference between average and marginal tax rates.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 90,
    "CHAP_KEY": 27,
    "COURSE_KEY": 90,
    "TOPIC_KEY": 28,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Cash flow from assets",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "The cash flow that is available for distribution to a corporation's creditors and stockholders is called the:",
    "Correct": "cash flow from assets.",
    "Alt_1": "operating cash flow.",
    "Alt_2": "net capital spending.",
    "Alt_3": "net working capital.",
    "Alt_4": "cash flow to stockholders.",
    "Units": "",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 91,
    "CHAP_KEY": 28,
    "COURSE_KEY": 91,
    "TOPIC_KEY": 29,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Operating cash flow",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which term relates to the cash flow that results from a company's ongoing, normal business activities?",
    "Correct": "Operating cash flow",
    "Alt_1": "Capital spending",
    "Alt_2": "Net working capital",
    "Alt_3": "Cash flow from assets",
    "Alt_4": "Cash flow to creditors",
    "Units": "",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 92,
    "CHAP_KEY": 29,
    "COURSE_KEY": 92,
    "TOPIC_KEY": 30,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Free cash flow",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Cash flow from assets is also known as the firm's:",
    "Correct": "free cash flow.",
    "Alt_1": "capital structure.",
    "Alt_2": "equity structure.",
    "Alt_3": "hidden cash flow.",
    "Alt_4": "historical cash flow.",
    "Units": "",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 93,
    "CHAP_KEY": 30,
    "COURSE_KEY": 93,
    "TOPIC_KEY": 31,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Cash flow to creditors",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "The cash flow related to interest payments less any net new borrowing is called the:",
    "Correct": "cash flow to creditors.",
    "Alt_1": "operating cash flow.",
    "Alt_2": "capital spending cash flow.",
    "Alt_3": "net working capital.",
    "Alt_4": "cash flow from assets.",
    "Units": "",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 94,
    "CHAP_KEY": 31,
    "COURSE_KEY": 94,
    "TOPIC_KEY": 32,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Cash flow to stockholders",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Cash flow to stockholders is defined as:",
    "Correct": "dividend payments less net new equity raised.",
    "Alt_1": "the total amount of interest and dividends paid during the past year.",
    "Alt_2": "the change in total equity over the past year.",
    "Alt_3": "cash flow from assets plus the cash flow to creditors.",
    "Alt_4": "operating cash flow minus the cash flow to creditors.",
    "Units": "",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 95,
    "CHAP_KEY": 32,
    "COURSE_KEY": 95,
    "TOPIC_KEY": 33,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Operating cash flow",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following is an expense for accounting purposes but is not an operating cash flow for financial purposes?",
    "Correct": "Interest expense",
    "Alt_1": "Taxes",
    "Alt_2": "Cost of goods sold",
    "Alt_3": "Labor costs",
    "Alt_4": "Administrative expenses",
    "Units": "",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 96,
    "CHAP_KEY": 33,
    "COURSE_KEY": 96,
    "TOPIC_KEY": 34,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Depreciation",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Depreciation for a tax-paying firm:",
    "Correct": "increases expenses and lowers taxes.",
    "Alt_1": "increases the net fixed assets as shown on the balance sheet.",
    "Alt_2": "reduces both the net fixed assets and the costs of a firm.",
    "Alt_3": "is a noncash expense that increases the net income.",
    "Alt_4": "decreases net fixed assets, net income, and operating cash flows.",
    "Units": "",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 97,
    "CHAP_KEY": 34,
    "COURSE_KEY": 97,
    "TOPIC_KEY": 35,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Taxes",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following statements related to an income statement is correct?",
    "Correct": "Taxes reduce both net income and operating cash flow.",
    "Alt_1": "Interest expense increases the amount of tax due.",
    "Alt_2": "Depreciation does not affect taxes since it is a non-cash expense.",
    "Alt_3": "Net income is distributed to dividends and paid-in surplus.",
    "Alt_4": "Interest expense is included in operating cash flow.",
    "Units": "",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 98,
    "CHAP_KEY": 35,
    "COURSE_KEY": 98,
    "TOPIC_KEY": 36,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Operating cash flow",
    "Type": "SA",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "Which one of the following statements is correct concerning a corporation with taxable income of {mcost1}?",
    "Correct": "An increase in depreciation will increase the operating cash flow.",
    "Alt_1": "Taxable income minus dividends paid will equal the ending retained earnings for the year.",
    "Alt_2": "Net income divided by the number of shares outstanding will equal the dividends per share.",
    "Alt_3": "Interest paid will be included in both net income and operating cash flow.",
    "Alt_4": "An increase in the tax rate will increase both net income and operating cash flow.",
    "Units": "",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 99,
    "CHAP_KEY": 36,
    "COURSE_KEY": 99,
    "TOPIC_KEY": 37,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Cash flow from assets",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following will increase the cash flow from assets, all else equal?",
    "Correct": "Decrease in the change in net working capital",
    "Alt_1": "Decrease in cash flow to stockholders",
    "Alt_2": "Decrease in operating cash flow",
    "Alt_3": "Decrease in cash flow to creditors",
    "Alt_4": "Increase in net capital spending",
    "Units": "",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 100,
    "CHAP_KEY": 37,
    "COURSE_KEY": 100,
    "TOPIC_KEY": 39,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Cash flow from assets",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following must be true if a firm had a negative cash flow from assets?",
    "Correct": "The firm utilized outside funding.",
    "Alt_1": "The firm borrowed money.",
    "Alt_2": "The firm acquired new fixed assets.",
    "Alt_3": "The firm had a net loss for the period.",
    "Alt_4": "Newly issued shares of stock were sold.",
    "Units": "",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 101,
    "CHAP_KEY": 38,
    "COURSE_KEY": 101,
    "TOPIC_KEY": 39,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Cash flow from assets",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following must be true if a firm had a negative cash flow from assets?",
    "Correct": "The firm utilized outside funding.",
    "Alt_1": "The firm borrowed money.",
    "Alt_2": "The firm acquired new fixed assets.",
    "Alt_3": "The firm had a net loss for the period.",
    "Alt_4": "Newly issued shares of stock were sold.",
    "Units": "",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 102,
    "CHAP_KEY": 39,
    "COURSE_KEY": 102,
    "TOPIC_KEY": 40,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Depreciation",
    "Type": "SA",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "An increase in the interest expense for a firm with a taxable income of {ucost1} will:",
    "Correct": "increase the cash flow from assets.",
    "Alt_1": "increase net income.",
    "Alt_2": "increase gross income.",
    "Alt_3": "decrease the cash flow from equity.",
    "Alt_4": "decrease the operating cash flow.",
    "Units": "",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 103,
    "CHAP_KEY": 40,
    "COURSE_KEY": 103,
    "TOPIC_KEY": 41,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Cash flow from assets",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following is excluded from the cash flow from assets?",
    "Correct": "Interest expense",
    "Alt_1": "Accounts payable",
    "Alt_2": "Inventory",
    "Alt_3": "Sales",
    "Alt_4": "Cost of goods sold",
    "Units": "",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 104,
    "CHAP_KEY": 41,
    "COURSE_KEY": 104,
    "TOPIC_KEY": 42,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Capital spending",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Net capital spending:",
    "Correct": "is equal to zero if the decrease in the net fixed assets is equal to the depreciation expense.",
    "Alt_1": "is equal to ending net fixed assets minus beginning net fixed assets.",
    "Alt_2": "reflects the net changes in total assets over a stated period of time.",
    "Alt_3": "is equivalent to the cash flow from assets minus the operating cash flow minus the change in net working capital.",
    "Alt_4": "is equal to the net change in the current accounts.",
    "Units": "",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 105,
    "CHAP_KEY": 42,
    "COURSE_KEY": 105,
    "TOPIC_KEY": 43,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Cash flow to creditors",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following statements related to the cash flow to creditors must be correct?",
    "Correct": "A positive cash flow to creditors represents a net cash outflow from the firm.",
    "Alt_1": "If the cash flow to creditors is positive, then the firm must have borrowed more money than it repaid.",
    "Alt_2": "If the cash flow to creditors is negative, then the firm must have a negative cash flow from assets.",
    "Alt_3": "A positive cash flow to creditors means that a firm has increased its long-term debt.",
    "Alt_4": "If the cash flow to creditors is zero, then a firm has no long-term debt.",
    "Units": "",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 106,
    "CHAP_KEY": 43,
    "COURSE_KEY": 106,
    "TOPIC_KEY": 44,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Cash flow to stockholders",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "A positive cash flow to stockholders indicates which one of the following with certainty?",
    "Correct": "The dividends paid exceeded the net new equity raised.",
    "Alt_1": "The amount of the sale of common stock exceeded the amount of dividends paid.",
    "Alt_2": "No dividends were distributed, but new shares of stock were sold.",
    "Alt_3": "Both the cash flow to assets and the cash flow to creditors must be negative.",
    "Alt_4": "Both the cash flow to assets and the cash flow to creditors must be positive.",
    "Units": "",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 107,
    "CHAP_KEY": 44,
    "COURSE_KEY": 107,
    "TOPIC_KEY": 45,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Net working capital",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "A firm has {cost1} in inventory, {cost3} in fixed assets, {ucost1} in accounts receivables, {cost2} in accounts payable, and {ucost3} in cash. What is the amount of the net working capital?",
    "Correct": "cost1 + ucost1 + ucost3 - cost2",
    "Alt_1": "cost1 + ucost1 + ucost3 + cost2",
    "Alt_2": "cost1 + ucost1 - ucost3 - cost2",
    "Alt_3": "cost1 - ucost1 + ucost3 - cost2",
    "Alt_4": "cost1 - ucost1 - ucost3 - cost2",
    "Units": "Currency",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 108,
    "CHAP_KEY": 45,
    "COURSE_KEY": 108,
    "TOPIC_KEY": 46,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Net working capital",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "A firm has net working capital of {ucost1}. Long-term debt is {cost1}, total assets are {cost2}, and fixed assets are {cost3}. What is the amount of the total liabilities?",
    "Correct": "cost2 + cost1 - cost3 - ucost1",
    "Alt_1": "cost2 + cost1 + cost3 - ucost1",
    "Alt_2": "cost2 + cost1 - cost3 + ucost1",
    "Alt_3": "cost2 - cost1 - cost3 - ucost1",
    "Alt_4": "cost2 + cost1 + cost3 - ucost1",
    "Units": "Currency",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 109,
    "CHAP_KEY": 46,
    "COURSE_KEY": 109,
    "TOPIC_KEY": 47,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Balance sheet",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "A firm has common stock of {cost1}, paid-in surplus of {cost2}, total liabilities of {cost3}, current assets of {mcost1}, and fixed assets of {mcost2}. What is the amount of the shareholders' equity?",
    "Correct": "mcost1 + mcost2 -cost3",
    "Alt_1": "mcost1 + mcost2 + cost2",
    "Alt_2": "mcost1 - mcost2 -cost3",
    "Alt_3": "mcost1 + mcost2 -cost3 - cost1",
    "Alt_4": "mcost1 - mcost2  + cost3",
    "Units": "Currency",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 110,
    "CHAP_KEY": 47,
    "COURSE_KEY": 110,
    "TOPIC_KEY": 48,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Net working capital",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "Your firm has total assets of {cost1}, fixed assets of {cost2}, long-term debt of {cost3}, and short-term debt of {ucost1}. What is the amount of net working capital?",
    "Correct": "cost1 - cost2 - ucost1",
    "Alt_1": "cost1 - cost2 + ucost1",
    "Alt_2": "cost1 + cost2 - ucost1",
    "Alt_3": "cost1 + cost2 + ucost1",
    "Alt_4": "cost1 - cost2 - cost3 - ucost1",
    "Units": "Currency",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 111,
    "CHAP_KEY": 48,
    "COURSE_KEY": 111,
    "TOPIC_KEY": 49,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Net working capital",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} has shareholders' equity of {mcost1}. The firm owes a total of {mcost2} of which {interest1} is payable within the next year. The firm has net fixed assets of {mcost3}. What is the amount of the net working capital?",
    "Correct": "mcost1 + mcost2 - mcost3 - (interest1 * mcost2)",
    "Alt_1": "mcost1 + mcost2 - mcost3",
    "Alt_2": "mcost1 + mcost2 + mcost3 - (interest1 * mcost2)",
    "Alt_3": "mcost1 + mcost2 - mcost3 + (interest1 * mcost2)",
    "Alt_4": "mcost1 + mcost2 - mcost3 - (interest1 * mcost3)",
    "Units": "Currency",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 112,
    "CHAP_KEY": 49,
    "COURSE_KEY": 112,
    "TOPIC_KEY": 50,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Market and book values",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "Four years ago, {company1} purchased a mailing machine at a cost of {cost1}. This equipment is currently valued at {cost2} on today's balance sheet but could actually be sold for {cost3}. This is the only fixed asset the firm owns. Net working capital is {mcost1} and long-term debt is {mcost2}. What is the book value of shareholders' equity?",
    "Correct": "cost2 + mcost1 - mcost2",
    "Alt_1": "cost2 + mcost1 + mcost2",
    "Alt_2": "cost2 - mcost1 - mcost2",
    "Alt_3": "cost3 + mcost1 - mcost2",
    "Alt_4": "cost1 + mcost1 - mcost2",
    "Units": "Currency",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 113,
    "CHAP_KEY": 50,
    "COURSE_KEY": 113,
    "TOPIC_KEY": 51,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Market and book values",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} owns the building in which it is located. This building initially cost {mcost1} and is currently appraised at {mcost2}. The fixtures originally cost {cost1} and are currently valued at {cost2}. The inventory has a book value of {mcost3} and a market value equal to 1.2 times the book value. The shop expects to collect {interest3} of the {mcost4} in accounts receivable. The shop has {mcost5} in cash and total debt of {mcost6}. What is the market value of the shop's equity?",
    "Correct": "mcost2 + cost2 + (1.2 * mcost3) + ((interest3/100) * mcost4) + mcost5 - mcost6",
    "Alt_1": "mcost2 + cost2 + (mcost3) + ((interest3/100) * mcost4) + mcost5 - mcost6",
    "Alt_2": "mcost2 + cost2 + (1.2 * mcost3) + ((interest3/100) * mcost4) + mcost5 + mcost6",
    "Alt_3": "mcost2 + cost2 + (1.2 * mcost3  * mcost4) + mcost5 - mcost6",
    "Alt_4": "mcost1 + cost2 + (1.2 * mcost3) + ((interest3/100) * mcost4) + mcost5 - mcost6",
    "Units": "Currency",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 114,
    "CHAP_KEY": 51,
    "COURSE_KEY": 114,
    "TOPIC_KEY": "52a",
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Market and book values",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} purchased all of its fixed assets three years ago for {mcost1}. These assets can be sold today for {mcost2}. The current balance sheet shows net fixed assets of {mcost3}, current liabilities of {mcost4}, and net working capital of {mcost5}. If all the current assets were liquidated today, the company would receive {mcost6} in cash. The book value of the total assets today is how much?",
    "Correct": "mcost5 + mcost4 + mcost3",
    "Alt_1": "mcost2 + mcost4 + mcost3",
    "Alt_2": "mcost5 + mcost4 + mcost6",
    "Alt_3": "mcost5 + mcost4 + mcost2",
    "Alt_4": "mcost5 + mcost4",
    "Units": "Currency",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 115,
    "CHAP_KEY": 52,
    "COURSE_KEY": 115,
    "TOPIC_KEY": "52b",
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Market and book values",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} purchased all of its fixed assets three years ago for {mcost1}. These assets can be sold today for {mcost2}. The current balance sheet shows net fixed assets of {mcost3}, current liabilities of {mcost4}, and net working capital of {mcost5}. If all the current assets were liquidated today, the company would receive {mcost6} in cash. The market value of the assets today is how much?.",
    "Correct": "mcost6 + mcost2",
    "Alt_1": "mcost6 + mcost3",
    "Alt_2": "mcost6 + mcost4",
    "Alt_3": "mcost6 + mcost5",
    "Alt_4": "mcost6",
    "Units": "Currency",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 116,
    "CHAP_KEY": 53,
    "COURSE_KEY": 116,
    "TOPIC_KEY": 53,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Net working capital",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} has inventory of {mcost1}, fixed assets of {mcost2}, total liabilities of {mcost3}, cash of {cost1}, accounts receivable of {cost2}, and long-term debt of{cost3}. What is the net working capital?",
    "Correct": "cost1 + cost2 + mcost1 - (mcost3 - cost3)",
    "Alt_1": "cost1 + cost2 + mcost1 - (mcost3 + cost3)",
    "Alt_2": "cost1 + cost2 - mcost1 - (mcost3 - cost3)",
    "Alt_3": "cost1 + cost2 + mcost1 + (mcost3 - cost3)",
    "Alt_4": "cost1 - cost2 + mcost1 - (mcost3 - cost3)",
    "Units": "Currency",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 117,
    "CHAP_KEY": 54,
    "COURSE_KEY": 117,
    "TOPIC_KEY": 54,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Market and book values",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} has a current market value of {mcost1} and owes its creditors {mcost2}. What is the market value of the shareholders' equity?",
    "Correct": "(((cost1 -cost2) > 0) + 0) * cost1",
    "Alt_1": "(cost1 - cost2)",
    "Alt_2": "(cost1 + cost2)",
    "Alt_3": "(cost1 + cost2) * -1",
    "Alt_4": "(cost1 * cost2)",
    "Units": "Currency",
    "Objective": "02-01 Describe the difference between accounting value (or \"book\" value) and market value.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 118,
    "CHAP_KEY": 55,
    "COURSE_KEY": 118,
    "TOPIC_KEY": 55,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Income statement",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} paid {ucost1} in dividends and {ucost2} in interest this past year. Common stock remained constant at {cost1} and retained earnings decreased by {ucost3}. What is the net income for the year?",
    "Correct": "ucost1 - ucost3",
    "Alt_1": "ucost1 + ucost2 - ucost3",
    "Alt_2": "cost1 - ucost3",
    "Alt_3": "cost1 - ucost3- ucost1 - ucost2",
    "Alt_4": "ucost1 - ucost3 - ucost1",
    "Units": "Currency",
    "Objective": "02-02 Describe the difference between accounting income and cash flow.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 119,
    "CHAP_KEY": 56,
    "COURSE_KEY": 119,
    "TOPIC_KEY": 56,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Income statement",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} has sales of {mcost1} with costs of {mcost2}. Interest expense is {mcost3} and depreciation is {mcost4}. The tax rate is {interest1}. What is the net income?",
    "Correct": "(mcost1 - mcost2 - mcost3 - mcost4)*(1 - interest1/100)",
    "Alt_1": "(mcost1 - mcost2 - mcost3 - mcost4)*(interest1/100)",
    "Alt_2": "(mcost1 - mcost2 + mcost3 - mcost4)*(1 - interest1/100)",
    "Alt_3": "(mcost1 - mcost2 - mcost4)*(1 - interest1/100)",
    "Alt_4": "(mcost1 - mcost3 - mcost4)* (interest1/100)",
    "Units": "Currency",
    "Objective": "02-02 Describe the difference between accounting income and cash flow.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 120,
    "CHAP_KEY": 57,
    "COURSE_KEY": 120,
    "TOPIC_KEY": 57,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Income statement",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} has sales of {mcost1}, costs of {cost1}, an addition to retained earnings of {cost2}, dividends paid of {ucost1}, interest expense of {cost3}, and a tax rate of {interest1}. What is the amount of the depreciation expense?",
    "Correct": "mcost1 - cost1 - (cost2 + ucost1)/(1 - interest1/100) + cost3",
    "Alt_1": "mcost1 - cost1 - (cost2 + ucost1)*(interest1/100) + cost3",
    "Alt_2": "mcost1 - cost1 + (cost2 + ucost1)/(1 - interest1/100) - cost3",
    "Alt_3": "mcost1 - cost1 - (cost2 - ucost1)/(1 - interest1/100) + cost3",
    "Alt_4": "mcost1 - cost1 + (cost2 + ucost1)/(interest1/100) + cost3",
    "Units": "Currency",
    "Objective": "02-02 Describe the difference between accounting income and cash flow.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 121,
    "CHAP_KEY": 58,
    "COURSE_KEY": 121,
