The treasury management department of a company hires a consulting firm to provide research on how other companies in the industry have structured their treasury operations. This is an example of which practice?

• A.Re-engineering
• B.Restructuring
• C.Outsourcing
• D.Benchmarking

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Which one of the following is true of capital repatriation for multinational companies?

• A.Management fees paid by the subsidiary may require negotiation with the host government.
• B.Intracompany loans which are paid back promptly may be considered dividends.
• C.Transfer pricing can be used to locate profits in subsidiaries in high tax jurisdictions.
• D.Payment of dividends may not be taxed by host governments.

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Consolidation and specialization in the financial services industry have made financial institution and financial service provider selection a(n):

• A.unimportant decision process for a treasurer.
• B.easier decision process for a treasurer.
• C.less critical decision process for a treasurer.
• D.more important decision process for a treasurer.

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Financial statement preparation guidelines are provided by:

• A.FOMC.
• B.FDIC.
• C.FASB.
• D.FATF.

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The risk of one bank failing and endangering the liquidity of other banks is called:

• A.sender risk.
• B.daylight overdraft risk.
• C.systemic risk.
• D.receiver risk.

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