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Exam Chap 13

Exam Chap 13

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Published by oscarv89

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Published by: oscarv89 on Apr 27, 2012
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O.V.
HW1Question 1
0.5 out of 0.5 points
"Double taxation" refers to:
AnswerSelectedAnswer:
paying taxes on profits at the corporate level and dividends at the personallevel.
Response Feedback:
correct
 
Question 2
0.5 out of 0.5 points
A chief financial officer would typically:
AnswerSelected Answer:
supervise both the treasurer and controller.
Response Feedback:
correct
 
Question 3
0.5 out of 0.5 points
Agency problems can best be characterized as:
AnswerSelected Answer:
differing incentives between managers and owners.
Response Feedback:
correct
 
Question 4
0.5 out of 0.5 points
An example of a firm's financing decision would be:
AnswerSelected Answer:
the issuance of ten-year versus twenty-year bonds.
Response Feedback:
correct
 
Question 5
0.5 out of 0.5 points
Corporate managers are expected to make corporate decisions that are in the best interest of:
Answer
 
Selected Answer:
the corporation's shareholders.
Response Feedback:
correct
 
Question 6
0.5 out of 0.5 points
Financial markets are used for trading:
AnswerSelected Answer:
securities, such as shares of IBM.
Response Feedback:
correct
 
Question 7
0.5 out of 0.5 points
Firms can alter their capital structure by:
AnswerSelected Answer:
issuing stock to repay debt.
Response Feedback:
correct
 
Question 8
0.5 out of 0.5 points
In a large corporation, budget preparation would most likely be conducted by the:
AnswerSelected Answer:
controller.
Response Feedback:
correct
 
Question 9
0.5 out of 0.5 points
Investment banks like Goldman Sachs:
AnswerSelected Answer:
help companies sell their securities to investors.
Response Feedback:
correct
 
Question 10
0.5 out of 0.5 points
Long-term financing arrangements occur in the:
AnswerSelected Answer:
 
capital markets.
Response Feedback:
correct
 
Question 11
0.5 out of 0.5 points
The overall goal of capital budgeting projects should be to:
AnswerSelected Answer:
increase the wealth of the firm's shareholders.
Response Feedback:
correct
 
Question 12
0.5 out of 0.5 points
The primary goal of corporate management should be to:
AnswerSelected Answer:
maximize the shareholders' wealth.
Response Feedback:
correct
 
Question 13
0.5 out of 0.5 points
When a corporation fails, the maximum that can lost by an investor protected by limitedliability is:
AnswerSelected Answer:
the amount of the initial investment.
Response Feedback:
correct
 
Question 14
0.5 out of 0.5 points
When managers' compensation plans are tied in a meaningful manner to the profits of thefirm, agency problems:
AnswerSelected Answer:
can be reduced.
Response Feedback:
correct
 
Question 15
0.5 out of 0.5 points
When the management of a business is conducted by individuals other than the owners, thebusiness is more likely to be a:

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