    "TOPIC_KEY": 58,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Income statement",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "Last year, {company1} had {mcost1} of sales, {ucost1} of net new equity, dividend payments of {ucost2}, an addition to retained earnings of {ucost3}, depreciation of {cost1}, and {cost2} of interest expense. What are the earnings before interest and taxes at a tax rate of {interest1}?",
    "Correct": "((ucost2 + ucost3)/(1 - interest1/100)) + cost2",
    "Alt_1": "((ucost2 + ucost3)*(1 - interest1/100)) + cost2",
    "Alt_2": "((ucost2 + ucost3)/(interest1/100)) + cost2",
    "Alt_3": "((ucost2 + ucost3)/(1 - interest1/100)) + cost2 + cost1",
    "Alt_4": "((ucost2 + ucost3)/(1 - interest1/100)) + cost2 + ucost1",
    "Units": "Currency",
    "Objective": "02-02 Describe the difference between accounting income and cash flow.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 122,
    "CHAP_KEY": 59,
    "COURSE_KEY": 122,
    "TOPIC_KEY": 59,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Noncash items",
    "Type": "Comp",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "{company1} income statement shows depreciation of {cost1}, sales of {mcost1}, interest paid of {cost2}, net income of {cost3}, and costs of goods sold of {mcost2}. What is the amount of the noncash expenses?",
    "Correct": "cost1",
    "Alt_1": "cost1 + cost2",
    "Alt_2": "cost2",
    "Alt_3": "cost1 + mcost2",
    "Alt_4": "cost2 + mcost2",
    "Units": "Currency",
    "Objective": "02-02 Describe the difference between accounting income and cash flow.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 123,
    "CHAP_KEY": 60,
    "COURSE_KEY": 123,
    "TOPIC_KEY": 60,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Income statement",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} has sales of {mcost1}, costs of {mcost2}, depreciation expense of{mcost3}, interest expense of {mcost4}, and a tax rate of {interest1}. The firm paid {mcost5} in cash dividends. What is the addition to retained earnings?",
    "Correct": "(mcost1 - mcost2 - mcost3 - mcost4)*(1 - interest1/100)",
    "Alt_1": "(mcost1 - mcost2 - mcost3 - mcost4 - mcost5)*(1 - interest1/100)",
    "Alt_2": "(mcost1 - mcost2 - mcost3 - mcost4)*(interest1/100)",
    "Alt_3": "(mcost1 - mcost2 - mcost3 - mcost4 - mcost5)*(interest1/100)",
    "Alt_4": "(mcost1 - mcost2 - mcost3)*(1 - interest1/100)",
    "Units": "Currency",
    "Objective": "02-02 Describe the difference between accounting income and cash flow.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 124,
    "CHAP_KEY": 61,
    "COURSE_KEY": 124,
    "TOPIC_KEY": 61,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Income statement",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} has cost of goods sold of {mcost1}, interest expense of {cost1}, dividends of {ucost1}, depreciation of {cost2}, and a change in retained earnings of {cost3}. What is the taxable income given a tax rate of {interest1}?",
    "Correct": "(cost3 + ucost1)/(1 - interest1/100)",
    "Alt_1": "(cost3 + ucost1 + cost2)*(1 - interest1/100)",
    "Alt_2": "(cost3 + ucost1)*(1 - interest1/100)",
    "Alt_3": "(cost3 + cost2)/(1 - interest1/100)",
    "Alt_4": "(cost3 + cost1)*(1 - interest1/100)",
    "Units": "Currency",
    "Objective": "02-02 Describe the difference between accounting income and cash flow.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 125,
    "CHAP_KEY": 62,
    "COURSE_KEY": 125,
    "TOPIC_KEY": 65,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Taxes",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} had sales of {mcost1} and costs of {mcost2}. The company paid{mcost3} in interest and{mcost4} in dividends. The depreciation was{mcost5}. The firm has a combined tax rate of {interest1}. What was the addition to retained earnings for the year?",
    "Correct": "(mcost1 - mcost2 - mcost5 - mcost3)*(1 - interest1/100)",
    "Alt_1": "(mcost1 - mcost2 - mcost3 - mcost4)*(1 - interest1/100)",
    "Alt_2": "(mcost1 - mcost2 - mcost3 - mcost4)/(1 - interest1/100)",
    "Alt_3": "(mcost1 - mcost2 - mcost5 - mcost3)/(1 - interest1/100)",
    "Alt_4": "(mcost1 - mcost2 - mcost3 - mcost4)*(interest1/100)",
    "Units": "Currency",
    "Objective": "02-03 Describe the difference between average and marginal tax rates.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 126,
    "CHAP_KEY": 63,
    "COURSE_KEY": 126,
    "TOPIC_KEY": 66,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Operating cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} has total sales of {mcost1} and costs of {mcost2}. Depreciation is {mcost3} and the tax rate is {interest1}. The firm is all-equity financed. What is the operating cash flow?",
    "Correct": "(mcost1 - mcost2 - mcost3)*(interest1/100)",
    "Alt_1": "(mcost1 - mcost2 - mcost3)*(1 - interest1/100)",
    "Alt_2": "(mcost1 - mcost2)*(interest1/100)",
    "Alt_3": "(mcost1 - mcost2 - mcost3)/(1-interest1/100)",
    "Alt_4": "(mcost1 - mcost2 + mcost3)*(interest1/100)",
    "Units": "Currency",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 127,
    "CHAP_KEY": 64,
    "COURSE_KEY": 127,
    "TOPIC_KEY": 67,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Capital spending",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} had beginning net fixed assets of {mcost1} and ending net fixed assets of {mcost2}. During the year, assets with a book value of {cost1} were sold. Depreciation for the year was {mcost3}. What is the amount of net capital spending?",
    "Correct": "mcost2 - mcost1 + mcost3",
    "Alt_1": "mcost2 - mcost1 + mcost3 - cost1",
    "Alt_2": "mcost2 - mcost1  - cost1",
    "Alt_3": "mcost2 - mcost1 + cost1",
    "Alt_4": "mcost2 - mcost1 - mcost3",
    "Units": "Currency",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Apply",
    "Accreditation": "AACSB",
    "Taxonomy": "Knowledge Application",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 128,
    "CHAP_KEY": 65,
    "COURSE_KEY": 128,
    "TOPIC_KEY": 68,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Net working capital",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "At the beginning of the year, a firm had current assets of {mcost1} and current liabilities of {mcost2}. At the end of the year, the current assets were {mcost3} and the current liabilities were {mcost4}. What is the change in net working capital?",
    "Correct": "(mcost3 - mcost4) - (mcost1 - mcost2)",
    "Alt_1": "(mcost3 - mcost4) + (mcost1 - mcost2)",
    "Alt_2": "(mcost3 + mcost4) - (mcost1 + mcost2)",
    "Alt_3": "(mcost3 - mcost4) - (mcost1 + mcost2)",
    "Alt_4": "(mcost3 + mcost4) - (mcost1 - mcost2)",
    "Units": "Currency",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 129,
    "CHAP_KEY": 66,
    "COURSE_KEY": 129,
    "TOPIC_KEY": 69,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Cash flow to creditors",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "At the beginning of the year, the long-term debt of a firm was {mcost1} and total debt was {mcost2}. At the end of the year, long-term debt was {mcost3} and total debt was {mcost4}. The interest paid was {cost1}. What is the amount of the cash flow to credit",
    "Correct": "cost1 - (mcost3 - mcost1)",
    "Alt_1": "cost1 - (mcost3 + mcost1)",
    "Alt_2": "cost1 + (mcost3 - mcost1)",
    "Alt_3": "mcost2 - (mcost3 - mcost1)",
    "Alt_4": "mcost1 - mcost3",
    "Units": "Currency",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Apply",
    "Accreditation": "AACSB",
    "Taxonomy": "Knowledge Application",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 130,
    "CHAP_KEY": 67,
    "COURSE_KEY": 130,
    "TOPIC_KEY": 70,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Cash flow to creditors",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} had beginning long-term debt of {mcost1} and ending long-term debt of{mcost2}. The beginning and ending total debt balances were {mcost3} and {mcost4}, respectively. The interest paid was {cost1}. What is the amount of the cash flow to creditors?",
    "Correct": "cost1 - (mcost2 - mcost1)",
    "Alt_1": "cost1 - (mcost2  + mcost1)",
    "Alt_2": "cost1 + (mcost2 - mcost1)",
    "Alt_3": "(mcost4 - mcost3) - (mcost2 - mcost1)",
    "Alt_4": "(mcost4 - mcost3) + (mcost2 - mcost1)",
    "Units": "Currency",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Apply",
    "Accreditation": "AACSB",
    "Taxonomy": "Knowledge Application",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 131,
    "CHAP_KEY": 68,
    "COURSE_KEY": 131,
    "TOPIC_KEY": 71,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Cash flow to stockholders",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} has projected annual net income of {mcost1}, of which {interest1} will be distributed as dividends. Assume the company will have net sales of {cost1} worth of common stock. What will be the cash flow to stockholders if the tax rate is {interest2}?",
    "Correct": "((interest1/100) * mcost1) - cost1",
    "Alt_1": "((interest2/100) * mcost1) - cost1",
    "Alt_2": "((interest1/100) * mcost1) + cost1",
    "Alt_3": "(interest2/100) * (mcost1 - cost1)",
    "Alt_4": "(((interest1/100) * mcost1) - cost1) * (interest2/100)",
    "Units": "Currency",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 132,
    "CHAP_KEY": 69,
    "COURSE_KEY": 132,
    "TOPIC_KEY": 72,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Cash flow to stockholders",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} had operating cash flow of {mcost1}. Depreciation was {cost1} and interest paid was {cost2}. A net total of {cost3} was paid on long-term debt. The firm spent {mcost2} on fixed assets and decreased net working capital by {ucost1}. What was the amount of the cash flow to stockholders?",
    "Correct": "(mcost1 + ucost1 - mcost2) - (cost2 + cost3)",
    "Alt_1": "(mcost1 - ucost1 - mcost2) + (cost2 + cost3)",
    "Alt_2": "(mcost1 - ucost1 - mcost2) - (cost2 - cost3)",
    "Alt_3": "(mcost1 + ucost1 - mcost2) - (cost2)",
    "Alt_4": "(mcost1 + ucost1 - mcost2) + (cost2 + cost3)",
    "Units": "Currency",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 133,
    "CHAP_KEY": 70,
    "COURSE_KEY": 133,
    "TOPIC_KEY": 73,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Capital spending",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "For the past year, {company1} had depreciation of {cost1}, beginning total assets of {mcost1}, and ending total assets of {mcost2}. Current assets decreased by {cost2}. What was the amount of net capital spending for the year?",
    "Correct": "mcost2 - mcost1 + cost2 - cost1",
    "Alt_1": "mcost2 - mcost1 - (cost2 + cost1)",
    "Alt_2": "mcost2 + mcost1 + cost2 - cost1",
    "Alt_3": "mcost2 - mcost1 - cost2 - cost1",
    "Alt_4": "mcost2 + mcost1 + cost2 - cost1",
    "Units": "Currency",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 134,
    "CHAP_KEY": 71,
    "COURSE_KEY": 134,
    "TOPIC_KEY": 74,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Cash flow to creditors",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} paid {cost1} in interest and {ucost1} in dividends last year. Current assets increased by {cost2}, current liabilities decreased by {ucost2}, and long-term debt increased by {cost3}. What was the cash flow to creditors?",
    "Correct": "cost1 - cost3",
    "Alt_1": "cost1 + ucost1 + ucost2 - cost3",
    "Alt_2": "cost2 - cost3",
    "Alt_3": "cost1 + cost3 - cost2",
    "Alt_4": "cost1 - ucost1 - ucost3",
    "Units": "Currency",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 135,
    "CHAP_KEY": 72,
    "COURSE_KEY": 135,
    "TOPIC_KEY": 75,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Operating cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} has sales of {mcost1}, interest paid of {cost1}, costs of {cost2}, and depreciation of {cost3}. What is the operating cash flow if the tax rate is {interest1}?",
    "Correct": "mcost1 - cost2 - ((mcost1 - cost2 - cost3 - cost1) * (interest1/100))",
    "Alt_1": "mcost1 - ((mcost1 - cost2 - cost3 - cost1) * (interest1/100))",
    "Alt_2": "((mcost1 - cost2 - cost3 - cost1) * (interest1/100))",
    "Alt_3": "mcost1 - cost2 - cost3 - cost1",
    "Alt_4": "mcost1 + cost2 + ((mcost1 - cost2 - cost3 - cost1) * (interest1/100))",
    "Units": "Currency",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 136,
    "CHAP_KEY": 73,
    "COURSE_KEY": 136,
    "TOPIC_KEY": 76,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Free cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} has an operating cash flow of {cost1} and depreciation of {cost2}. Current assets decreased by {ucost1} while current liabilities decreased by {cost3}, and net fixed assets decreased by {ucost2} during the year. What is free cash flow for the year?",
    "Correct": "cost1 - (cost2 - ucost2) - (cost3 - ucost1)",
    "Alt_1": "cost1 - (ucost2 - cost2) - (cost3 - ucost1)",
    "Alt_2": "cost1 - (ucost2 - cost2) - (ucost1 + cost3)",
    "Alt_3": "cost1 - (cost2 + ucost2) - (cost3 + ucost1)",
    "Alt_4": "cost1 + (cost2 - ucost2) - (cost3 + ucost1)",
    "Units": "Currency",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 137,
    "CHAP_KEY": 74,
    "COURSE_KEY": 137,
    "TOPIC_KEY": 77,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Cash flow to stockholders",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} has taxable income of {mcost1} and a tax rate of {interest1}. What is the change in retained earnings if the firm pays {cost1} in dividends for the year?",
    "Correct": "(mcost1 * (1 - interest1/100)) - cost1",
    "Alt_1": "(cost1 * (1 - interest1/100)) - mcost1",
    "Alt_2": "(mcost1 * (interest1/100)) - cost1",
    "Alt_3": "(mcost1 * (1 - interest1/100)) + cost1",
    "Alt_4": "(mcost1 * (interest1/100)) + cost1",
    "Units": "Currency",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 138,
    "CHAP_KEY": 75,
    "COURSE_KEY": 138,
    "TOPIC_KEY": 78,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Net working capital",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "For the year, {company1} increased current liabilities by {cost1}, decreased cash by {cost2}, increased net fixed assets by {ucost1}, increased accounts receivable by {ucost2}, and decreased inventory by {ucost3}. What is the annual change in net working capital?",
    "Correct": "ucost2 - cost1 - cost2 - ucost3",
    "Alt_1": "ucost2 - cost1 - cost2 - ucost3 + ucost1",
    "Alt_2": "ucost2 + cost1 - cost2 - ucost3",
    "Alt_3": "ucost2 + cost1 + cost2 - ucost3",
    "Alt_4": "ucost2 + cost1 + cost2 + ucost3",
    "Units": "Currency",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 139,
    "CHAP_KEY": 76,
    "COURSE_KEY": 139,
    "TOPIC_KEY": 79,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Capital spending",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} purchased {mcost1} in new equipment and sold equipment with a net book value of {mcost2} during the year. What is the amount of net capital spending if the depreciation was {mcost3}?",
    "Correct": "mcost1 - mcost2",
    "Alt_1": "mcost1 - (mcost2 + mcost3)/2",
    "Alt_2": "mcost1 - mcost3",
    "Alt_3": "mcost2",
    "Alt_4": "mcost3",
    "Units": "Currency",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 140,
    "CHAP_KEY": 77,
    "COURSE_KEY": 140,
    "TOPIC_KEY": 80,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Operating cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} has sales of {mcost1}, depreciation of {cost1}, interest expense of {mcost2}, costs of{mcost3}, and taxes of {cost2}. What is the operating cash flow for the year?",
    "Correct": "mcost1 - mcost3 - cost2",
    "Alt_1": "mcost1 - mcost2 - mcost3 - cost2",
    "Alt_2": "mcost1 - mcost3 - mcost2",
    "Alt_3": "mcost1 - mcost3 - cost1",
    "Alt_4": "mcost1 - mcost3 - cost2 -mcost2 - cost1",
    "Units": "Currency",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 141,
    "CHAP_KEY": 78,
    "COURSE_KEY": 141,
    "TOPIC_KEY": 81,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Cash flow from assets",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} has sales of {mcost1}, depreciation of {cost1}, interest expense of {cost2}, costs of {mcost2}, and taxes of {mcost3}. The firm has net capital spending of {mcost4} and a decrease in net working capital of {mcost5}. What is the cash flow from assets for the year?",
    "Correct": "mcost1 - mcost2 - mcost3 - mcost4 + mcost5",
    "Alt_1": "mcost1 - mcost2 - mcost3 - mcost4 + mcost5 - cost1 - cost2",
    "Alt_2": "mcost1 - mcost2 - mcost3 - mcost4",
    "Alt_3": "mcost1 - mcost2 - mcost3 - mcost4 - cost1 - cost2",
    "Alt_4": "mcost1 - mcost2 - mcost3 + mcost4 + mcost5 - cost2",
    "Units": "Currency",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 142,
    "CHAP_KEY": 79,
    "COURSE_KEY": 142,
    "TOPIC_KEY": 82,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Cash flow to creditors",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "At the beginning of the year, {company1} had current liabilities of {cost1} and total debt of {mcost2}. By year end, current liabilities were {cost2} and total debt was {mcost1}. What is the amount of net new borrowing for the year?",
    "Correct": "(mcost1 - cost2) - (mcost2 - cost1)",
    "Alt_1": "(mcost1 + cost2) - (mcost2 + cost1)",
    "Alt_2": "(mcost1 - cost2) + (mcost2 - cost1)",
    "Alt_3": "(mcost1 - cost2) - mcost2",
    "Alt_4": "mcost1 - mcost2",
    "Units": "Currency",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 143,
    "CHAP_KEY": 80,
    "COURSE_KEY": 143,
    "TOPIC_KEY": 83,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Cash flow to creditors",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} has current assets of {mcost1}, long-term debt of {mcost2}, and current liabilities of {mcost3} at the beginning of the year. At year end, current assets are{mcost4}, long-term debt is {mcost5}, and current liabilities are {mcost6}. The firm paid {cost1} in interest and {cost2} in dividends during the year. What is the cash flow to creditors for the year?",
    "Correct": "cost1 - (mcost5 - mcost2)",
    "Alt_1": "mcost1 - (mcost5 - mcost2)",
    "Alt_2": "mcost1 - (mcost5 - mcost2 - mcost3)",
    "Alt_3": "cost1 - (mcost5 - mcost3)",
    "Alt_4": "(cost1 + cost2) -  (mcost5 - mcost2)",
    "Units": "Currency",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 144,
    "CHAP_KEY": 81,
    "COURSE_KEY": 144,
    "TOPIC_KEY": 84,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Cash flow to stockholders",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} neither sold nor repurchased any shares of stock during the year. The firm had annual sales of {mcost1}, depreciation of {cost1}, cost of goods sold of {mcost2}, interest expense of {ucost1}, taxes of {ucost2}, beginning-of-year shareholders' equity of {cost2}, and end-of-year shareholders' equity of {cost3}. What is the amount of dividends paid during the year?",
    "Correct": "mcost1 - mcost2 - cost1 - ucost1 - ucost2 - (cost3 - cost2)",
    "Alt_1": "mcost1 - mcost2 - cost1 - ucost1 - ucost2 - cost3",
    "Alt_2": "mcost1 - mcost2 - cost1 - ucost1 - ucost2",
    "Alt_3": "cost3 - cost2",
    "Alt_4": "cost3",
    "Units": "Currency",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 145,
    "CHAP_KEY": 82,
    "COURSE_KEY": 145,
    "TOPIC_KEY": 85,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Operating cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} has cost of goods sold of {mcost1}, interest expense of {cost1}, dividends paid of {cost2}, depreciation of {cost3}, an increase in retained earnings of {mcost2}, and a tax rate of {interest1}. What is the operating cash flow?",
    "Correct": "((cost2 + mcost2)/(1 - interest1/100) + cost1) + cost3 - ((cost2 + mcost2)/(1 - interest1/100) - (cost2 + mcost2))",
    "Alt_1": "((cost2 + mcost2)/(1 - interest1/100) + cost1) + cost3 - ((cost2 + mcost2)/(1 - interest1/100))",
    "Alt_2": "((cost2 + mcost2)/(1 - interest1/100) ) + cost3 - ((cost2 + mcost2)/(1 - interest1/100) - (cost2 + mcost2))",
    "Alt_3": "((cost2 + mcost2)/(1 - interest1/100) + cost1) - ((cost2 + mcost2)/(1 - interest1/100) - (cost2 + mcost2))",
    "Alt_4": "((cost2 + mcost2)/(1 - interest1/100) + cost1) +  ((cost2 + mcost2)/(1 - interest1/100) - mcost2)",
    "Units": "Currency",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 146,
    "CHAP_KEY": 83,
    "COURSE_KEY": 146,
    "TOPIC_KEY": 86,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Operating cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} has sales of {mcost2}, costs of {cost1}, depreciation expense of {cost2}, and interest expense of {ucost1}. What is the operating cash flow if the tax rate is {interest1}?",
    "Correct": "(mcost1 -cost1 - cost2) + cost2  - (mcost1 -cost1 - cost2 - ucost1) * (interest1/100)",
    "Alt_1": "(mcost1 -cost1 - cost2) + cost2  - (mcost1 -cost1 - cost2 ) * (interest1/100)",
    "Alt_2": "(mcost1 -cost1 - cost2) - (mcost1 -cost1 - cost2 - ucost1) * (interest1/100)",
    "Alt_3": "(mcost1 -cost1 - cost2) + cost2  + (mcost1 -cost1 - cost2 - ucost1) * (interest1/100)",
    "Alt_4": "(mcost1 -cost1 ) + cost2  - (mcost1 -cost1) * (interest1/100)",
    "Units": "Currency",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 147,
    "CHAP_KEY": 84,
    "COURSE_KEY": 147,
    "TOPIC_KEY": 87,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Capital spending",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} has beginning net fixed assets of {mcost1}, ending net fixed assets of {mcost2}, and depreciation expense of {cost1}. What is the net capital spending for the year if the tax rate is {interest1}?",
    "Correct": "mcost2 - mcost1 + cost1",
    "Alt_1": "mcost2 - mcost1",
    "Alt_2": "mcost2 - cost1",
    "Alt_3": "mcost1 - cost1",
    "Alt_4": "mcost2",
    "Units": "Currency",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Apply",
    "Accreditation": "AACSB",
    "Taxonomy": "Knowledge Application",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 148,
    "CHAP_KEY": 85,
    "COURSE_KEY": 148,
    "TOPIC_KEY": 88,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Net working capital",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} has beginning current assets of {cost1}, beginning current liabilities of {ucost1}, ending current assets of {cost2}, and ending current liabilities of {ucost2}. What is the change in net working capital?",
