Chapter 01
Introduction to Financial Management
Multiple Choice Questions
1. Tim has been promoted and is now in charge of all fixed ast purchas. In other words, Tim is in charge of:
A. capital structure management.
B. ast allocation.
C. risk management.
D. capital budgeting.
E. working capital management.
轻松的英文
2. Stadford, Inc. is financed with 40 percent debt and 60 percent equity. This mixture of debt and equity is referred to as the firm's:
A. capital structure.
B. capital budget.
C. ast allocation.
D. working capital.
E. risk structure.
3. Lester's BBQ has $121,000 in current asts and $109,000 in current liabilities. The
values as referred to as the firm's:
A. capital structure.
B. cash equivalents.
C. working capital.
D. net asts.
E. fixed accounts.
4. Margie opened a ud book store and is both the 100 percent owner and the store's manager. Which type of business entity does Margie own if she is personally liable for all the store's debts?
A. Sole proprietorship
B. Limited partnership
C. Corporation
D. Joint stock company
E. General partnership
5. Will and Bill both enjoy sunshine, water, and surfboards. Thus, the two friends decided to create a business together renting surfboards, paddle boats, and inflatable devices in California. Will and Bill will equally share in the decision making and in the profits or loss. Which type of business did they create if they both have full personal liability for the firm's debts?
A. Sole proprietorship
B. Limited partnership
C. Corporation
D. Joint stock company
E. General partnership
6. Todd and Cathy created a firm that is a parate legal entity and will share ownership of that firm on a 50/50 basis. Which type of entity did they create if they have no personal liability for the firm's debts?
A. Limited partnership
B. Corporation
C. Sole proprietorship
D. General partnership
E. Public company
7. The potential conflict of interest between a firm's owners and its managers is referred to as which type of conflict?
A. Organizational
B. Structure
C. Formation
D. Agency
E. Territorial
8. The federal government has a tax claim on the cash flows of The Window Store. This c
laim is defined as a claim by one of the firm's:
A. residual owners.
B. shareholders.
C. financiers.
D. provisional partners.
E. stakeholders.
9. The "Say on Pay" bill requires corporations to do which one of the following?
A. Give the chairman of the board the final say on executive pay
B. Give the firm's creditors a nonbinding say on executive pay
C. Give the firm's creditors a binding say on executive pay
D. Give shareholders a nonbinding vote on executive pay
E. Give shareholders a binding vote on executive pay
我的初心10. In 2009, the Obama administration established a maximum limit on executive salaries for firms that received bailout funds. What was the amount of that salary limit? 失去的英文>对韵歌
A. $250,000
B. $500,000
C. $750,000
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D. $1,000,000
E. $1,500,000
11. Jamie is employed as a commercial loan officer for a regional bank centered in the Midwestern ction of the U.S. Her job falls into which one of the following areas of finance? 存在汪峰
A. International finance
B. Financial institutions
C. Corporate finance
D. Capital management
E. Investments
12. If you accept a job as a domestic curity analyst for a brokerage firm, you are most likely working in which one of the following financial areas?
书引号A. international finance
B. private placements
C. corporate finance
D. capital management
E. investments
13. Which one of the following occupations best fits into the international area of finance?
A. Bank teller
B. Treasury bill analyst
C. Currency trader
D. Insurance risk manager
E. Local bank manager
14. Which of the following individuals commonly u finance in the cour of their job?
I. Chief financial officers
II. Accountants
III. Security analysts
IV. Strategic managers
A. I and II only
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B. III and IV only
C. I and III only
D. I, II, and III only
E. I, II, III, and IV
15. Which one of the following functions should be assigned to the treasurer rather than the controller?
A. Data processing
B. Cost accounting
C. Tax management
D. Cash management
E. Financial accounting
16. Which one of the following correctly defines a common chain of command within a co
rporation?
A. The controller reports directly to corporate treasurer.
