CFA 2026 Level II Vignettes Corporate Finance Working Capital Free Quiz 2

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CFA 2026 Level II Vignettes Corporate Finance Working Capital Free Quiz 2

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CFA 2026 Level II Vignettes Corporate Finance Working Capital Free Quiz 2

Practice CFA 2026 Level II Vignettes Corporate Finance MCQs from Working Capital. Get instant results with Explanation.

General10 MCQs

1. Vignette 3: Working Capital - Case Study: A company wants to improve its accounts receivable management. What does accounts receivable management involve?

A. Accounts receivable management focuses only on collectionsB. Accounts receivable management is not important for working capitalC. Accounts receivable management is the same as inventory managementD. Accounts receivable management includes credit policy, monitoring, and collection to optimize cash flow

2. What are the 5 C's of credit?

A. Character, Capacity, Capital, Collateral, and ConditionsB. Character, Cost, Capital, Conditions, and CashC. Character, Capacity, Cash, Collateral, and ConditionsD. Character, Cost, Credit, Cash, and Conditions

3. What is factoring of accounts receivable?

A. Factoring is a loan against receivablesB. Factoring is the sale of receivables at a discount to a factorC. Factoring is the same as securitizationD. Factoring is not used in practice

4. What do credit terms like 2/10 net 30 mean?

A. 2/10 net 30 means a 2% discount if paid within 30 daysB. 2/10 net 30 means the full amount is due in 10 daysC. 2/10 net 30 means a 2% discount if paid within 10 days, otherwise due in 30 daysD. 2/10 net 30 is not a credit term

5. What is an aging schedule for accounts receivable?

A. The aging schedule categorizes receivables by amountB. The aging schedule categorizes receivables by customer nameC. The aging schedule categorizes receivables by payment methodD. The aging schedule categorizes receivables by age (time outstanding)

General10 MCQs

6. Vignette 4: Working Capital - Case Study: A company is reviewing its payment terms with suppliers. What are the considerations in accounts payable management?

A. Accounts payable management is not importantB. Accounts payable management balances cash flow benefits with supplier relationships and discountsC. Accounts payable management only focuses on paying as early as possibleD. Accounts payable management is the same as accounts receivable management

7. What is the cost of not taking a trade discount?

A. The cost of not taking a discount is always zeroB. The cost of not taking a discount is the discount percentageC. The cost of not taking a discount can be expressed as an effective annual interest rateD. The cost of not taking a discount is the same for all terms

8. Calculate the cost of not taking the discount for terms 2/10 net 30.

A. 37.2%B. 2%C. 20%D. 10%

9. What is stretching accounts payable?

A. Stretching payables is always beneficialB. Stretching payables is illegalC. Stretching payables has no costsD. Stretching payables can improve cash flow but may harm supplier relationships

10. What is the cost of trade credit?

A. Trade credit is always the cheapest form of financingB. Trade credit can be expensive, and its cost should be compared to other financing optionsC. Trade credit has no costD. Trade credit is only available to large companies

📋 CFA - Test Online Practice Quizzes

CFA

Conducting Body: CFA Institute

Frequency: 4 times a year (February, May, August, November) | Time: 135 Minutes

Negative Marking: No

⚡ Test Pattern (Total: 90 MCQs):

Alternative Investments: 8 MCQs
Corporate Issuers: 7 MCQs
Derivatives: 5 MCQs
Economics: 7 MCQs
Equity Investments: 12 MCQs
Ethics: 16 MCQs
Financial Statement Analysis: 11 MCQs
Fixed Income: 11 MCQs
Portfolio Management: 9 MCQs
Quant Methods: 6 MCQs

Merit Formula: -

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