    "Correct": "(cost2 - ucost2) - (cost1 - ucost1)",
    "Alt_1": "(cost2 - ucost2) + (cost1 - ucost1)",
    "Alt_2": "cost2 - cost1",
    "Alt_3": "cost2 - ucost2",
    "Alt_4": "(cost2 - ucost2) - cost1",
    "Units": "Currency",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Apply",
    "Accreditation": "AACSB",
    "Taxonomy": "Knowledge Application",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 149,
    "CHAP_KEY": 86,
    "COURSE_KEY": 149,
    "TOPIC_KEY": 89,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Cash flow to creditors",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} has beginning total debt of {mcost2} and ending total debt of {mcost3}. Current liabilities increased by {mcost4} during the year. What was the cash flow to creditors if the firm paid {mcost5} in interest during the year?",
    "Correct": "mcost5 - (mcost3 - mcost2 - mcost4)",
    "Alt_1": "mcost5 - mcost3 - mcost2 - mcost4",
    "Alt_2": "mcost5 + mcost3 - mcost2 - mcost4",
    "Alt_3": "mcost5 - (mcost3 - mcost4)",
    "Alt_4": "mcost5 - (mcost3 - mcost2)",
    "Units": "Currency",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 150,
    "CHAP_KEY": 87,
    "COURSE_KEY": 150,
    "TOPIC_KEY": 90,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Cash flow to stockholders",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} started the year with {mcost2} in the common stock account and {mcost1} in the additional paid-in surplus account. The end-of-year balance sheet showed {mcost3} and {mcost4} in the same two accounts, respectively. What is the cash flow to stockholders if the firm paid {mcost5} in dividends?",
    "Correct": "mcost5 - ((mcost3 + mcost4) - (mcost1 + mcost2))",
    "Alt_1": "mcost5 - ((mcost3 - mcost4) - (mcost1 - mcost2))",
    "Alt_2": "mcost5 - ((mcost3 - mcost4) + (mcost1 - mcost2))",
    "Alt_3": "mcost5 - (mcost3 - mcost1)",
    "Alt_4": "mcost5 + ((mcost3 + mcost4) - (mcost1 + mcost2))",
    "Units": "Currency",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 151,
    "CHAP_KEY": 88,
    "COURSE_KEY": 151,
    "TOPIC_KEY": 91,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 2,
    "Chapter_Name": "Financial Statements",
    "Topic": "Operating cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "During the year, {company1} had sales of {mcost1}. Costs of goods sold, administrative and selling expenses, and depreciation expenses were {mcost2}, {mcost3}, and {mcost4}, respectively. In addition, the company had an interest expense of {mcost5} and a tax rate of {interest1}. What is the operating cash flow for the year? Ignore any tax loss carry-forward provisions.",
    "Correct": "mcost1 - mcost2 - mcost3 - mcost4 + mcost4",
    "Alt_1": "mcost1 - mcost2 - mcost3 - mcost4",
    "Alt_2": "mcost1 - mcost2 - mcost3 - mcost4 - mcost5",
    "Alt_3": "mcost1 - mcost2 - mcost3 - mcost4 + mcost4 - mcost5",
    "Alt_4": "mcost1 - mcost2 - mcost3",
    "Units": "Currency",
    "Objective": "02-04 Determine a firm's cash flow from its financial statements.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 152,
    "CHAP_KEY": 0,
    "COURSE_KEY": 152,
    "TOPIC_KEY": 1,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Simple and compound interest",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "{name1} deposited {ucost1} this morning into an account that pays {interest1} interest, compounded annually. {name2} also deposited {ucost1} this morning at {interest2} interest, compounded annually. {name1} will withdraw his interest earnings and spend it as soon as possible. {name2} will reinvest her interest earnings into her account. Given this, which one of the following statements is true?",
    "Correct": "{name2} will earn more interest in Year 2 than {name1}.",
    "Alt_1": "{name2} will earn more interest in Year 1 than {name1} will.",
    "Alt_2": "{name1} will earn more interest in Year 3 than {name2} will.",
    "Alt_3": "After five years, {name1} and {name2} will both have earned the same amount of interest.",
    "Alt_4": "{name1} will earn compound interest.",
    "Units": "",
    "Objective": "05-01 Determine the future value of an investment made today.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Personal",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 153,
    "CHAP_KEY": 1,
    "COURSE_KEY": 153,
    "TOPIC_KEY": 2,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Future value",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "{name1} and {name2} are twins. {name1} invests {ucost1} at {interest1} at age 25. {name2} invests {ucost1} at  {interest1} at age 30. Both investments compound interest annually. Both twins retire at age 60 and neither adds nor withdraws funds prior to retirement. Which statement is correct?",
    "Correct": "{name1} will have more money than {name2} at any age.",
    "Alt_1": "{name1} will have less money when {pron1} retires than {name2}.",
    "Alt_2": "{name2} will earn more interest on interest than {name1}.",
    "Alt_3": "{name2} will earn more compound interest than {name1}.",
    "Alt_4": "If both {name1} and {name2} wait to age 70 to retire they will have equal amounts of savings.",
    "Units": "",
    "Objective": "05-01 Determine the future value of an investment made today.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Personal",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 154,
    "CHAP_KEY": 2,
    "COURSE_KEY": 154,
    "TOPIC_KEY": 3,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Future value",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "You are investing {ucost1} today in a savings account. Which one of the following terms refers to the total value of this investment one year from now?",
    "Correct": "Future value",
    "Alt_1": "Present value",
    "Alt_2": "Principal amount",
    "Alt_3": "Discounted value",
    "Alt_4": "Invested principal",
    "Units": "",
    "Objective": "05-01 Determine the future value of an investment made today.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 155,
    "CHAP_KEY": 3,
    "COURSE_KEY": 155,
    "TOPIC_KEY": 4,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Simple and compound interest",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "{name1} invested {ucost1} five years ago and earns {interest1} annual interest. By leaving {poss1} interest earnings in {poss1} account, {pron1} increases the amount of interest {pron1} earns each year. The way {pron1} is handling  {poss1} interest income is referred to as:",
    "Correct": "compounding.",
    "Alt_1": "simplifying.",
    "Alt_2": "aggregating.",
    "Alt_3": "accumulating.",
    "Alt_4": "discounting.",
    "Units": "",
    "Objective": "05-01 Determine the future value of an investment made today.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Personal",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 156,
    "CHAP_KEY": 4,
    "COURSE_KEY": 156,
    "TOPIC_KEY": 5,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Simple and compound interest",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "{name1} invested {ucost1} two years ago at {interest1} interest. The first year, {pron1} earned $8 interest on {poss1} {ucost1} investment. {name1} reinvested the {ucost1}. The second year, {pron1} earned $8.64 interest on {poss1} investment. The extra $.64 {pron1} earned in interest the second year is referred to as:",
    "Correct": "interest on interest.",
    "Alt_1": "free interest.",
    "Alt_2": "bonus income.",
    "Alt_3": "simple interest.",
    "Alt_4": "present value interest.",
    "Units": "",
    "Objective": "05-01 Determine the future value of an investment made today.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Personal",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 157,
    "CHAP_KEY": 5,
    "COURSE_KEY": 157,
    "TOPIC_KEY": 6,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Simple and compound interest",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "The interest earned on both the initial principal and the interest reinvested from prior periods is called:",
    "Correct": "compound interest.",
    "Alt_1": "free interest.",
    "Alt_2": "dual interest.",
    "Alt_3": "simple interest.",
    "Alt_4": "interest on interest.",
    "Units": "",
    "Objective": "05-01 Determine the future value of an investment made today.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 158,
    "CHAP_KEY": 6,
    "COURSE_KEY": 158,
    "TOPIC_KEY": 7,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Simple and compound interest",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "{name1} invested {ucost1} six years ago at {interest1} interest. {pron1} spends all of {poss1} interest earnings immediately so {pron1} only receives interest on {poss1} initial {ucost1} investment. Which type of interest is she earning?",
    "Correct": "Simple interest",
    "Alt_1": "Free interest",
    "Alt_2": "Complex interest",
    "Alt_3": "Interest on interest",
    "Alt_4": "Compound interest",
    "Units": "",
    "Objective": "05-01 Determine the future value of an investment made today.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Personal",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 159,
    "CHAP_KEY": 7,
    "COURSE_KEY": 159,
    "TOPIC_KEY": 8,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Present value",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "{name1} won a lottery and will receive {ucost1} a year for the next 50 years. The current value of these winnings is called the:",
    "Correct": "present value.",
    "Alt_1": "single amount.",
    "Alt_2": "future value.",
    "Alt_3": "simple amount.",
    "Alt_4": "compounded value.",
    "Units": "",
    "Objective": "05-02 Determine the present value of cash to be received at a future date.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Personal",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 160,
    "CHAP_KEY": 8,
    "COURSE_KEY": 160,
    "TOPIC_KEY": 9,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Present value",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "{name1} is calculating the present value of a bonus {pron1} will receive next year. The process {pron1} is using is called:",
    "Correct": "discounting.",
    "Alt_1": "growth analysis.",
    "Alt_2": "accumulating.",
    "Alt_3": "compounding.",
    "Alt_4": "reducing.",
    "Units": "",
    "Objective": "05-02 Determine the present value of cash to be received at a future date.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Personal",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 161,
    "CHAP_KEY": 9,
    "COURSE_KEY": 161,
    "TOPIC_KEY": 10,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Present value",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "{name1} just computed the present value of a {ucost1} bonus {pron1} will receive next year. The interest rate {pron1} used in {poss1} computation is referred to as the:",
    "Correct": "discount rate.",
    "Alt_1": "current yield.",
    "Alt_2": "effective rate.",
    "Alt_3": "compound rate.",
    "Alt_4": "simple rate.",
    "Units": "",
    "Objective": "05-02 Determine the present value of cash to be received at a future date.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Personal",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 162,
    "CHAP_KEY": 10,
    "COURSE_KEY": 162,
    "TOPIC_KEY": 11,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Present value",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "The process of determining the present value of future cash flows in order to know their value today is referred to as:",
    "Correct": "discounted cash flow valuation.",
    "Alt_1": "compound interest valuation.",
    "Alt_2": "interest on interest valuation.",
    "Alt_3": "future value interest factoring.",
    "Alt_4": "complex factoring.",
    "Units": "",
    "Objective": "05-02 Determine the present value of cash to be received at a future date.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 163,
    "CHAP_KEY": 11,
    "COURSE_KEY": 163,
    "TOPIC_KEY": 12,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Present value",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "{name1} just opened a savings account paying 3.5 percent interest, compounded annually. After four years, the savings account will be worth $5,000. Assume there are no additional deposits or withdrawals. Given this, {name1}:",
    "Correct": "could have deposited less money today and still had $5,000 in four years if the account paid a higher rate of interest.",
    "Alt_1": "will earn the same amount of interest each year for four years.",
    "Alt_2": "will earn simple interest on his savings every year for four years.",
    "Alt_3": "has an account currently valued at $5,000.",
    "Alt_4": "could earn more interest on this account if the interest earnings were withdrawn annually.",
    "Units": "",
    "Objective": "05-02 Determine the present value of cash to be received at a future date.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Personal",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 164,
    "CHAP_KEY": 12,
    "COURSE_KEY": 164,
    "TOPIC_KEY": 13,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Present value",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "This afternoon, you deposited {ucost1} into a retirement savings account. The account will compound interest at {interest1} annually. You will not withdraw any principal or interest until you retire in 40 years. Which one of the following statements is correct?",
    "Correct": "The present value of this investment is equal to $1,000.",
    "Alt_1": "The interest you earn in Year 6 will equal the interest you earn in Year 10.",
    "Alt_2": "The interest amount you earn will double in value every year.",
    "Alt_3": "The total amount of interest you will earn will equal $1,000 × .06 × 40.",
    "Alt_4": "The future value of this amount is equal to $1,000 × (1 + 40).06.",
    "Units": "",
    "Objective": "05-02 Determine the present value of cash to be received at a future date.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 165,
    "CHAP_KEY": 13,
    "COURSE_KEY": 165,
    "TOPIC_KEY": 14,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Present value",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Your {relation1} has promised to give you {ucost1} when you graduate from college. If you speed up your graduation by one year and graduate two years from now rather than the expected three years, the present value of this gift will:",
    "Correct": "increase.",
    "Alt_1": "remain constant.",
    "Alt_2": "decrease.",
    "Alt_3": "equal $10,000.",
    "Alt_4": "be less than $10,000.",
    "Units": "",
    "Objective": "05-02 Determine the present value of cash to be received at a future date.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 166,
    "CHAP_KEY": 14,
    "COURSE_KEY": 166,
    "TOPIC_KEY": 15,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Present value",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "{name1} is going to receive {ucost1} six years from now. {name2} is going to receive {ucost1} {years1} years from now. Which one of the following statements is correct if both individuals apply a discount rate of {interest1}?",
    "Correct": "In today's dollars, {name1}'s money is worth more than {name2}'s.",
    "Alt_1": "The present values of {name1}'s and{name2}'s money are equal.",
    "Alt_2": "In future dollars, {name2}'s money is worth more than{name1}'s money.",
    "Alt_3": "Twenty years from now, the value of {name1}'s money will equal the value of {name2}'s money.",
    "Alt_4": "{name2}'s money is worth more than {name1}'s money given the 7 percent discount rate.",
    "Units": "",
    "Objective": "05-02 Determine the present value of cash to be received at a future date.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Personal",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 167,
    "CHAP_KEY": 15,
    "COURSE_KEY": 167,
    "TOPIC_KEY": 16,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Present value",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following variables is the exponent in the present value formula?",
    "Correct": "Number of time periods",
    "Alt_1": "Present value",
    "Alt_2": "Future value",
    "Alt_3": "Interest rate",
    "Alt_4": "There is no exponent in the present value formula.",
    "Units": "",
    "Objective": "05-02 Determine the present value of cash to be received at a future date.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 168,
    "CHAP_KEY": 16,
    "COURSE_KEY": 168,
    "TOPIC_KEY": 17,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Present value",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Your goal is to have $1 million in your retirement savings on the day you retire. To fund this goal, you will make one lump sum deposit today. If you plan to retire ________ rather than ________ and earn a ________ rate of interest, then you can deposit a smaller lump sum today.",
    "Correct": "later; sooner; high",
    "Alt_1": "sooner; later; low",
    "Alt_2": "sooner; later; high",
    "Alt_3": "later; sooner; low",
    "Alt_4": "today; later; high",
    "Units": "",
    "Objective": "05-02 Determine the present value of cash to be received at a future date.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 169,
    "CHAP_KEY": 17,
    "COURSE_KEY": 169,
    "TOPIC_KEY": 18,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Present value",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following will produce the lowest present value interest factor?",
    "Correct": "8 percent interest for 10 years",
    "Alt_1": "6 percent interest for 5 years",
    "Alt_2": "6 percent interest for 8 years",
    "Alt_3": "6 percent interest for 10 years",
    "Alt_4": "8 percent interest for 5 years",
    "Units": "",
    "Objective": "05-02 Determine the present value of cash to be received at a future date.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 170,
    "CHAP_KEY": 18,
    "COURSE_KEY": 170,
    "TOPIC_KEY": 19,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Present value",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of these will increase the present value of a set amount to be received sometime in the future?",
    "Correct": "Decrease in the interest rate",
    "Alt_1": "Increase in the time until the amount is received",
    "Alt_2": "Increase in the discount rate",
    "Alt_3": "Decrease in the future value",
    "Alt_4": "Decrease in both the future value and the number of time periods",
    "Units": "",
    "Objective": "05-02 Determine the present value of cash to be received at a future date.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 171,
    "CHAP_KEY": 19,
    "COURSE_KEY": 171,
    "TOPIC_KEY": 20,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Time value of money",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "What is the relationship between the present value and future value interest factors?",
    "Correct": "The factors are reciprocals of each other.",
    "Alt_1": "The present value and future value factors are equal to each other.",
    "Alt_2": "The present value factor is the exponent of the future value factor.",
    "Alt_3": "The future value factor is the exponent of the present value factor.",
    "Alt_4": "There is no relationship between these two factors.",
    "Units": "",
    "Objective": "05-03 Find the return on an investment.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 172,
    "CHAP_KEY": 20,
    "COURSE_KEY": 172,
    "TOPIC_KEY": 21,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Time value of money",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "{name1} invested $1,000 ten years ago and expected to have $1,800 today. {name1} has neither added nor withdrawn any money since {poss1} initial investment. All interest was reinvested and compounded annually. As it turns out, {pron1} only has $1,680 in {poss1} account today. Which one of the following must be true?",
    "Correct": "{name1} earned a lower interest rate than {pron1} expected.",
    "Alt_1": "{name1} earned simple interest rather than compound interest.",
    "Alt_2": "{name1} did not earn any interest on interest as {pron1} expected.",
    "Alt_3": "{name1} ignored the Rule of 72 which caused {poss1} account to decrease in value.",
    "Alt_4": "The future value interest factor turned out to be higher than {pron1} expected.",
    "Units": "",
    "Objective": "05-03 Find the return on an investment.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Personal",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 173,
    "CHAP_KEY": 21,
    "COURSE_KEY": 173,
    "TOPIC_KEY": 22,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Simple and compound interest",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{name1} invested {ucost1} in an account that pays {interest1} simple interest. How much money will he have at the end of {years1} years?",
    "Correct": "ucost1 + (ucost1 * years1 * interest1/100)",
    "Alt_1": "ucost1 - (ucost1 * years1 * interest1/100)",
    "Alt_2": "ucost1 + (ucost1  * interest1/100)",
    "Alt_3": "ucost1 + (years1 * interest1/100)",
    "Alt_4": "ucost1 + (ucost1 * years1)",
    "Units": "Currency",
    "Objective": "05-01 Determine the future value of an investment made today.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Personal",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 174,
    "CHAP_KEY": 22,
    "COURSE_KEY": 174,
    "TOPIC_KEY": 23,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Simple and compound interest",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{name1} invested {ucost1} in an account that pays {interest1} simple interest. How much money will {pron1} have at the end of {years1} years?",
    "Correct": "ucost1 + (ucost1 * years1 * interest1/100)",
    "Alt_1": "ucost1 - (ucost1 * years1 * interest1/100)",
    "Alt_2": "ucost1 + (ucost1  * interest1/100)",
    "Alt_3": "ucost1 + (years1 * interest1/100)",
    "Alt_4": "ucost1 + (ucost1 * years1)",
    "Units": "Currency",
    "Objective": "05-01 Determine the future value of an investment made today.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Personal",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 175,
    "CHAP_KEY": 23,
    "COURSE_KEY": 175,
    "TOPIC_KEY": 24,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Future value - single cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{name1}'s coin collection contains {years3} silver dollars. The set was purchased in 1948 for the face value. These coins have appreciated by {interest1} annually. How much will the collection be worth in 2025?",
    "Correct": "years3 * (1 + interest1/100)**77",
    "Alt_1": "years3 * (1.1+interest1/100)**77",
    "Alt_2": "years3 * (1 + interest1/100)*77",
    "Alt_3": "(1 + interest1/100)**77",
    "Alt_4": "years3 * (1 + interest1/100)**76",
    "Units": "Currency",
    "Objective": "05-01 Determine the future value of an investment made today.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Personal",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 176,
    "CHAP_KEY": 24,
    "COURSE_KEY": 176,
    "TOPIC_KEY": 25,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Simple and compound interest",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "You invested {ucost1} at {interest1} simple interest. How much more could you have earned over a {years1}-year period if the interest had compounded annually?",
    "Correct": "(ucost1 * (1 + interest1/100)**years1) - (ucost1 + (ucost1 * years1 * interest1/100))",
    "Alt_1": "(ucost1 * (1 + interest1/100)*years1) - (ucost1 + (ucost1 * years1 * interest1/100))",
    "Alt_2": "(ucost1 * (1 + interest1/100)**years1) - (ucost1 + (ucost1 * years1))",
    "Alt_3": "(ucost1 * (1 + interest1/100)**years1) - (ucost1 + ( years1 * interest1/100))",
    "Alt_4": "(ucost1 * (1 + interest1/100)**years1) - (ucost1 * years1 * interest1/100)",
    "Units": "Currency",
    "Objective": "05-01 Determine the future value of an investment made today.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 177,
    "CHAP_KEY": 25,
    "COURSE_KEY": 177,
    "TOPIC_KEY": 26,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Simple and compound interest",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{name1} invested {ucost1} in an account that pays {interest1} simple interest. How much more could {pron1} have earned over a {years1}-year period if the interest had compounded annually?",
    "Correct": "(ucost1 * (1 + interest1/100)**years1) - (ucost1 + (ucost1 * years1 * interest1/100))",
    "Alt_1": "(ucost1 * (1 + interest1/100)*years1) - (ucost1 + (ucost1 * years1 * interest1/100))",
    "Alt_2": "(ucost1 * (1 + interest1/100)**years1) - (ucost1 + (ucost1 * years1))",
    "Alt_3": "(ucost1 * (1 + interest1/100)**years1) - (ucost1 + ( years1 * interest1/100))",
    "Alt_4": "(ucost1 * (1 + interest1/100)**years1) - (ucost1 * years1 * interest1/100)",
    "Units": "Currency",
    "Objective": "05-01 Determine the future value of an investment made today.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Personal",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 178,
    "CHAP_KEY": 26,
    "COURSE_KEY": 178,
    "TOPIC_KEY": 27,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Future value - single cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "What is the future value of {cost1} invested for {years1} years at {interest1} percent compounded annually?",
    "Correct": "cost1 * (1 + interest1/100)**years1",
    "Alt_1": "cost1 * (1 + interest1/100)*years1",
    "Alt_2": "cost1 * (interest1/100)**years1",
    "Alt_3": "cost1 * (interest1/100)**years1",
    "Alt_4": "cost1 * (1 + interest1/100)**(years1 - 1)",
    "Units": "Currency",
    "Objective": "05-01 Determine the future value of an investment made today.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 179,
    "CHAP_KEY": 27,
    "COURSE_KEY": 179,
    "TOPIC_KEY": 28,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Future value - single cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "Today, you earn a salary of {cost1}. What will be your annual salary {years1} years from now if you receive annual raises of {interest1}?",
    "Correct": "cost1 * (1 + interest1/100)**years1",
    "Alt_1": "cost1 * (1 + interest1/100)*years1",
    "Alt_2": "cost1 * (interest1/100)**years1",
    "Alt_3": "cost1 * (interest1/100)**years1",
    "Alt_4": "cost1 * (1 + interest1/100)**(years1 - 1)",
    "Units": "Currency",
    "Objective": "05-01 Determine the future value of an investment made today.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 180,
    "CHAP_KEY": 28,
    "COURSE_KEY": 180,
    "TOPIC_KEY": 29,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Future value - single cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "You own a classic car currently valued at {mcost2}. If the value increases by {interest1} annually, how much will the car be worth {years1} years from now?",
    "Correct": "mcost1 * (1 + interest1/100)**years1",
    "Alt_1": "mcost1 * (1 + interest1/100)*years1",
    "Alt_2": "mcost1 * (interest1/100)**years1",
    "Alt_3": "mcost1 * (interest1/100)**years1",
    "Alt_4": "mcost1 * (1 + interest1/100)**(years1 - 1)",
    "Units": "Currency",
    "Objective": "05-01 Determine the future value of an investment made today.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 181,
    "CHAP_KEY": 29,
    "COURSE_KEY": 181,
    "TOPIC_KEY": 30,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Future value - single cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "You hope to buy your dream car {years1} years from now. Today, that car costs {mcost1}. You expect the price to increase by an average of {interest1} per year. How much will your dream car cost by the time you are ready to buy it?",
    "Correct": "mcost1 * (1 + interest1/100)**years1",
    "Alt_1": "mcost1 * (1 + interest1/100)*years1",
    "Alt_2": "mcost1 * (interest1/100)**years1",
    "Alt_3": "mcost1 * (interest1/100)**years1",
    "Alt_4": "mcost1 * (1 + interest1/100)**(years1 - 1)",
    "Units": "Currency",
    "Objective": "05-01 Determine the future value of an investment made today.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 182,
    "CHAP_KEY": 30,
    "COURSE_KEY": 182,
    "TOPIC_KEY": 31,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Future value - single cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "This morning, {company1} invested {mcost1} to help fund future projects. How much additional money will the firm have {years1} years from now if it can earn an annual interest rate of {interest1} rather than {interest2}?",
    "Correct": "(mcost1 * (1 + interest1/100)**years1) - (mcost1 * (1 + interest2/100)**years1)",
    "Alt_1": "(mcost1 * (1 + interest2/100)**years1) - (mcost1 * (1 + interest1/100)**years1)",
    "Alt_2": "(mcost1 * (1 + interest1/100)**years1) - (mcost1 * (1 + interest2/100)**(years1-1))",
    "Alt_3": "(mcost1 * (1 + interest1/100)**(years1-1)) - (mcost1 * (1 + interest2/100)**years1)",
    "Alt_4": "(mcost1 * (1 + interest1/100)**years1) - (mcost1 * (interest2/100)**years1)",
    "Units": "Currency",
    "Objective": "05-01 Determine the future value of an investment made today.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 183,
    "CHAP_KEY": 31,
    "COURSE_KEY": 183,
    "TOPIC_KEY": 32,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Future value - single cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "You just invested {mcost1} that you received as an insurance settlement. How much more will this account be worth in {years1} years if you earn an average return of {interest1} percent rather than {interest2} percent?",
    "Correct": "(mcost1 * (1 + interest1/100)**years1) - (mcost1 * (1 + interest2/100)**years1)",
    "Alt_1": "(mcost1 * (1 + interest2/100)**years1) - (mcost1 * (1 + interest1/100)**years1)",
    "Alt_2": "(mcost1 * (1 + interest1/100)**years1) - (mcost1 * (1 + interest2/100)**(years1-1))",
    "Alt_3": "(mcost1 * (1 + interest1/100)**(years1-1)) - (mcost1 * (1 + interest2/100)**years1)",
    "Alt_4": "(mcost1 * (1 + interest1/100)**years1) - (mcost1 * (interest2/100)**years1)",
    "Units": "Currency",
    "Objective": "05-01 Determine the future value of an investment made today.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 184,
    "CHAP_KEY": 32,
    "COURSE_KEY": 184,
    "TOPIC_KEY": 33,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Future value - single cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "You have a savings account valued at {ucost1} today that earns an annual interest rate of {interest1}. How much more would this account be worth if you wait to spend the entire balance in {years1} years rather than in {years2} years?",
    "Correct": "(ucost1 * (1 + interest1/100)**years1) - (ucost1 * (1 + interest1/100)**years2)",
    "Alt_1": "(ucost1 * (1 + interest1/100)**years2) - (ucost1 * (1 + interest1/100)**years1)",
    "Alt_2": "(ucost1 * (1 + interest1/100)**years1) - (ucost1 * (interest1/100)**years2)",
    "Alt_3": "(ucost1 * (interest1/100)**years1) - (ucost1 * (1 + interest1/100)**years2)",
    "Alt_4": "(ucost1 * (1 + interest1/100)**years1) - (ucost1 * (1 + interest1/100)**(years2-1))",
    "Units": "Currency",
    "Objective": "05-01 Determine the future value of an investment made today.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 185,
    "CHAP_KEY": 33,
    "COURSE_KEY": 185,
    "TOPIC_KEY": 34,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Future value - single cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "You will receive {cost1} in two years when you graduate. You plan to invest this at an annual interest rate of {interest1}. How much money will you have {years1} years from now?",
    "Correct": "cost1 * (1 + interest1/100)**(years1-2)",
    "Alt_1": "cost1 * (1 + interest1/100)**(years1)",
    "Alt_2": "cost1 * (1 + interest1/100)**(years1+2)",
    "Alt_3": "cost1 * (1 + interest1/100)**(years1-1)",
    "Alt_4": "cost1 * (1 + interest1/100)**(years1-3)",
    "Units": "Currency",
    "Objective": "05-01 Determine the future value of an investment made today.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 186,
    "CHAP_KEY": 34,
    "COURSE_KEY": 186,
    "TOPIC_KEY": 35,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Future value - single cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "You just received a {ucost1} gift from your grandmother which you have decided to save and then gift to your children {years1} years from now. How much additional money will you gift if you earn {interest1} interest rather than {interest2} interest over the next {years1} years?",
    "Correct": "(cost1 * (1 + interest1/100)**years1) - (cost1 * (1 + interest2/100)**years1)",
    "Alt_1": "(cost1 * (1 + interest2/100)**years1) - (cost1 * (1 + interest1/100)**years1)",
    "Alt_2": "(cost1 * (1 + interest1/100)**years1) - (cost1 * (1 + interest2/100)**(years1-1))",
    "Alt_3": "(cost1 * (1 + interest1/100)**(years1-1)) - (cost1 * (1 + interest2/100)**years1)",
    "Alt_4": "(cost1 * (1 + interest1/100)**years1) - (cost1 * (interest2/100)**years1)",
    "Units": "Currency",
    "Objective": "05-01 Determine the future value of an investment made today.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 187,
    "CHAP_KEY": 35,
    "COURSE_KEY": 187,
    "TOPIC_KEY": 36,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Future value - single cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "You are depositing {ucost1} today at an annual interest rate of {interest1}. How much additional interest will you earn if you leave the money invested for {years1} years instead of {years2} years?",
    "Correct": "(ucost1 * (1 + interest1/100)**years1) - (ucost1 * (1 + interest1/100)**years2)",
    "Alt_1": "(ucost1 * (1 + interest1/100)**years2) - (ucost1 * (1 + interest1/100)**years1)",
    "Alt_2": "(ucost1 * (1 + interest1/100)**years1) - (ucost1 * (interest1/100)**years2)",
    "Alt_3": "(ucost1 * (interest1/100)**years1) - (ucost1 * (1 + interest1/100)**years2)",
    "Alt_4": "(ucost1 * (1 + interest1/100)**years1) - (ucost1 * (1 + interest1/100)**(years2-1))",
    "Units": "Currency",
    "Objective": "05-01 Determine the future value of an investment made today.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 188,
    "CHAP_KEY": 36,
    "COURSE_KEY": 188,
    "TOPIC_KEY": 37,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Future value - single cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "Today, you have two coins each of which is valued at {ucost1}. One coin is expected to appreciate by {interest1} annually while the other coin should appreciate by {interest2} annually. What will be the difference in the value of the two coins {years1} years from now?",
    "Correct": "(ucost1 * (1 + interest1/100)**years1) - (ucost1 * (1 + interest2/100)**years1)",
    "Alt_1": "(ucost1 * (1 + interest2/100)**years1) - (ucost1 * (1 + interest1/100)**years1)",
    "Alt_2": "(ucost1 * (1 + interest1/100)**years1) - (ucost1 * (1 + interest2/100)**(years1-1))",
    "Alt_3": "(ucost1 * (1 + interest1/100)**(years1-1)) - (ucost1 * (1 + interest2/100)**years1)",
    "Alt_4": "(ucost1 * (1 + interest1/100)**years1) - (ucost1 * (interest2/100)**years1)",
    "Units": "Currency",
    "Objective": "05-01 Determine the future value of an investment made today.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 189,
    "CHAP_KEY": 37,
    "COURSE_KEY": 189,
    "TOPIC_KEY": 38,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Present value - single cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "Your {relation1} invested a lump sum {years1} years ago at {interest1} annual interest. Today, {pronr1} gave you the proceeds of that investment, totalling {cost1}. How much did your {relation1} originally invest?",
    "Correct": "cost1 / ((1+ interest1/100) ** years1)",
    "Alt_1": "cost1 / ((1+ interest1/100) * years1)",
    "Alt_2": "cost1 / years1",
    "Alt_3": "cost1 / ((1.1 + interest1/100) ** years1)",
    "Alt_4": "cost1 / ((1+ interest1/100) ** (years1-1))",
    "Units": "Currency",
    "Objective": "05-02 Determine the present value of cash to be received at a future date.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 190,
    "CHAP_KEY": 38,
    "COURSE_KEY": 190,
    "TOPIC_KEY": 39,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Present value - single cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "Suppose the first comic book of a classic series was sold in 1954. In 2017, the estimated price for this comic book was {mcost2}, which is an annual return of {interest1}. For this to be true, what was the original price of the comic book in 1954?",
    "Correct": "mcost2 / ((1+ interest1/100) ** years1)",
    "Alt_1": "mcost2 / ((1+ interest1/100) * years1)",
    "Alt_2": "mcost2 / years1",
    "Alt_3": "mcost2 / ((1.1+interest1/100) ** years1)",
    "Alt_4": "mcost2 / ((1+ interest1/100) ** (years1-1))",
    "Units": "Currency",
    "Objective": "05-02 Determine the present value of cash to be received at a future date.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 191,
    "CHAP_KEY": 39,
    "COURSE_KEY": 191,
    "TOPIC_KEY": 40,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Present value - single cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "Twenty years from now, you want to spend {mcost2} for a fancy car. How much must you deposit as a lump sum today to achieve this goal at an annual interest rate of {interest1}?",
    "Correct": "mcost2 / ((1+ interest1/100) ** 20)",
    "Alt_1": "mcost2 / ((1+ interest1/100) * 20)",
    "Alt_2": "mcost2 / 20",
    "Alt_3": "mcost2 / ((1.1+interest1/100) ** 20)",
    "Alt_4": "mcost2 / ((1+ interest1/100) ** (20-1))",
    "Units": "Currency",
    "Objective": "05-02 Determine the present value of cash to be received at a future date.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 192,
    "CHAP_KEY": 40,
    "COURSE_KEY": 192,
    "TOPIC_KEY": 41,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Present value - single cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "What is the present value of {mcost2} to be received 50 years from today if the discount rate is {interest1}?",
    "Correct": "mcost2 / ((1+ interest1/100) ** 50)",
    "Alt_1": "mcost2 / ((1+ interest1/100) * 50)",
    "Alt_2": "mcost2 / 50",
    "Alt_3": "mcost2 / ((1.2+interest1/100) ** 50)",
    "Alt_4": "mcost2 / ((1+ interest1/100) ** 49)",
    "Units": "Currency",
    "Objective": "05-02 Determine the present value of cash to be received at a future date.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 193,
    "CHAP_KEY": 41,
    "COURSE_KEY": 193,
    "TOPIC_KEY": 42,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Present value - single cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "You would like to give your child {mcost2} to start a career {years1} years from now. How much money must you set aside today for this purpose if you can earn {interest1} on your investments?",
    "Correct": "mcost2 / ((1+ interest1/100) ** years1)",
    "Alt_1": "mcost2 / ((1+ interest1/100) * years1)",
    "Alt_2": "mcost2 / years1",
    "Alt_3": "mcost2 / ((1.1 + interest1/100) ** years1)",
    "Alt_4": "mcost2 / ((1+ interest1/100) ** (years1-1))",
    "Units": "Currency",
    "Objective": "05-02 Determine the present value of cash to be received at a future date.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 194,
    "CHAP_KEY": 42,
    "COURSE_KEY": 194,
    "TOPIC_KEY": 43,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Present value - single cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "You want to have {cost1} saved 5 years from now to buy a house. How much less do you have to deposit today to reach this goal if you can earn {interest1} rather than {interest2} on your savings? Today's deposit is the only deposit you will make to this savings account.",
    "Correct": "(cost1 / ((1+ interest2/100) ** 5)) - (cost1 / ((1+ interest1/100) ** 5))",
    "Alt_1": "(cost1 /  5) - (cost1 / 5)",
    "Alt_2": "(cost1 / ((interest2/100) ** 5)) - (cost1 / ((1.1+interest1/100) ** 5))",
    "Alt_3": "(cost1 / ((1+ interest2/100) * 5)) - (cost1 / ((1+ interest1/100) *5))",
    "Alt_4": "(cost1 / ((1+ interest2/100) ** 5)) + (cost1 / ((1+ interest1/100)))",
    "Units": "Currency",
    "Objective": "05-02 Determine the present value of cash to be received at a future date.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 195,
    "CHAP_KEY": 43,
    "COURSE_KEY": 195,
    "TOPIC_KEY": 44,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Present value - single cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "Your {relation1} deposited {ucost1} today at {interest1} interest for {years1} years. However, you can only earn {interest2} interest. How much more money must you deposit today than your {relation1} did if you are to have the same amount saved at the end of the {years1} years?",
    "Correct": "(ucost1 * (1+ interest1/100) ** years1) /  ((1+ interest2/100)**years1) - ucost1",
    "Alt_1": "(ucost1 * (1+ interest2/100) ** years1) /  ((1+ interest1/100)**years1) - ucost1",
    "Alt_2": "( (1+ interest1/100) ** years1) / ( (1+ interest2/100)**years1)",
    "Alt_3": "(ucost1 * (1+ interest1/100) ** years1) /  ((1+ interest2/100)*years1) - ucost1",
    "Alt_4": "(ucost1 * (1+ interest1/100) * years1) /  ((1+ interest2/100)*years1) - ucost1",
    "Units": "Currency",
    "Objective": "05-01 Determine the future value of an investment made today.; 05-02 Determine the present value of cash to be received at a future date.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 196,
    "CHAP_KEY": 44,
    "COURSE_KEY": 196,
    "TOPIC_KEY": 45,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Present value - single cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{name1} and {name2} plan on retiring 27 years from today and plan to have the same amount saved at that time. In preparation for this, {name1} is depositing {ucost1} today at an annual interest rate of {interest1}. How will {name2}'s deposit amount vary from {name1}'s if {name2} also makes a deposit today but earns an annual interest rate of {interest2}?",
    "Correct": "(ucost1 * (1+ interest1/100) ** years1) / ( (1+ interest2/100)**years1) - ucost1",
    "Alt_1": "(ucost1 * (1+ interest2/100) ** years1) /  ((1+ interest1/100)**years1) - ucost1",
    "Alt_2": "((1+ interest1/100) ** years1) /  ((1+ interest2/100)**years1)",
    "Alt_3": "(ucost1 * (1+ interest1/100) ** years1) /  ((1+ interest2/100)*years1) - ucost1",
    "Alt_4": "(ucost1 * (1+ interest1/100) * years1) /  ((1+ interest2/100)*years1) - ucost1",
    "Units": "Currency",
    "Objective": "05-01 Determine the future value of an investment made today.; 05-02 Determine the present value of cash to be received at a future date.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Personal",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 197,
    "CHAP_KEY": 45,
    "COURSE_KEY": 197,
    "TOPIC_KEY": 46,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Present value - single cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "When you retire {years1} years from now, you want to have {mcost1} saved. You think you can earn an average of {interest1} on your investments. To meet your goal, you are trying to decide whether to deposit a lump sum today, or to wait and deposit a lump sum two years from today to fund this goal. How much more will you have to deposit if you wait for two years before making the deposit?",
    "Correct": "(mcost1  /  (1+ interest1/100)**(years1 - 2)) - (mcost1  /  (1+ interest1/100)**(years1))",
    "Alt_1": "(mcost1  /  (1+ interest1/100)*(years1-2)) - (mcost1  /  (1+ interest1/100)*(years1))",
    "Alt_2": "(mcost1  /  (1+ interest1/100)**(years1-1)) - (mcost1  /  (1+ interest1/100)**(years1))",
    "Alt_3": "(mcost1  /  (1+ interest1/100)**(years1-2)) + (mcost1  /  (1+ interest1/100)*(years1))",
    "Alt_4": "(mcost1  /  (interest1/100)**(years1-2)) - (mcost1  /  (1 + interest1/100)**(years1))",
    "Units": "Currency",
    "Objective": "05-02 Determine the present value of cash to be received at a future date.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 198,
    "CHAP_KEY": 46,
    "COURSE_KEY": 198,
    "TOPIC_KEY": 47,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "",
    "Type": "Comp",
    "Difficulty": "#VALUE!",
    "QTYPE": "MCQ",
    "Question": "{name1} wants to have {cost1} for a down payment on a house five years from now. He can either deposit one lump sum today or he can wait one year and deposit a lump sum. Assume an annual interest rate of {interest1} percent. How much additional money must he deposit if he waits for one year rather than making the deposit today?",
    "Correct": "(cost1  /  (1+ interest1/100)**(5-1)) - (cost1  /  (1+ interest1/100)**(5))",
    "Alt_1": "(cost1  /  (1+ interest1/100)*(4)) - (cost1  /  (1+ interest1/100)*(5))",
    "Alt_2": "(cost1  /  (1+ interest1/100)**(4)) - (cost1  /  (1+ interest1/100)**(5))",
    "Alt_3": "(cost1  /  (1+ interest1/100)**(4)) + (cost1  /  (1+ interest1/100)*(5))",
    "Alt_4": "(mcost1  /  (interest1/100)**(4)) - (mcost1  /  (1 + interest1/100)**(5))",
    "Units": "Currency",
    "Objective": "05-02 Determine the present value of cash to be received at a future date.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Personal",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 199,
    "CHAP_KEY": 47,
    "COURSE_KEY": 199,
    "TOPIC_KEY": 48,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Present value - single cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} has an unfunded pension liability of {mcost1} that must be paid in {years1} years. What is the present value of this liability at a discount rate of {interest1}?",
    "Correct": "mcost1/((1 + interest1/100)**years1)",
    "Alt_1": "mcost1/((1 + interest1/100)*years1)",
    "Alt_2": "mcost1 * ((interest1/100)**years1)",
    "Alt_3": "mcost1/((1 + interest1/100)**(years1 - 1))",
    "Alt_4": "mcost1 * ((1 + interest1/100)*(years1 -1))",
    "Units": "Currency",
    "Objective": "05-02 Determine the present value of cash to be received at a future date.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 200,
    "CHAP_KEY": 48,
    "COURSE_KEY": 200,
    "TOPIC_KEY": 49,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Present value - single cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "You have just received notification that you have won the {mcost1} first prize in the Lottery. However, the prize will be awarded {years1} years from now. The appropriate discount rate is {interest1}. What is the present value of your winnings before taxes?",
    "Correct": "mcost1/((1 + interest1/100)**years1)",
    "Alt_1": "mcost1/((1 + interest1/100)*years1)",
    "Alt_2": "mcost1 * ((interest1/100)**years1)",
    "Alt_3": "mcost1/((1 + interest1/100)**(years1 - 1))",
    "Alt_4": "mcost1 * ((1 + interest1/100)*(years1 -1))",
    "Units": "Currency",
    "Objective": "05-02 Determine the present value of cash to be received at a future date.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 201,
    "CHAP_KEY": 49,
    "COURSE_KEY": 201,
    "TOPIC_KEY": 50,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Time value of money",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "One year ago, you invested {ucost1}. Today it is worth {ucost2}. What rate of interest did you earn?",
    "Correct": "((ucost2 - ucost1) / ucost1) * 100",
    "Alt_1": "((ucost2 + ucost1) / ucost1) * 100",
    "Alt_2": "((ucost2 - ucost1) / (ucost1 +ucost1)) * 100",
    "Alt_3": "(ucost2 / ucost1) * 100",
    "Alt_4": "((ucost2 - ucost1) / ucost2) * 100",
    "Units": "percent",
    "Objective": "05-03 Find the return on an investment.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 202,
    "CHAP_KEY": 50,
    "COURSE_KEY": 202,
    "TOPIC_KEY": 51,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Time value of money",
    "Type": "SA",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "According to the Rule of 72, you can do which one of the following?",
    "Correct": "Approximately double your money in 11 years at 6.55 percent interest",
    "Alt_1": "Approximately double your money in five years at 7.24 percent interest",
    "Alt_2": "Double your money in 7.2 years at 8 percent interest",
    "Alt_3": "Triple your money in 7.2 years at 7.2 percent interest",
    "Alt_4": "Approximately triple your money in 7.2 years at 10 percent interest",
    "Units": "",
    "Objective": "05-03 Find the return on an investment.",
    "Blooms": "Apply",
    "Accreditation": "AACSB",
    "Taxonomy": "Knowledge Application",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 203,
    "CHAP_KEY": 51,
    "COURSE_KEY": 203,
    "TOPIC_KEY": 52,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Time value of money",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "Your {relation1} invested {cost1} {years3} years ago. Today, that investment is worth {cost3}. What is the average annual rate of return {pronr1} earned on this investment?",
    "Correct": "(((cost3/cost1)**(1/years3)) - 1) * 100",
    "Alt_1": "(((cost3/cost2)**(1/years3)) - 1) * 100",
    "Alt_2": "(((cost3/cost1)**(1/years2)) - 1) * 100",
    "Alt_3": "(((cost3/cost1)**(1/years2)) - 1) * 90",
    "Alt_4": "(((cost3/cost1)**(1/years3)) - 1) * 90",
    "Units": "percent",
    "Objective": "05-03 Find the return on an investment.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 204,
    "CHAP_KEY": 52,
    "COURSE_KEY": 204,
    "TOPIC_KEY": 53,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Time value of money",
    "Type": "SA",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "Four years ago, {name1} invested {ucost1}. Three years ago, {name2} invested {ucost2}. Today, these two investments are each worth {ucost3}. Assume each account continues to earn its respective rate of return. Which one of the following statements is correct concerning these investments?",
    "Correct": "One year ago, {name1}'s investment was worth less than {name2}'s investment.",
    "Alt_1": "Three years from today, {name2}'s investment will be worth more than {name1}'s.",
    "Alt_2": "{name2} earns a higher rate of return than {name1}.",
    "Alt_3": "{name2} has earned an average annual interest rate of {interest1} percent.",
    "Alt_4": "{name1} has earned an average annual interest rate of {interest2} percent.",
    "Units": "",
    "Objective": "05-03 Find the return on an investment.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Personal",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 205,
    "CHAP_KEY": 53,
    "COURSE_KEY": 205,
    "TOPIC_KEY": 54,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Time value of money",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} is saving money to build a new loading platform. Three years ago, they set aside {cost2} for this purpose. Today, that account is worth {cost3}. What rate of interest is Towne Station earning on this investment?",
    "Correct": "(((cost3/cost2)**(1/3)) - 1) * 100",
    "Alt_1": "(((cost3/cost1)**(1/3)) - 1) * 100",
    "Alt_2": "(((cost3/cost2)**(1/3)) - 1) * 110",
    "Alt_3": "(((cost3/cost2)**(1/3)) - 1) * 90",
    "Alt_4": "(((cost3/cost2)**(1/4)) - 1) * 100",
    "Units": "percent",
    "Objective": "05-03 Find the return on an investment.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 206,
    "CHAP_KEY": 54,
    "COURSE_KEY": 206,
    "TOPIC_KEY": 55,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Time value of money",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "Ten years ago, {company1} set aside {mcost6} in case of a financial emergency. Today, that account has increased in value to {mcost5}. What rate of interest is the firm earning on this money?",
    "Correct": "(((mcost5/mcost6)**(1/10)) - 1) * 100",
    "Alt_1": "(((mcost5/mcost6)**(1/10)) - 1) * 90",
    "Alt_2": "(((mcost5/mcost6)**(1/10)) - 1) * 110",
    "Alt_3": "(((mcost5/mcost6)**(1/10)) - 1) * 115",
    "Alt_4": "(((mcost5/mcost6)**(1/10)) - 1) * 85",
    "Units": "percent",
    "Objective": "05-03 Find the return on an investment.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 207,
    "CHAP_KEY": 55,
    "COURSE_KEY": 207,
    "TOPIC_KEY": 56,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Time value of money",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "Your parents set aside {ucost3} {years2} years ago to help fund your college education. Today, that fund is valued at {cost1}. What rate of interest is being earned on this account?",
    "Correct": "(((cost1/ucost3)**(1/years2)) - 1) * 100",
    "Alt_1": "(((cost1/ucost3)**(1/years1)) - 1) * 100",
    "Alt_2": "(((cost1/ucost3)**(1/years2)) - 1) * 90",
    "Alt_3": "(((cost1/ucost3)**(1/years2)) - 1) * 110",
    "Alt_4": "(((cost1/ucost3)**(1/years2)) - 1) * 120",
    "Units": "percent",
    "Objective": "05-03 Find the return on an investment.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Family",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 208,
    "CHAP_KEY": 56,
    "COURSE_KEY": 208,
    "TOPIC_KEY": 57,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Time value of money",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "Some time ago, {name1} purchased two acres of land costing {cost3}. Today, that land is valued at {cost2}. How long has {pron1} owned this land if the price of the land has been decreasing by {interest1} per year?",
    "Correct": "abs(math.log10(cost3/cost2) / math.log10(1-interest1/100))",
    "Alt_1": "abs(math.log10(cost3/cost2) / math.log10(1-interest1/100)*.9)",
    "Alt_2": "abs((math.log10(cost3/cost2) / math.log10(1-interest1/100))*.8)",
    "Alt_3": "abs((math.log10(cost3/cost2) / math.log10(1-interest1/100))*1.15)",
    "Alt_4": "abs((math.log10(cost3/cost2) / math.log10(1-interest1/100))*1.5)",
    "Units": "years",
    "Objective": "05-04 Calculate how long it takes for an investment to reach a desired value.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Personal",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 209,
    "CHAP_KEY": 57,
    "COURSE_KEY": 209,
    "TOPIC_KEY": 58,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Time value of money",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "On your tenth birthday, you received {ucost1} which you invested at {interest1} interest, compounded annually. Your investment is now worth {ucost3}. How old are you today?",
    "Correct": "int(10+abs(math.log10(cost3/cost1) / math.log10(1-interest1/100)))",
    "Alt_1": "int(9+abs(math.log10(cost3/cost1) / math.log10(1-interest1/100)))",
    "Alt_2": "int(8+abs((math.log10(cost3/cost1) / math.log10(1-interest1/100))))",
    "Alt_3": "int(12+abs((math.log10(cost3/cost1) / math.log10(1-interest1/100))))",
    "Alt_4": "int(11+abs((math.log10(cost3/cost1) / math.log10(1-interest1/100))))",
    "Units": "years",
    "Objective": "05-04 Calculate how long it takes for an investment to reach a desired value.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 210,
    "CHAP_KEY": 58,
    "COURSE_KEY": 210,
    "TOPIC_KEY": 59,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Time value of money",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "Assume the total cost of a college education will be {mcost3} when your child enters college in {years3} years. You presently have {mcost5} to invest for this purpose. What rate of interest must you earn to cover the cost of your child's college education?",
    "Correct": "(((mcost3/mcost5)**(1/years3)) - 1)*100",
    "Alt_1": "(((mcost3/mcost5)**(1/(years3-1))) - 1)*100",
    "Alt_2": "(((mcost3/mcost5)**(1/(years3+1))) - 1)*100",
    "Alt_3": "((((mcost3/mcost5)**(1/years3)) - 1)*.9)*100",
    "Alt_4": "(((mcost3/mcost5)**(1/years3)) - 1)*110",
    "Units": "percent",
    "Objective": "05-03 Find the return on an investment.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 211,
    "CHAP_KEY": 59,
    "COURSE_KEY": 211,
    "TOPIC_KEY": 60,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Time value of money",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "At {interest1} interest, how long would it take to triple your money?",
    "Correct": "(math.log10(3)/math.log10(1+(interest1/100)))",
    "Alt_1": "(math.log10(2)/math.log10(1+(interest1/100)))",
    "Alt_2": "(math.log10(4)/math.log10(1+(interest1/100)))",
    "Alt_3": "(math.log10(3)/math.log10(1+(interest1/90)))",
    "Alt_4": "(math.log10(3)/math.log10(1+(interest1/120)))",
    "Units": "years",
    "Objective": "05-04 Calculate how long it takes for an investment to reach a desired value.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 212,
    "CHAP_KEY": 60,
    "COURSE_KEY": 212,
    "TOPIC_KEY": 61,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Time value of money",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "Assume the average vehicle selling price in the United States last year was {cost3}. The average price {years1} years earlier was {cost2}. What was the annual increase in the selling price over this time period?",
    "Correct": "(((cost3/cost1)**(1/years1)) - 1)*100",
    "Alt_1": "(((cost3/cost1)**(1/(years1-1))) - 1)*100",
    "Alt_2": "(((cost3/cost1)**(1/(years1+1))) - 1)*100",
    "Alt_3": "(((cost3/cost1)**(1/years1)) - 1)*110",
    "Alt_4": "(((cost3/cost1)**(1/years1)) - 1)*90",
    "Units": "percent",
    "Objective": "05-03 Find the return on an investment.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 213,
    "CHAP_KEY": 61,
    "COURSE_KEY": 213,
    "TOPIC_KEY": 62,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Time value of money",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "You're trying to save to buy a new {cost3} sports car. Currently, you have saved {cost2} which is invested at {interest1} annual interest. How many years will it be before you purchase the car, assuming the price of the car remains constant?",
    "Correct": "(math.log10(cost3/cost2)/math.log10(1+(interest1/100)))",
    "Alt_1": "(math.log10(cost3/cost2)/math.log10(1+(interest1/100)))*.8",
    "Alt_2": "(math.log10(cost3/cost2)/math.log10(1+(interest1/100)))*1.2",
    "Alt_3": "(math.log10(cost3/cost2)/math.log10(1+(interest1/100)))*.9",
    "Alt_4": "(math.log10(cost3/cost2)/math.log10(1+(interest1/100)))*1.1",
    "Units": "years",
    "Objective": "05-04 Calculate how long it takes for an investment to reach a desired value.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 214,
    "CHAP_KEY": 62,
    "COURSE_KEY": 214,
    "TOPIC_KEY": 63,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Time value of money",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "In 1910, the winner of a competition was paid $100. In 2021, the winner's prize was {mcost6}. What will the winner's prize be in 2040 if the prize continues increasing at the same rate? (Do not round intermediate calculations. Round your answer to the nearest $1,000.)",
    "Correct": "round(mcost6 * (1 + (((mcost6/100)**(1/111)) - 1))**19,-3)",
    "Alt_1": "round(mcost6 * (1 + (((mcost6/100)**(1/112)) - 1))**19,-3)",
    "Alt_2": "round(mcost6 * (1 + (((mcost6/100)**(1/111)) - 1))**20,-3)",
    "Alt_3": "round(mcost6 * (1 + (((mcost6/100)**(1/110)) - 1))**19,-3)",
    "Alt_4": "round(mcost6 * (1 + (((mcost6/100)**(1/111)) - 1))**18,-3)",
    "Units": "Currency",
    "Objective": "05-01 Determine the future value of an investment made today.; 05-03 Find the return on an investment.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 215,
    "CHAP_KEY": 63,
    "COURSE_KEY": 215,
    "TOPIC_KEY": 64,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Time value of money",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "You will receive {ucost1} at graduation 3 years from now. You plan on investing this money at 5% annual interest until you have accumulated $50,000. How many years from today will it be when this occurs?",
    "Correct": "(math.log10(50000/ucost1)/math.log10(1.05))+3",
    "Alt_1": "(math.log10(50000/ucost1)/math.log10(1.05))*1.1",
    "Alt_2": "(math.log10(50000/ucost1)/math.log10(1.05)) + 2.3",
    "Alt_3": "(math.log10(50000/ucost1)/math.log10(1.05)) +1.5",
    "Alt_4": "(math.log10(50000/ucost1)/math.log10(1.05))*1.2",
    "Units": "years",
    "Objective": "05-04 Calculate how long it takes for an investment to reach a desired value.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 216,
    "CHAP_KEY": 0,
    "COURSE_KEY": 216,
    "TOPIC_KEY": 1,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Net present value",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "A project has a net present value of zero. Which one of the following best describes this project?",
    "Correct": "The project's cash inflows equal its cash outflows in current dollar terms.",
    "Alt_1": "The project has a zero percent rate of return.",
    "Alt_2": "The project requires no initial cash investment.",
    "Alt_3": "The project has no cash flows.",
    "Alt_4": "The summation of all of the project's cash flows is zero.",
    "Units": "",
    "Objective": "09-01 Show the reasons why the net present value criterion is the best way to evaluate proposed investments.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 217,
    "CHAP_KEY": 1,
    "COURSE_KEY": 217,
    "TOPIC_KEY": 2,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Net present value",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following will decrease the net present value of a project?",
    "Correct": "Increasing the project's initial cost at time zero",
    "Alt_1": "Increasing the value of each of the project's discounted cash inflows",
    "Alt_2": "Moving each cash inflow forward one time period, such as from Year 3 to Year 2",
    "Alt_3": "Decreasing the required discount rate",
    "Alt_4": "Increasing the amount of the final cash inflow",
    "Units": "",
    "Objective": "09-01 Show the reasons why the net present value criterion is the best way to evaluate proposed investments.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 218,
    "CHAP_KEY": 2,
    "COURSE_KEY": 218,
    "TOPIC_KEY": 3,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Net present value",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following methods predicts the amount by which the value of a firm will change if a project is accepted?",
    "Correct": "Net present value",
    "Alt_1": "Discounted payback",
    "Alt_2": "Internal rate of return",
    "Alt_3": "Profitability index",
    "Alt_4": "Payback",
    "Units": "",
    "Objective": "09-01 Show the reasons why the net present value criterion is the best way to evaluate proposed investments.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 219,
    "CHAP_KEY": 3,
    "COURSE_KEY": 219,
    "TOPIC_KEY": 4,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Net present value",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "If a project has a net present value equal to zero, then:",
    "Correct": "the project earns a return exactly equal to the discount rate.",
    "Alt_1": "the total of the cash inflows must equal the initial cost of the project.",
    "Alt_2": "a decrease in the project's initial cost will cause the project to have a negative NPV.",
    "Alt_3": "any delay in receiving the projected cash inflows will cause the project to have a positive NPV.",
    "Alt_4": "the project's PI must also be equal to zero.",
    "Units": "",
    "Objective": "09-01 Show the reasons why the net present value criterion is the best way to evaluate proposed investments.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 220,
    "CHAP_KEY": 4,
    "COURSE_KEY": 220,
    "TOPIC_KEY": 5,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Net present value",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "{company1} is analyzing a project that requires {mcost1} of fixed assets. When the project ends, those assets are expected to have an aftertax salvage value of {cost1}. How is the {cost1} salvage value handled when computing the net present value of the project?",
    "Correct": "Cash inflow in the final year of the project",
    "Alt_1": "Reduction in the cash outflow at Time 0",
    "Alt_2": "Cash inflow for the year following the final year of the project",
    "Alt_3": "Cash inflow prorated over the life of the project",
    "Alt_4": "Excluded from the net present value calculation",
    "Units": "",
    "Objective": "09-01 Show the reasons why the net present value criterion is the best way to evaluate proposed investments.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 221,
    "CHAP_KEY": 5,
    "COURSE_KEY": 221,
    "TOPIC_KEY": 6,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Net present value",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "The net present value of a project will increase if:",
    "Correct": "the aftertax salvage value of the fixed assets increases.",
    "Alt_1": "the required rate of return increases.",
    "Alt_2": "the initial capital requirement increases.",
    "Alt_3": "some of the cash inflows are deferred until a later year.",
    "Alt_4": "the final cash inflow decreases.",
    "Units": "",
    "Objective": "09-01 Show the reasons why the net present value criterion is the best way to evaluate proposed investments.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 222,
    "CHAP_KEY": 6,
    "COURSE_KEY": 222,
    "TOPIC_KEY": 7,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Net present value",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Net present value:",
    "Correct": "is the best method of analyzing mutually exclusive projects.",
    "Alt_1": "is less useful than the internal rate of return when comparing different-sized projects.",
    "Alt_2": "is the easiest method of evaluation for nonfinancial managers.",
    "Alt_3": "cannot be applied when comparing mutually exclusive projects.",
    "Alt_4": "is very similar in its methodology to the average accounting return.",
    "Units": "",
    "Objective": "09-01 Show the reasons why the net present value criterion is the best way to evaluate proposed investments.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 223,
    "CHAP_KEY": 7,
    "COURSE_KEY": 223,
    "TOPIC_KEY": 8,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Net present value",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "A project has an initial cost of $31,800 and a market value of $29,600. What is the difference between these two values called?",
    "Correct": "Net present value",
    "Alt_1": "Accounting return",
    "Alt_2": "Payback value",
    "Alt_3": "Profitability index",
    "Alt_4": "Discounted payback",
    "Units": "",
    "Objective": "09-01 Show the reasons why the net present value criterion is the best way to evaluate proposed investments.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 224,
    "CHAP_KEY": 8,
    "COURSE_KEY": 224,
    "TOPIC_KEY": 9,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Net present value",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following methods of project analysis is defined as computing the value of a project based on the present value of the project's anticipated cash flows?",
    "Correct": "Discounted cash flow valuation",
    "Alt_1": "Constant dividend growth model",
    "Alt_2": "Average accounting return",
    "Alt_3": "Expected earnings model",
    "Alt_4": "Internal rate of return",
    "Units": "",
    "Objective": "09-01 Show the reasons why the net present value criterion is the best way to evaluate proposed investments.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 225,
    "CHAP_KEY": 9,
    "COURSE_KEY": 225,
    "TOPIC_KEY": 10,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Payback",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "The length of time a firm must wait to recoup the money it has invested in a project is called the:",
    "Correct": "payback period.",
    "Alt_1": "internal return period.",
    "Alt_2": "profitability period.",
    "Alt_3": "discounted cash period.",
    "Alt_4": "valuation period.",
    "Units": "",
    "Objective": "09-02 Discuss the payback rule and some of its shortcomings.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 226,
    "CHAP_KEY": 10,
    "COURSE_KEY": 226,
    "TOPIC_KEY": 11,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Payback",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Why is payback often used as the sole method of analyzing a proposed small project?",
    "Correct": "The benefits of payback analysis usually outweigh the costs of the analysis.",
    "Alt_1": "Payback considers the time value of money.",
    "Alt_2": "All relevant cash flows are included in the payback analysis.",
    "Alt_3": "Payback is the most desirable of the various financial methods of analysis.",
    "Alt_4": "Payback is focused on the long-term impact of a project.",
    "Units": "",
    "Objective": "09-02 Discuss the payback rule and some of its shortcomings.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 227,
    "CHAP_KEY": 11,
    "COURSE_KEY": 227,
    "TOPIC_KEY": 12,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Payback",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which of the following are advantages of the payback method of project analysis?",
    "Correct": "Liquidity bias, ease of use",
    "Alt_1": "Considers time value of money, liquidity bias",
    "Alt_2": "Liquidity bias, arbitrary cutoff point",
    "Alt_3": "Ignores time value of money, ease of use",
    "Alt_4": "Ease of use, arbitrary cutoff point",
    "Units": "",
    "Objective": "09-02 Discuss the payback rule and some of its shortcomings.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 228,
    "CHAP_KEY": 12,
    "COURSE_KEY": 228,
    "TOPIC_KEY": 13,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Payback",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "{company1} has a required payback period of three years for all of its projects. Currently, the firm is analyzing two independent projects. Project A has an expected payback period of 2.9 years and a net present value of $4,200. Project B has an expected payback period of 3.1 years with a net present value of $26,400. Which project(s) should be accepted based on the payback decision rule?",
    "Correct": "Project A only",
    "Alt_1": "Project B only",
    "Alt_2": "Both A and B",
    "Alt_3": "Neither A nor B",
    "Alt_4": "Either, but not both projects",
    "Units": "",
    "Objective": "09-02 Discuss the payback rule and some of its shortcomings.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 229,
    "CHAP_KEY": 13,
    "COURSE_KEY": 229,
    "TOPIC_KEY": 14,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Payback",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "A project has a required payback period of three years. Which one of the following statements is correct concerning the payback analysis of this project?",
    "Correct": "The cash flow in Year 2 is valued just as highly as the cash flow in Year 1.",
    "Alt_1": "The cash flows in each of the three years must exceed one-third of the project's initial cost if the project is to be accepted.",
    "Alt_2": "The cash flow in Year 3 is ignored.",
    "Alt_3": "The project's cash flow in Year 3 is discounted by a factor of (1 + R)3.",
    "Alt_4": "The project is acceptable whenever the payback period exceeds three years.",
    "Units": "",
    "Objective": "09-02 Discuss the payback rule and some of its shortcomings.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 230,
    "CHAP_KEY": 14,
    "COURSE_KEY": 230,
    "TOPIC_KEY": 15,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Discounted payback",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "A project has a discounted payback period that is equal to the required payback period. Given this, the project:",
    "Correct": "must have a profitability index that is equal to or greater than 1.0.",
    "Alt_1": "will not be acceptable under the payback rule.",
    "Alt_2": "must have a zero net present value.",
    "Alt_3": "must have an internal rate of return equal to the required return.",
    "Alt_4": "will still be acceptable if the discount rate is increased.",
    "Units": "",
    "Objective": "09-03 Discuss the discounted payback rule and some of its shortcomings.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 231,
    "CHAP_KEY": 15,
    "COURSE_KEY": 231,
    "TOPIC_KEY": 16,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Discounted payback",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of these statements related to discounted payback is correct?",
    "Correct": "Discounted payback is biased towards short-term projects.",
    "Alt_1": "Payback is a better method of analysis than discounted payback.",
    "Alt_2": "Discounted payback is used more frequently in business than payback.",
    "Alt_3": "Discounted payback does not require a cutoff point.",
    "Alt_4": "The discounted payback period increases as the discount rate decreases.",
    "Units": "",
    "Objective": "09-03 Discuss the discounted payback rule and some of its shortcomings.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 232,
    "CHAP_KEY": 16,
    "COURSE_KEY": 232,
    "TOPIC_KEY": 17,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Discounted payback",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Applying the discounted payback decision rule to all projects may cause:",
    "Correct": "some positive net present value projects to be rejected.",
    "Alt_1": "the most liquid projects to be rejected in favor of the less liquid projects.",
    "Alt_2": "projects to be incorrectly accepted due to ignoring the time value of money.",
    "Alt_3": "a firm to become more long-term focused.",
    "Alt_4": "some projects to be accepted which would otherwise be rejected under the payback rule.",
    "Units": "",
    "Objective": "09-03 Discuss the discounted payback rule and some of its shortcomings.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 233,
    "CHAP_KEY": 17,
    "COURSE_KEY": 233,
    "TOPIC_KEY": 18,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Discounted payback",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "The length of time a firm must wait to recoup, in present value terms, the money it has invested in a project is referred to as the:",
    "Correct": "discounted payback period.",
    "Alt_1": "net present value period.",
    "Alt_2": "internal return period.",
    "Alt_3": "payback period.",
    "Alt_4": "discounted profitability period.",
    "Units": "",
    "Objective": "09-03 Discuss the discounted payback rule and some of its shortcomings.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 234,
    "CHAP_KEY": 18,
    "COURSE_KEY": 234,
    "TOPIC_KEY": 19,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Average accounting return",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "A project's average net income divided by its average book value is referred to as the project's average:",
    "Correct": "accounting return.",
    "Alt_1": "net present value.",
    "Alt_2": "internal rate of return.",
    "Alt_3": "profitability index.",
    "Alt_4": "payback period.",
    "Units": "",
    "Objective": "09-04 Explain accounting rates of return and some of the problems with them.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 235,
    "CHAP_KEY": 19,
    "COURSE_KEY": 235,
    "TOPIC_KEY": 20,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Average accounting return",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "The average accounting rate of return (AAR):",
    "Correct": "is similar to the return on assets ratio.",
    "Alt_1": "considers the time value of money.",
    "Alt_2": "measures net income as a percentage of the sales generated by a project.",
    "Alt_3": "is the best method of financially analyzing mutually exclusive projects.",
    "Alt_4": "is the primary methodology used in analyzing independent projects.",
    "Units": "",
    "Objective": "09-04 Explain accounting rates of return and some of the problems with them.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 236,
    "CHAP_KEY": 20,
    "COURSE_KEY": 236,
    "TOPIC_KEY": 21,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Average accounting return",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "An advantage of the average accounting return method of analysis is its:",
    "Correct": "use of easily obtained information.",
    "Alt_1": "inclusion of time value of money considerations.",
    "Alt_2": "use of a cutoff rate as a benchmark.",
    "Alt_3": "use of pretax income in its computation.",
    "Alt_4": "use of real, versus nominal, average income.",
    "Units": "",
    "Objective": "09-04 Explain accounting rates of return and some of the problems with them.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 237,
    "CHAP_KEY": 21,
    "COURSE_KEY": 237,
    "TOPIC_KEY": 22,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Average accounting return",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "A strength of the average accounting return (AAR) method of project analysis is the fact that AAR:",
    "Correct": "is easy to calculate.",
    "Alt_1": "ignores the issue of taxes.",
    "Alt_2": "uses a cutoff rate.",
    "Alt_3": "considers the time value of money.",
    "Alt_4": "is based on accounting values.",
    "Units": "",
    "Objective": "09-04 Explain accounting rates of return and some of the problems with them.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 238,
    "CHAP_KEY": 22,
    "COURSE_KEY": 238,
    "TOPIC_KEY": 23,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Internal rate of return",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following statements related to the internal rate of return (IRR) is correct?",
    "Correct": "The IRR is equal to the required return when the net present value is equal to zero.",
    "Alt_1": "The IRR yields the same accept and reject decisions as the net present value method given mutually exclusive projects.",
    "Alt_2": "A project with an IRR equal to the required return would reduce the value of a firm if accepted.",
    "Alt_3": "Financing type projects should be accepted if the IRR exceeds the required return.",
    "Alt_4": "The average accounting return is a better method of analysis than the IRR from a financial point of view.",
    "Units": "",
    "Objective": "09-05 Present the internal rate of return criterion and its strengths and weaknesses.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 239,
    "CHAP_KEY": 23,
    "COURSE_KEY": 239,
    "TOPIC_KEY": 24,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Internal rate of return",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "The internal rate of return:",
    "Correct": "is easy to understand.",
    "Alt_1": "may produce multiple rates of return when cash flows are conventional.",
    "Alt_2": "is best used when comparing mutually exclusive projects.",
    "Alt_3": "is rarely used in the business world today.",
    "Alt_4": "is principally used to evaluate small dollar projects.",
    "Units": "",
    "Objective": "09-05 Present the internal rate of return criterion and its strengths and weaknesses.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 240,
    "CHAP_KEY": 24,
    "COURSE_KEY": 240,
    "TOPIC_KEY": 25,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Internal rate of return",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "{company1} has analyzed a proposed expansion project and determined that the internal rate of return is lower than the firm desires. Which one of the following changes to the project would be most expected to increase the project's internal rate of return?",
    "Correct": "Condensing the firm's cash inflows into fewer years without lowering the total amount of those inflows",
    "Alt_1": "Decreasing the required discount rate",
    "Alt_2": "Increasing the initial investment in fixed assets",
    "Alt_3": "Eliminating the salvage value",
    "Alt_4": "Decreasing the amount of the final cash inflow",
    "Units": "",
    "Objective": "09-05 Present the internal rate of return criterion and its strengths and weaknesses.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 241,
    "CHAP_KEY": 25,
    "COURSE_KEY": 241,
    "TOPIC_KEY": 26,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Internal rate of return",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "The internal rate of return is:",
    "Correct": "tedious to compute without the use of either a financial calculator or a computer.",
    "Alt_1": "the discount rate that makes the net present value of a project equal to the initial cash outlay.",
    "Alt_2": "equivalent to the discount rate that makes the net present value equal to one.",
    "Alt_3": "highly dependent upon the current interest rates offered in the marketplace.",
    "Alt_4": "a better methodology than net present value when dealing with unconventional cash flows.",
    "Units": "",
    "Objective": "09-05 Present the internal rate of return criterion and its strengths and weaknesses.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 242,
    "CHAP_KEY": 26,
    "COURSE_KEY": 242,
    "TOPIC_KEY": 27,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Internal rate of return",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "The IRR that causes the net present value of the differences between two project's cash flows to equal zero is called the:",
    "Correct": "crossover rate.",
    "Alt_1": "required return.",
    "Alt_2": "zero-sum rate.",
    "Alt_3": "present value rate.",
    "Alt_4": "break-even rate.",
    "Units": "",
    "Objective": "09-05 Present the internal rate of return criterion and its strengths and weaknesses.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 243,
    "CHAP_KEY": 27,
    "COURSE_KEY": 243,
    "TOPIC_KEY": 28,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Internal rate of return",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "{company1} is considering two mutually exclusive projects, Projects A and B, and has determined that the crossover rate for these projects is 11.7 percent. Given this you know that:",
    "Correct": "the project that is acceptable at a discount rate of 11 percent should be rejected at a discount rate of 12 percent.",
    "Alt_1": "neither project will be accepted if the discount rate is less than 11.7 percent.",
    "Alt_2": "both projects have a negative NPV at discount rates greater than 11.7 percent.",
    "Alt_3": "both projects provide an internal rate of return of 11.7 percent.",
    "Alt_4": "both projects have a zero NPV at a discount rate of 11.7 percent.",
    "Units": "",
    "Objective": "09-05 Present the internal rate of return criterion and its strengths and weaknesses.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 244,
    "CHAP_KEY": 28,
    "COURSE_KEY": 244,
    "TOPIC_KEY": 29,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Internal rate of return",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "You are comparing two mutually exclusive projects. The crossover point is 12.3 percent. You have determined that you should accept project A if the required return is 13.1 percent. This implies you should:",
    "Correct": "always accept Project A if the required return exceeds the crossover rate.",
    "Alt_1": "always accept Project A.",
    "Alt_2": "be indifferent to the projects at any discount rate above 13.1 percent.",
    "Alt_3": "accept Project B only when the required return is equal to the crossover rate.",
    "Alt_4": "accept Project B if the required return is less than 13.1 percent.",
    "Units": "",
    "Objective": "09-05 Present the internal rate of return criterion and its strengths and weaknesses.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 245,
    "CHAP_KEY": 29,
    "COURSE_KEY": 245,
    "TOPIC_KEY": 30,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Internal rate of return",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Graphing the crossover point helps explain:",
    "Correct": "how decisions concerning mutually exclusive projects are derived.",
    "Alt_1": "why one project is always superior to another project.",
    "Alt_2": "how the duration of a project affects the decision as to which project to accept.",
    "Alt_3": "how the net present value and the initial cash outflow of a project are related.",
    "Alt_4": "how the profitability index and the net present value are related.",
    "Units": "",
    "Objective": "09-05 Present the internal rate of return criterion and its strengths and weaknesses.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 246,
    "CHAP_KEY": 30,
    "COURSE_KEY": 246,
    "TOPIC_KEY": 31,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Project analysis and evaluation",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "A project with financing type cash flows is typified by a project that has which one of the following characteristics?",
    "Correct": "A cash inflow at Time 0",
    "Alt_1": "Conventional cash flows",
    "Alt_2": "Cash flows that extend beyond the acceptable payback period",
    "Alt_3": "One year or more in the middle of a project where the cash flows are equal to zero",
    "Alt_4": "Cash inflows that are equal in amount",
    "Units": "",
    "Objective": "09-05 Present the internal rate of return criterion and its strengths and weaknesses.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 247,
    "CHAP_KEY": 31,
    "COURSE_KEY": 247,
    "TOPIC_KEY": 32,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Project analysis and evaluation",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following characteristics is most associated with financing type projects?",
    "Correct": "Prepaid services",
    "Alt_1": "Long payback period",
    "Alt_2": "Multiple internal rates of return",
    "Alt_3": "Cash inflows that equal cash outflows when ignoring the time value of money",
    "Alt_4": "Conventional cash flows",
    "Units": "",
    "Objective": "09-05 Present the internal rate of return criterion and its strengths and weaknesses.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 248,
    "CHAP_KEY": 32,
    "COURSE_KEY": 248,
    "TOPIC_KEY": 33,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Internal rate of return",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Assume a project is independent with financing cash flows. Which one of these statements is correct?",
    "Correct": "The project is acceptable if the required return exceeds the IRR.",
    "Alt_1": "The IRR cannot be used to determine the acceptability of the project.",
    "Alt_2": "The project is acceptable only if the NPV is zero or negative.",
    "Alt_3": "The project's required rate of return will always be negative.",
    "Alt_4": "The project is acceptable if the internal rate of return is negative.",
    "Units": "",
    "Objective": "09-05 Present the internal rate of return criterion and its strengths and weaknesses.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 249,
    "CHAP_KEY": 33,
    "COURSE_KEY": 249,
    "TOPIC_KEY": 34,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Internal rate of return",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "The internal rate of return is defined as the:",
    "Correct": "discount rate which causes the net present value of a project to equal zero.",
    "Alt_1": "maximum rate of return a firm expects to earn on a project.",
    "Alt_2": "rate of return a project will generate if the project is financed solely with internal funds.",
    "Alt_3": "discount rate that equates the net cash inflows of a project to zero.",
    "Alt_4": "discount rate that causes the profitability index for a project to equal zero.",
    "Units": "",
    "Objective": "09-05 Present the internal rate of return criterion and its strengths and weaknesses.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 250,
    "CHAP_KEY": 34,
    "COURSE_KEY": 250,
    "TOPIC_KEY": 35,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Internal rate of return",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "You are viewing a graph that plots the NPVs of a project to various discount rates that could be applied to the project's cash flows. What is the name given to this graph?",
    "Correct": "NPV profile",
    "Alt_1": "Project tract",
    "Alt_2": "Projected risk profile",
    "Alt_3": "NPV route",
    "Alt_4": "Present value sequence",
    "Units": "",
    "Objective": "09-05 Present the internal rate of return criterion and its strengths and weaknesses.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 251,
    "CHAP_KEY": 35,
    "COURSE_KEY": 251,
    "TOPIC_KEY": 36,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Internal rate of return",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "There are two distinct discount rates at which a particular project will have a zero net present value. In this situation, the project is said to:",
    "Correct": "have multiple rates of return.",
    "Alt_1": "have two net present value profiles.",
    "Alt_2": "have operational ambiguity.",
    "Alt_3": "create a mutually exclusive investment decision.",
    "Alt_4": "produce multiple economies of scale.",
    "Units": "",
    "Objective": "09-05 Present the internal rate of return criterion and its strengths and weaknesses.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 252,
    "CHAP_KEY": 36,
    "COURSE_KEY": 252,
    "TOPIC_KEY": 37,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Mutually exclusive projects",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "If a firm accepts Project A it will not be feasible to also accept Project B because both projects would require the simultaneous and exclusive use of the same piece of machinery. These projects are considered to be:",
    "Correct": "mutually exclusive.",
    "Alt_1": "independent.",
    "Alt_2": "interdependent.",
    "Alt_3": "economically scaled.",
    "Alt_4": "operationally distinct.",
    "Units": "",
    "Objective": "09-05 Present the internal rate of return criterion and its strengths and weaknesses.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 253,
    "CHAP_KEY": 37,
    "COURSE_KEY": 253,
    "TOPIC_KEY": 38,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Modified internal rate of return",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following is a project acceptance indicator given an independent project with investing type cash flows?",
    "Correct": "Modified internal rate of return that exceeds the required return",
    "Alt_1": "Profitability index that is less than 1.0",
    "Alt_2": "Project's internal rate of return that is less than the required return",
    "Alt_3": "Discounted payback period that is greater than the required return",
    "Alt_4": "Average accounting return that is less than the internal rate of return",
    "Units": "",
    "Objective": "09-06 Calculate the modified internal rate of return.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 254,
    "CHAP_KEY": 38,
    "COURSE_KEY": 254,
    "TOPIC_KEY": 39,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Mutually exclusive projects",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following is the best example of two mutually exclusive projects?",
    "Correct": "Waiting until a machine finishes molding Product A before being able to mold Product B",
    "Alt_1": "Building a furniture store beside a clothing outlet in the same shopping mall",
    "Alt_2": "Producing both plastic forks and spoons on the same assembly line",
    "Alt_3": "Using an empty warehouse to store both raw materials and finished goods",
    "Alt_4": "Promoting two products during the same television commercial",
    "Units": "",
    "Objective": "09-05 Present the internal rate of return criterion and its strengths and weaknesses.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 255,
    "CHAP_KEY": 39,
    "COURSE_KEY": 255,
    "TOPIC_KEY": 40,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Mutually exclusive projects",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "{company1} is considering two projects. Project A consists of creating an outdoor eating area on the unused portion of the restaurant's property. Project B would use that outdoor space for creating a drive-thru service window. When trying to decide which project to accept, the firm should rely most heavily on which one of the following analytical methods?",
    "Correct": "Net present value",
    "Alt_1": "Profitability index",
    "Alt_2": "Internal rate of return",
    "Alt_3": "Payback",
    "Alt_4": "Accounting rate of return",
    "Units": "",
    "Objective": "09-05 Present the internal rate of return criterion and its strengths and weaknesses.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 256,
    "CHAP_KEY": 40,
    "COURSE_KEY": 256,
    "TOPIC_KEY": 41,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Mutually exclusive projects",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Mutually exclusive projects are best defined as competing projects that:",
    "Correct": "both require the total use of the same limited resource.",
    "Alt_1": "would need to commence on the same day.",
    "Alt_2": "have the same initial start-up costs.",
    "Alt_3": "both have negative cash outflows at time zero.",
    "Alt_4": "have the same life span.",
    "Units": "",
    "Objective": "09-05 Present the internal rate of return criterion and its strengths and weaknesses.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 257,
    "CHAP_KEY": 41,
    "COURSE_KEY": 257,
    "TOPIC_KEY": 42,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Mutually exclusive projects",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "The final decision on which one of two mutually exclusive projects to accept ultimately depends upon which one of the following?",
    "Correct": "Net present value",
    "Alt_1": "Initial cost of each project",
    "Alt_2": "Timing of the cash inflows",
    "Alt_3": "Total cash inflows of each project",
    "Alt_4": "Length of each project's life",
    "Units": "",
    "Objective": "09-05 Present the internal rate of return criterion and its strengths and weaknesses.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 258,
    "CHAP_KEY": 42,
    "COURSE_KEY": 258,
    "TOPIC_KEY": 43,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Mutually exclusive projects",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "{name1} has analyzed two mutually exclusive projects that have 3-year lives. Project A has an NPV of $81,406, a payback period of 2.48 years, and an AAR of 9.31 percent. Project B has an NPV of $82,909, a payback period of 2.57 years, and an AAR of 9.22 per",
    "Correct": "Accept Project B and reject Project A based on the NPVs",
    "Alt_1": "Accept both projects because both NPVs are positive",
    "Alt_2": "Accept Project A because it has the shortest payback period",
    "Alt_3": "Accept Project A and reject Project B based on their AARs",
    "Alt_4": "Accept Project A because it has the lower required return",
    "Units": "",
    "Objective": "09-01 Show the reasons why the net present value criterion is the best way to evaluate proposed investments.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Personal",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 259,
    "CHAP_KEY": 43,
    "COURSE_KEY": 259,
    "TOPIC_KEY": 44,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Profitability index",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "The present value of an investment's future cash flows divided by the initial cost of the investment is called the:",
    "Correct": "profitability index.",
    "Alt_1": "net present value.",
    "Alt_2": "internal rate of return.",
    "Alt_3": "average accounting return.",
    "Alt_4": "profile period.",
    "Units": "",
    "Objective": "09-07 Illustrate the profitability index and its relation to net present value.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 260,
    "CHAP_KEY": 44,
    "COURSE_KEY": 260,
    "TOPIC_KEY": 45,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Profitability index",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "The profitability index is most closely related to which one of the following?",
    "Correct": "Net present value",
    "Alt_1": "Payback",
    "Alt_2": "Discounted payback",
    "Alt_3": "Average accounting return",
    "Alt_4": "Modified internal rate of return",
    "Units": "",
    "Objective": "09-07 Illustrate the profitability index and its relation to net present value.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 261,
    "CHAP_KEY": 45,
    "COURSE_KEY": 261,
    "TOPIC_KEY": 46,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Profitability index",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "{company1} is considering two independent projects. The profitability index decision rule indicates that both projects should be accepted. This result most likely does which one of the following?",
    "Correct": "Assumes the firm has sufficient funds to undertake both projects",
    "Alt_1": "Conflicts with the results of the net present value decision rule",
    "Alt_2": "Agrees with the decision that would also apply if the projects were mutually exclusive",
    "Alt_3": "Bases the accept/reject decision on the same variables as the average accounting return",
    "Alt_4": "Fails to provide useful information as the firm must reject at least one of the projects",
    "Units": "",
    "Objective": "09-07 Illustrate the profitability index and its relation to net present value.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 262,
    "CHAP_KEY": 46,
    "COURSE_KEY": 262,
    "TOPIC_KEY": 47,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Profitability index",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following methods of analysis provides the best information on the cost-benefit aspects of a project?",
    "Correct": "Profitability index",
    "Alt_1": "Net present value",
    "Alt_2": "Payback",
    "Alt_3": "Internal rate of return",
    "Alt_4": "Average accounting return",
    "Units": "",
    "Objective": "09-07 Illustrate the profitability index and its relation to net present value.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 263,
    "CHAP_KEY": 47,
    "COURSE_KEY": 263,
    "TOPIC_KEY": 47,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 5,
    "Chapter_Name": "TVM",
    "Topic": "Present value - single cash flow",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{name1} wants to have {cost1} for a down payment on a house {years2} years from now. {name1} can either deposit one lump sum today or {pron1} can wait one year and deposit a lump sum. Assume an annual interest rate of {interest1}. How much additional money must he deposit if he waits for one year rather than making the deposit today?",
    "Correct": "(cost1/((1 + interest1/100)**(years2-1))) - (cost1/((1 + interest1/100)**years2))",
    "Alt_1": "(cost1/((1 + interest1/100)**(years2-2))) - (cost1/((1 + interest1/100)**years2))",
    "Alt_2": "(cost1/((1 + interest1/100)**(years2-2))) - (cost1/((1 + interest1/100)**(years2-1)))",
    "Alt_3": "( (cost1/((1 + interest1/100)**(years2-1))) - (cost1/((1 + interest1/100)**years2)))*0.9",
    "Alt_4": "((cost1/((1 + interest1/100)**(years2-1))) - (cost1/((1 + interest1/100)**years2)))*1.1",
    "Units": "Currency",
    "Objective": "05-02 Determine the present value of cash to be received at a future date.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Personal",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 264,
    "CHAP_KEY": 48,
    "COURSE_KEY": 264,
    "TOPIC_KEY": 48,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Profitability index",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "When the present value of the cash inflows exceeds the initial cost of a project, then the project should be:",
    "Correct": "accepted because the profitability index is greater than 1.",
    "Alt_1": "accepted because the payback period is less than the required time period.",
    "Alt_2": "accepted because the profitability index is negative.",
    "Alt_3": "rejected because the internal rate of return is negative.",
    "Alt_4": "rejected because the net present value is positive.",
    "Units": "",
    "Objective": "09-07 Illustrate the profitability index and its relation to net present value.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 265,
    "CHAP_KEY": 49,
    "COURSE_KEY": 265,
    "TOPIC_KEY": 49,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Project analysis and evaluation",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following statements would generally be considered as accurate given independent projects with conventional cash flows?",
    "Correct": "The payback decision rule could override the net present value decision rule should cash availability be limited.",
    "Alt_1": "The internal rate of return decision may contradict the net present value decision.",
    "Alt_2": "Business practice dictates that independent projects should have three distinct accept indicators before a project is actually implemented.",
    "Alt_3": "The profitability index rule cannot be applied in this situation.",
    "Alt_4": "The projects cannot be accepted unless the average accounting return decision ruling is positive.",
    "Units": "",
    "Objective": "09-02 Discuss the payback rule and some of its shortcomings.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 266,
    "CHAP_KEY": 50,
    "COURSE_KEY": 266,
    "TOPIC_KEY": 50,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Project analysis and evaluation",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "In actual practice, managers most frequently use which two types of investment criteria?",
    "Correct": "Internal rate of return and net present value",
    "Alt_1": "Net present value and payback",
    "Alt_2": "Average accounting return and internal rate of return",
    "Alt_3": "Internal rate of return and payback",
    "Alt_4": "Net present value and profitability index",
    "Units": "",
    "Objective": "09-01 Show the reasons why the net present value criterion is the best way to evaluate proposed investments.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 267,
    "CHAP_KEY": 51,
    "COURSE_KEY": 267,
    "TOPIC_KEY": 51,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Project analysis and evaluation",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "{name1} wants to start training {poss1} most junior assistant, {name2}, in the art of project analysis. {name2} has just started college and has no experience or background in business finance. To get {name2} started,  {name1} is going to assign the responsibility for all projects that have initial costs less than $1,000 to  {name2} to analyze. Which method is  {name1} most apt to ask {name2} to use in making  {poss1} initial decisions?",
    "Correct": "Payback",
    "Alt_1": "Discounted payback",
    "Alt_2": "Profitability index",
    "Alt_3": "Internal rate of return",
    "Alt_4": "Average accounting return",
    "Units": "",
    "Objective": "09-02 Discuss the payback rule and some of its shortcomings.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 268,
    "CHAP_KEY": 52,
    "COURSE_KEY": 268,
    "TOPIC_KEY": 52,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Project analysis and evaluation",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which two methods of project analysis are the most biased towards short-term projects?",
    "Correct": "Payback and discounted payback",
    "Alt_1": "Net present value and internal rate of return",
    "Alt_2": "Internal rate of return and profitability index",
    "Alt_3": "Net present value and discounted payback",
    "Alt_4": "Discounted payback and profitability index",
    "Units": "",
    "Objective": "09-02 Discuss the payback rule and some of its shortcomings.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 269,
    "CHAP_KEY": 53,
    "COURSE_KEY": 269,
    "TOPIC_KEY": 53,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Project analysis and evaluation",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "{company1} is considering a project that has an NPV of {ucost1}, an IRR of 15.1 percent, and a payback period of 3.2 years. The required return is 14.5 percent and the required payback period is 3.0 years. Which one of the following statements correctly applies to this project?",
    "Correct": "The payback decision rule could override the accept decision indicated by the net present value.",
    "Alt_1": "The net present value indicates accept while the internal rate of return indicates reject.",
    "Alt_2": "Payback indicates acceptance.",
    "Alt_3": "The payback rule will automatically be ignored since both the net present value and the internal rate of return indicate an accept decision.",
    "Alt_4": "The net present value decision rule is the only rule that matters when making the final decision.",
    "Units": "",
    "Objective": "09-02 Discuss the payback rule and some of its shortcomings.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 270,
    "CHAP_KEY": 54,
    "COURSE_KEY": 270,
    "TOPIC_KEY": 54,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Capital budgeting; Project analysis and evaluation",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "You are considering a project with conventional cash flows, an IRR of 11.63 percent, a PI of 1.04, an NPV of $987, and a payback period of 2.98 years. Which one of the following statements is correct given this information?",
    "Correct": "The discount rate used in computing the net present value was less than 11.63 percent.",
    "Alt_1": "The discounted payback period must be greater than 2.98 years.",
    "Alt_2": "The break-even discount rate must be less than 11.63 percent.",
    "Alt_3": "The AAR is equal to the IRR/PI.",
    "Alt_4": "The project should be rejected based on its PI value.",
    "Units": "",
    "Objective": "09-01 Show the reasons why the net present value criterion is the best way to evaluate proposed investments.",
    "Blooms": "Understand",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 271,
    "CHAP_KEY": 55,
    "COURSE_KEY": 271,
    "TOPIC_KEY": 55,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Project analysis and evaluation",
    "Type": "SA",
    "Difficulty": "Easy",
    "QTYPE": "MCQ",
    "Question": "Which one of the following indicates an accept decision for an independent project with conventional cash flows?",
    "Correct": "PI greater than 1.0",
    "Alt_1": "AAR lower than the required rate",
    "Alt_2": "Payback period that exceeds the requirement",
    "Alt_3": "Required discount rate greater than the IRR",
    "Alt_4": "Discounted payback period less than the payback period",
    "Units": "",
    "Objective": "09-06 Calculate the modified internal rate of return.",
    "Blooms": "Remember",
    "Accreditation": "AACSB",
    "Taxonomy": "Reflective Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "No",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 272,
    "CHAP_KEY": 56,
    "COURSE_KEY": 272,
    "TOPIC_KEY": 56,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Net present value",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "A project has an initial cash outflow of {cost6} and produces cash inflows of {cost1}, {cost3}, and {cost2} for Years 1 through 3, respectively. What is the NPV at a discount rate of {interest2}?",
    "Correct": "(-1*cost6) +(cost1/(1+interest2/100)) + (cost3/(1+interest2/100)**2) + (cost2/(1+interest2/100)**3)",
    "Alt_1": "(-1*cost6) +(cost1/(1+interest2/100)) + (cost3/(1+interest2/100)**1.5) + (cost2/(1+interest2/100)**3)",
    "Alt_2": "(-1*cost6) +(cost1/(1+interest2/100)) + (cost3/(1+interest2/100)**2) + (cost2/(1+interest2/100)**2)",
    "Alt_3": "(-1*cost6) +(cost1/(1+interest2/100)) + (cost3/(1+interest2/100)**3) + (cost2/(1+interest2/100)**3)",
    "Alt_4": "(-1*cost6) +(cost1/(1+interest2/100)) + (cost3/(1+interest2/100)) + (cost2/(1+interest2/100))",
    "Units": "Currency",
    "Objective": "09-01 Show the reasons why the net present value criterion is the best way to evaluate proposed investments.",
    "Blooms": "Apply",
    "Accreditation": "AACSB",
    "Taxonomy": "Knowledge Application",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 273,
    "CHAP_KEY": 57,
    "COURSE_KEY": 273,
    "TOPIC_KEY": 57,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Net present value",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "A project has a required return of {interest2} percent, an initial cash outflow of {cost5}, and cash inflows of {cost1} in Year 1, {cost2} in Year 2, and {cost3} in Year 4. What is the net present value?",
    "Correct": "(-1*cost5) + (cost1/(1+interest2/100)) + (cost1/(1+interest2/100)**2) + (cost1/(1+interest2/100)**4)",
    "Alt_1": "(-1*cost5) + (cost1/(1+interest2/100)) + (cost1/(1+interest2/100)**2) + (cost1/(1+interest2/100)**3)",
    "Alt_2": "(-1*cost5) + (cost1/(1+interest2/100)) + (cost1/(1+interest2/100)**3) + (cost1/(1+interest2/100)**4)",
    "Alt_3": "(-1*cost5) + (cost1/(1+interest2/100)) + (cost1/(1+interest2/100)**2) + (cost1/(1+interest2/100)**2)",
    "Alt_4": "(-1*cost5) + (cost1/(1+interest2/100)) + (cost1/(1+interest2/100)) + (cost1/(1+interest2/100))",
    "Units": "Currency",
    "Objective": "09-01 Show the reasons why the net present value criterion is the best way to evaluate proposed investments.",
    "Blooms": "Apply",
    "Accreditation": "AACSB",
    "Taxonomy": "Knowledge Application",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 274,
    "CHAP_KEY": 58,
    "COURSE_KEY": 274,
    "TOPIC_KEY": 58,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Net present value",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "A project will produce cash inflows of {ucost3} a year for 3 years with a final cash inflow of {ucost2} in Year 4. The project's initial cost is {cost1}. What is the net present value if the required rate of return is {interest2}?",
    "Correct": "(-1*cost1) + (ucost3*(1 - (1/(1+interest2/100)**3))/(interest2/100)) + (ucost2/(1+interest2/100)**4)",
    "Alt_1": "(-1*cost1) + (ucost3*(1 - (1/(1+interest2/100)**2))/(interest2/100)) + (ucost2/(1+interest2/100)**3)",
    "Alt_2": "(-1*cost1) + (ucost3*(1 - (1/(1+interest2/100)**4))/(interest2/100)) + (ucost2/(1+interest2/100)**2)",
    "Alt_3": "(-1*cost1) + (ucost3*(1 - (1/(1+interest2/100)**3))/(interest2/100)) + (ucost2/(1+interest2/100))",
    "Alt_4": "(-1*cost1) + (ucost3*(1 - (1/(1+interest2/100)**2))/(interest2/100)) + (ucost2/(1+interest2/100)**2)",
    "Units": "Currency",
    "Objective": "09-01 Show the reasons why the net present value criterion is the best way to evaluate proposed investments.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 275,
    "CHAP_KEY": 59,
    "COURSE_KEY": 275,
    "TOPIC_KEY": 59,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Mutually exclusive projects",
    "Type": "SA",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "Two mutually exclusive projects have an initial cost of {mcost6} each. Project A produces cash inflows of {cost4}, {cost5}, and {cost3} for Years 1 through 3, respectively. Project B produces cash inflows of {cost6}, {cost2}, and {cost1} for Years 1 through 3, respectively. The required rate of return is {interest1} for Project A and {interest2} for Project B. Which project(s) should be accepted and why?",
    "Correct": "Project A, because it has the larger NPV.",
    "Alt_1": "Project A, because it has the higher required rate of return.",
    "Alt_2": "Project B, because it has the largest cash inflow in Year 1.",
    "Alt_3": "Project B, because it has the higher required rate of return.",
    "Alt_4": "Project B, because it has the larger NPV",
    "Units": "",
    "Objective": "09-01 Show the reasons why the net present value criterion is the best way to evaluate proposed investments.",
    "Blooms": "Apply",
    "Accreditation": "AACSB",
    "Taxonomy": "Knowledge Application",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 276,
    "CHAP_KEY": 60,
    "COURSE_KEY": 276,
    "TOPIC_KEY": 60,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Mutually exclusive projects",
    "Type": "SA",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "Projects A and B are mutually exclusive and have an initial cost of $82,000 each. Project A provides cash inflows of $34,000 a year for three years while Project B produces a cash inflow of $115,000 in Year 3. Which project(s) should be accepted if the discount rate is 11.7 percent? What if the discount rate is 13.5 percent?",
    "Correct": "Accept B at 11.7 percent and neither at 13.5 percent",
    "Alt_1": "Accept A at both discount rates",
    "Alt_2": "Accept A at 11.7 percent and neither at 13.5 percent",
    "Alt_3": "Accept B at both discount rates",
    "Alt_4": "Accept both at 11.7 percent and neither at 13.5 percent",
    "Units": "",
    "Objective": "09-01 Show the reasons why the net present value criterion is the best way to evaluate proposed investments.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 277,
    "CHAP_KEY": 61,
    "COURSE_KEY": 277,
    "TOPIC_KEY": 61,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Mutually exclusive projects",
    "Type": "SA",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "Project A has a required return on 9.2 percent and cash flows of −$87,000, $32,600, $35,900, and $43,400 for Years 0 to 3, respectively. Project B has a required return of 12.7 percent and cash flows of −$85,000, $14,700, $21,200, and $89,800 for Years 0 to 3, respectively. Which project(s) should you accept based on net present value if the projects are mutually exclusive?",
    "Correct": "Reject Project A and accept Project B",
    "Alt_1": "Accept Project A and reject Project B",
    "Alt_2": "Accept both projects",
    "Alt_3": "Reject both projects",
    "Alt_4": "Accept either one, but not both",
    "Units": "Currency",
    "Objective": "09-01 Show the reasons why the net present value criterion is the best way to evaluate proposed investments.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 278,
    "CHAP_KEY": 62,
    "COURSE_KEY": 278,
    "TOPIC_KEY": 62,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Net present value",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "Assume an investment has cash flows of −{cost4},{cost3}, {cost2}, and {cost1} for Years 0 to 3, respectively. What is the NPV if the required return is {interest2}?",
    "Correct": "(-1*cost4) + (cost3/(1+interest2/100)) + (cost3/(1+interest2/100)**2) + (cost3/(1+interest2/100)**3)",
    "Alt_1": "(-1*cost4) + (cost3/(1+interest2/100)) + (cost3/(1+interest2/100)**2) + (cost3/(1+interest2/100)**2)",
    "Alt_2": "(-1*cost4) + (cost3/(1+interest2/100)) + (cost3/(1+interest2/100)**3) + (cost3/(1+interest2/100)**3)",
    "Alt_3": "(-1*cost4) + (cost3/(1+interest2/100)) + (cost3/(1+interest2/100)) + (cost3/(1+interest2/100)**3)",
    "Alt_4": "(-1*cost4) + (cost3/(1+interest2/100)) + (cost3/(1+interest2/100)**2) + (cost3/(1+interest2/100))",
    "Units": "Currency",
    "Objective": "09-01 Show the reasons why the net present value criterion is the best way to evaluate proposed investments.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 279,
    "CHAP_KEY": 63,
    "COURSE_KEY": 279,
    "TOPIC_KEY": 63,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Net present value",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "A project has an initial cost of {mcost2} and cash inflows of {mcost3}, {mcost4}, {mcost5}, and {mcost6}, for Years 1 to 4, respectively. What is the NPV of this project if the discount rate is infinite?",
    "Correct": "(-1*mcost2)",
    "Alt_1": "(mcost2)",
    "Alt_2": "(-1*mcost2)+mcost5",
    "Alt_3": "mcost2-mcost5",
    "Alt_4": "mcost3-mcost4",
    "Units": "Currency",
    "Objective": "09-01 Show the reasons why the net present value criterion is the best way to evaluate proposed investments.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 280,
    "CHAP_KEY": 64,
    "COURSE_KEY": 280,
    "TOPIC_KEY": 64,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Payback",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "It will cost {ucost3} to acquire an ice cream cart that is expected to produce cash inflows of {ucost1} a year for three years. After the three years, the cart is expected to be worthless. What is the payback period?",
    "Correct": "round(ucost3/ucost1,1)",
    "Alt_1": "round(ucost3/(2*ucost1),1)",
    "Alt_2": "round(2*ucost3/ucost1,1)",
    "Alt_3": "round((ucost3/ucost1)*.9,1)",
    "Alt_4": "round((ucost3/ucost1)*1.1,1)",
    "Units": "years",
    "Objective": "09-02 Discuss the payback rule and some of its shortcomings.",
    "Blooms": "Apply",
    "Accreditation": "AACSB",
    "Taxonomy": "Knowledge Application",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 281,
    "CHAP_KEY": 65,
    "COURSE_KEY": 281,
    "TOPIC_KEY": 65,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Payback",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "A project has an initial cost of {ucost6} and cash inflows of {ucost1}, {ucost2}, {ucost3}, and {ucost4} a year over the next four years, respectively. What is the payback period?",
    "Correct": "round(2 + (ucost6 - ucost1 - ucost2)/ ucost3, 1)",
    "Alt_1": "round(2 + (2*ucost6 - ucost1 - ucost2 - ucost4)/ ucost3, 1)",
    "Alt_2": "round(3.5 + (ucost6 - ucost1 - ucost2)/ucost2, 1)",
    "Alt_3": "round(2.5 + (ucost6 - ucost1 - ucost2)/ ucost3, 1)",
    "Alt_4": "round(1 + (ucost6 - ucost1 - ucost2)/ ucost3, 1)",
    "Units": "years",
    "Objective": "09-02 Discuss the payback rule and some of its shortcomings.",
    "Blooms": "Apply",
    "Accreditation": "AACSB",
    "Taxonomy": "Knowledge Application",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 282,
    "CHAP_KEY": 66,
    "COURSE_KEY": 282,
    "TOPIC_KEY": 66,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Payback",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "A project has an initial cost of {ucost6}. The cash inflows are {ucost1}, {ucost2}, {ucost3}, and {ucost4} over the next four years, respectively. What is the payback period?",
    "Correct": "round(3 + (ucost6 - ucost1 - ucost2 - ucost3)/ucost4,1)",
    "Alt_1": "round(3.2 + (ucost6 - ucost1 - ucost2 - ucost3)/ucost4,1)",
    "Alt_2": "round(2.8 + (ucost6 - ucost1 - ucost2 - ucost3)/ucost4,1)",
    "Alt_3": "round(3.5 + (ucost6 - ucost1 - ucost2 - ucost3)/ucost4,1)",
    "Alt_4": "round(2.5 + (ucost6 - ucost1 - ucost2 - ucost3)/ucost4,1)",
    "Units": "years",
    "Objective": "09-02 Discuss the payback rule and some of its shortcomings.",
    "Blooms": "Apply",
    "Accreditation": "AACSB",
    "Taxonomy": "Knowledge Application",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 283,
    "CHAP_KEY": 67,
    "COURSE_KEY": 283,
    "TOPIC_KEY": 67,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Payback",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{name1} is considering adding toys to {poss1} gift shop. {name1} estimates the cost of new inventory will be {ucost6} and remodeling expenses will be {ucost1}. Toy sales are expected to produce net cash inflows of {ucost2}, {ucost3}, {ucost4}, and {ucost5} over the next four years, respectively. What is the payback period?",
    "Correct": "round(2 + (ucost6 + ucost1 - ucost2 - ucost3)/ucost4,1)",
    "Alt_1": "round(3.5 + (ucost6 + ucost1 - ucost2 - ucost3)/ucost4,1)",
    "Alt_2": "round(1 + (ucost6 + ucost1 - ucost2 - ucost3)/ucost4,1)",
    "Alt_3": "round(1.5 + (ucost6 + ucost1 - ucost2 - ucost3)/ucost5,1)",
    "Alt_4": "round(3 + (ucost6 + ucost1 - ucost2 - ucost3)/ucost5,1)",
    "Units": "years",
    "Objective": "09-02 Discuss the payback rule and some of its shortcomings.",
    "Blooms": "Apply",
    "Accreditation": "AACSB",
    "Taxonomy": "Knowledge Application",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Personal",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 284,
    "CHAP_KEY": 68,
    "COURSE_KEY": 284,
    "TOPIC_KEY": 68,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Mutually exclusive projects",
    "Type": "SA",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "You are considering two mutually exclusive projects. Project A has cash flows of −$72,000, $21,400, $22,900, and $56,300 for Years 0 to 3, respectively. Project B has cash flows of −$81,000, $20,100, $22,200, and $74,800 for Years 0 to 3, respectively. Both projects have a required 2.5-year payback period. Should you accept or reject these projects based on payback analysis?",
    "Correct": "Accept Project A and reject Project B",
    "Alt_1": "Reject Project A and accept Project B",
    "Alt_2": "Accept both Projects A and B",
    "Alt_3": "Reject both Projects A and B",
    "Alt_4": "You cannot apply the payback method to these projects.",
    "Units": "Currency",
    "Objective": "09-02 Discuss the payback rule and some of its shortcomings.",
    "Blooms": "Apply",
    "Accreditation": "AACSB",
    "Taxonomy": "Knowledge Application",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 285,
    "CHAP_KEY": 69,
    "COURSE_KEY": 285,
    "TOPIC_KEY": 69,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Payback",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "An investment project provides cash flows of {ucost1} per year for 10 years. If the initial cost is {ucost6}, what is the payback period?",
    "Correct": "round(ucost6/ucost1,1)",
    "Alt_1": "round((ucost6/ucost1)*1.2,1)",
    "Alt_2": "round((ucost6/ucost1)*.9,1)",
    "Alt_3": "round((ucost6/ucost1)*2,1)",
    "Alt_4": "round((ucost6/ucost1)*1.5,1)",
    "Units": "years",
    "Objective": "09-02 Discuss the payback rule and some of its shortcomings.",
    "Blooms": "Apply",
    "Accreditation": "AACSB",
    "Taxonomy": "Knowledge Application",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 286,
    "CHAP_KEY": 70,
    "COURSE_KEY": 286,
    "TOPIC_KEY": 70,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Payback",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "A project has cash flows of –{cost6}, {cost1}, {cost2}, and {cost3} for Years 0 to 3, respectively. The required payback period is two years.What is the payback period of the project?",
    "Correct": "2 + (cost6 - cost1 - cost2)/cost3",
    "Alt_1": "2 + (cost6 + cost1 + cost2)/cost3",
    "Alt_2": "2 + (cost6 - cost1 - cost3)/cost2",
    "Alt_3": "2 + (cost6 - cost3 - cost2)/cost1",
    "Alt_4": "2.2 + (cost6 - cost1 - cost2)/cost3",
    "Units": "years",
    "Objective": "09-02 Discuss the payback rule and some of its shortcomings.",
    "Blooms": "Apply",
    "Accreditation": "AACSB",
    "Taxonomy": "Knowledge Application",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 287,
    "CHAP_KEY": 71,
    "COURSE_KEY": 287,
    "TOPIC_KEY": 71,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Discounted payback",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "A project has an initial cost of {cost1} and expected cash inflows of {ucost1}, {ucost2}, and {ucost3} over Years 1 to 3, respectively. What is the discounted payback period if the required rate of return is {interest1}?",
    "Correct": "2 + (cost1 - (ucost1/(1+interest1/100)) - (ucost2/(1+interest1/100)**2)) / (ucost3/(1+interest1/100)**2)",
    "Alt_1": "2.2 + (cost1 - (ucost1/(1+interest1/100)) - (ucost2/(1+interest1/100)**2)) / (ucost3/(1+interest1/100)**2)",
    "Alt_2": "1.8 + (cost1 - (ucost1/(1+interest1/100)) - (ucost2/(1+interest1/100)**2)) / (ucost3/(1+interest1/100)**2)",
    "Alt_3": "1.3 + (cost1 - (ucost1/(1+interest1/100)) - (ucost2/(1+interest1/100)**2)) / (ucost3/(1+interest1/100)**2)",
    "Alt_4": "2.8 + (cost1 - (ucost1/(1+interest1/100)) - (ucost2/(1+interest1/100)**2)) / (ucost3/(1+interest1/100)**2)",
    "Units": "years",
    "Objective": "09-03 Discuss the discounted payback rule and some of its shortcomings.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 288,
    "CHAP_KEY": 72,
    "COURSE_KEY": 288,
    "TOPIC_KEY": 72,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Discounted payback",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{name1} is considering a project that will produce cash inflows of {ucost6} a year for 3 years. The required rate of return is {interest1} and the initial cost is {cost1}. What is the discounted payback period?",
    "Correct": "ucost1 *((1-(1/(1+interest1/100)**3))/interest1)",
    "Alt_1": "ucost1 *((1-(1/(1+interest1/100)**2))/interest1)",
    "Alt_2": "ucost1 *((1-(1/(1+interest1/100)**4))/interest1)",
    "Alt_3": "ucost1 *((1-(1/(1+interest1/100)**3))/interest2)",
    "Alt_4": "ucost1 *((1-(1/(1+interest2/100)**3))/interest1)",
    "Units": "years",
    "Objective": "09-03 Discuss the discounted payback rule and some of its shortcomings.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Personal",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 289,
    "CHAP_KEY": 73,
    "COURSE_KEY": 289,
    "TOPIC_KEY": 73,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Discounted payback",
    "Type": "SA",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} is reviewing a project with a required discount rate of 15.2 percent and an initial cost of $309,000. The cash inflows are $47,000, $198,000, and $226,000 for Years 2 to 4, respectively. Should the project be accepted based on discounted payback if the required payback period is 2.5 years?",
    "Correct": "Reject; The project never pays back on a discounted basis.",
    "Alt_1": "Accept; The discounted payback period is 2.18 years.",
    "Alt_2": "Accept; The discounted payback period is 2.32 years.",
    "Alt_3": "Accept; The discounted payback period is 2.98 years.",
    "Alt_4": "Reject; The discounted payback period is 3.87 years.",
    "Units": "years",
    "Objective": "09-03 Discuss the discounted payback rule and some of its shortcomings.",
    "Blooms": "Apply",
    "Accreditation": "AACSB",
    "Taxonomy": "Knowledge Application",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Personal",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 290,
    "CHAP_KEY": 74,
    "COURSE_KEY": 290,
    "TOPIC_KEY": 74,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Discounted payback",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "An investment project costs {ucost6} and has annual cash flows of {cost5} for 3 years. If the discount rate is {interest1}, what is the discounted payback period?",
    "Correct": "1 + (ucost6 - ucost5)/(1+interest1/100)/(ucost5/(1+interest1)**2)",
    "Alt_1": ".5 + (ucost6 - ucost5)/(1+interest1/100)/(ucost5/(1+interest1)**2)",
    "Alt_2": "1.5 + (ucost6 - ucost5)/(1+interest1/100)/(ucost5/(1+interest1)**2)",
    "Alt_3": "2 + (ucost6 - ucost5)/(1+interest1/100)/(ucost5/(1+interest1)**2)",
    "Alt_4": "1 + (ucost6 - ucost5)/(1+interest1/100)/(ucost5/(1+interest1)**2.2)",
    "Units": "years",
    "Objective": "09-03 Discuss the discounted payback rule and some of its shortcomings.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 291,
    "CHAP_KEY": 75,
    "COURSE_KEY": 291,
    "TOPIC_KEY": 75,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Discounted payback",
    "Type": "SA",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} is considering two independent projects with an initial cost of $18,000 each. The cash inflows of Project A are $3,000, $7,000, and $10,000 for Years 1 to 3, respectively. The cash inflows for Project B are $3,000, $7,000, and $15,000 for Years 1 to 3, respectively. The required return is 12 percent and the required discounted payback period is 3 years. Based on discounted payback, which project(s), if either, should be accepted?",
    "Correct": "Project A should be rejected and Project B should be accepted.",
    "Alt_1": "Both projects should be accepted.",
    "Alt_2": "Both projects should be rejected.",
    "Alt_3": "Project A should be accepted and Project B should be rejected.",
    "Alt_4": "You should be indifferent to accepting either or both projects.",
    "Units": "",
    "Objective": "09-03 Discuss the discounted payback rule and some of its shortcomings.",
    "Blooms": "Analyze",
    "Accreditation": "AACSB",
    "Taxonomy": "Analytical Thinking",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 292,
    "CHAP_KEY": 76,
    "COURSE_KEY": 292,
    "TOPIC_KEY": 76,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Average accounting return",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "{company1} is considering a project with sales of $86,800 a year for the next four years. The profit margin is 6 percent, the project cost is $97,500, and depreciation is straight-line to a zero book value over the life of the project. The required accounting return is 10.8 percent. This project should be ________ because the AAR is ________ percent.",
    "Correct": "rejected; 10.68",
    "Alt_1": "rejected; 11.03",
    "Alt_2": "accepted; 10.68",
    "Alt_3": "rejected; 11.16",
    "Alt_4": "accepted; 11.03",
    "Units": "percent",
    "Objective": "09-04 Explain accounting rates of return and some of the problems with them.",
    "Blooms": "Apply",
    "Accreditation": "AACSB",
    "Taxonomy": "Knowledge Application",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "Company",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 293,
    "CHAP_KEY": 77,
    "COURSE_KEY": 293,
    "TOPIC_KEY": 77,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Average accounting return",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "A project has an initial cost of {ucost6} and a three-year life. The company uses straight-line depreciation to a book value of zero over the life of the project. The projected net income from the project is {ucost1}, {ucost2}, and {ucost3} a year for the next three years, respectively. What is the average accounting return?",
    "Correct": "round((((ucost1 + ucost2 + ucost3)/3) / (ucost6/2))*100,1)",
    "Alt_1": "round((((ucost1 + ucost2 + ucost3)/3.2) / (ucost6/2))*100,1)",
    "Alt_2": "round((((ucost1 + ucost2 + ucost3)/3) / (ucost6/2.5))*100,1)",
    "Alt_3": "round((((ucost1 + ucost2 + ucost3)/3) / (ucost6/3))*100,1)",
    "Alt_4": "round((((ucost1 + ucost2 + ucost3)/3)*1.1 / (ucost6/2))*100,1)",
    "Units": "percent",
    "Objective": "09-04 Explain accounting rates of return and some of the problems with them.",
    "Blooms": "Apply",
    "Accreditation": "AACSB",
    "Taxonomy": "Knowledge Application",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 294,
    "CHAP_KEY": 78,
    "COURSE_KEY": 294,
    "TOPIC_KEY": 78,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Average accounting return",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "A project produces annual net income amounts of {cost1}, {cost2}, and {cost3} over its 3-year life. The initial cost is {mcost6}, which is depreciated straight-line to a zero book value over three years. What is the average accounting rate of return if the required discount rate is {interest1}?",
    "Correct": "round((((cost1 + cost2 + cost3)/3) / (mcost6/2))*100,1)",
    "Alt_1": "round((((cost1 + cost2 + cost3)/3.2) / (mcost6/2))*100,1)",
    "Alt_2": "round((((cost1 + cost2 + cost3)/3) / (mcost6/2.5))*100,1)",
    "Alt_3": "round((((cost1 + cost2 + cost3)/3) / (mcost6/3))*100,1)",
    "Alt_4": "round((((cost1 + cost2 + cost3)/3)*1.1 / (mcost6/2))*100,1)",
    "Units": "percent",
    "Objective": "09-04 Explain accounting rates of return and some of the problems with them.",
    "Blooms": "Apply",
    "Accreditation": "AACSB",
    "Taxonomy": "Knowledge Application",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  },
  {
    "PKEY": 295,
    "CHAP_KEY": 79,
    "COURSE_KEY": 295,
    "TOPIC_KEY": 79,
    "Status": "Active",
    "Language": "English",
    "Area": "Business",
    "Subject": "Finance",
    "Course": "Finance 101",
    "Chapter": 9,
    "Chapter_Name": "NPV",
    "Topic": "Average accounting return",
    "Type": "Comp",
    "Difficulty": "Medium",
    "QTYPE": "MCQ",
    "Question": "A project has average net income of {ucost6} a year over its 6-year life. The initial cost of the project is {cost6} which will be depreciated using straight-line depreciation to a book value of zero over the life of the project. The AAR is what?.",
    "Correct": "round((ucost6 /(cost6/2)) * 100, 1)",
    "Alt_1": "round((ucost6 /(cost6/2.2)) * 100, 1)",
    "Alt_2": "round((ucost6 /(cost6/1.82)) * 100, 1)",
    "Alt_3": "round((ucost6 /(cost6/3)) * 100, 1)",
    "Alt_4": "round((ucost5 /(cost6/2)) * 100, 1)",
    "Units": "percent",
    "Objective": "09-04 Explain accounting rates of return and some of the problems with them.",
    "Blooms": "Apply",
    "Accreditation": "AACSB",
    "Taxonomy": "Knowledge Application",
    "Accessibility": "Keyboard Navigation",
    "Table": "No",
    "Equation": "Yes",
    "Name": "No",
    "Time": 2,
    "Origin": "RB",
    "Added": "5/29/2021 10:21"
  }
]