财务管理Chap001习题

WORD格式专业资料整理Chapter01-IntroductiontoCorporateFinanceChapter01IntroductiontoCorporateFinanceMultipleChoiceQuestionsThepersongenerallydirectlyresponsibleforoverseeingthetaxmanagement,costaccounting,financialaccounting,andinformationsystemfunctionsisthe:A.treasurer.B.director.C.controller.D.chairmanoftheboard.E.chiefexecutiveofficer.Thepersongenerallydirectlyresponsibleforoverseeingthecashandcreditfunctions,financialplanning,andcapitalexpendituresisthe:A.treasurer.B.director.C.controller.D.chairmanoftheboard.E.chiefoperationsofficer.Theprocessofplanningandmanagingafirm'slong-terminvestmentsiscalled:A.workingcapitalmanagement.B.financialdepreciation.C.agencycostanalysis.D.capitalbudgeting.E.capitalstructure.Themixtureofdebtandequityusedbyafirmtofinanceitsoperationsiscalled:A.workingcapitalmanagement.B.financialdepreciation.C.costanalysis.D.capitalbudgeting.E.capitalstructure.WORD格式专业资料整理1-1WORD格式专业资料整理Chapter01-IntroductiontoCorporateFinanceThemanagementofafirm'sshort-termassetsandliabilitiesiscalled:A.workingcapitalmanagement.B.debtmanagement.C.equitymanagement.D.capitalbudgeting.E.capitalstructure.Abusinessownedbyasingleindividualiscalleda:A.corporation.B.soleproprietorship.C.generalpartnership.D.limitedpartnership.E.limitedliabilitycompany.Abusinessformedbytwoormoreindividualswhoeachhaveunlimitedliabilityforbusinessdebtsiscalleda:A.corporation.B.soleproprietorship.C.generalpartnership.D.limitedpartnership.E.limitedliabilitycompany.Thedivisionofprofitsandlossesamongthemembersofapartnershipisformalizedinthe:A.indemnityclause.B.indenturecontract.C.statementofpurpose.D.partnershipagreement.E.groupcharter.WORD格式专业资料整理1-2WORD格式专业资料整理Chapter01-IntroductiontoCorporateFinanceAbusinesscreatedasadistinctlegalentitycomposedofoneormoreindividualsorentitiesiscalleda:corporation.soleproprietorship.generalpartnership.limitedpartnership.unlimitedliabilitycompany.Thecorporatedocumentthatsetsforththebusinesspurposeofafirmisthe:A.indenturecontract.B.statetaxagreement.C.corporatebylaws.D.debtcharter.E.articlesofincorporation.Therulesbywhichcorporationsgovernthemselvesarecalled:A.indentureprovisions.B.indemnityprovisions.C.charteragreements.bylaws.articlesofincorporation.Abusinessentityoperatedandtaxedlikeapartnership,butwithlimitedliabilityfortheowners,iscalleda:A.limitedliabilitycompany.B.generalpartnership.C.limitedproprietorship.D.soleproprietorship.E.corporation.WORD格式专业资料整理1-3WORD格式专业资料整理Chapter01-IntroductiontoCorporateFinance13.Theprimarygoaloffinancialmanagementisto:A.maximizecurrentdividendspershareoftheexistingstock.B.maximizethecurrentvaluepershareoftheexistingstock.C.avoidfinancialdistress.D.minimizeoperationalcostsandmaximizefirmefficiency.E.maintainsteadygrowthinbothsalesandnetearnings.Aconflictofinterestbetweenthestockholdersandmanagementofafirmiscalled:A.stockholders'liability.B.corporatebreakdown.C.theagencyproblem.D.corporateactivism.E.legalliability.Agencycostsreferto:A.thetotaldividendspaidtostockholdersoverthelifetimeofafirm.B.thecoststhatresultfromdefaultandbankruptcyofafirm.C.corporateincomesubjecttodoubletaxation.D.thecostsofanyconflictsofinterestbetweenstockholdersandmanagement.E.thetotalinterestpaidtocreditorsoverthelifetimeofthefirm.16.Astakeholderis:A.anypersonorentitythatownssharesofstockofacorporation.B.anypersonorentitythathasvotingrightsbasedonstockownershipofacorporation.C.apersonwhoinitiallystartedafirmandcurrentlyhasmanagementcontroloverthecashflowsofthefirmduetohis/hercurrentownershipofcompanystock.D.acreditortowhomthefirmcurrentlyowesmoneyandwhoconsequentlyhasaclaimonthecashflowsofthefirm.E.anypersonorentityotherthanastockholderorcreditorwhopotentiallyhasaclaimonthecashflowsofthefirm.WORD格式专业资料整理1-4WORD格式专业资料整理Chapter01-IntroductiontoCorporateFinanceTheSarbanesOxleyActof2002isintendedto:A.protectfinancialmanagersfrominvestors.B.nothaveanyeffectonforeigncompanies.C.reducecorporaterevenues.D.protectinvestorsfromcorporateabuses.E.decreaseauditcostsforU.S.firms.Thetreasurerandthecontrollerofacorporationgenerallyreporttothe:A.boardofdirectors.B.chairmanoftheboard.C.chiefexecutiveofficer.D.president.E.chieffinancialofficer.Whichoneofthefollowingstatementsiscorrectconcerningtheorganizationalstructureofacorporation"A.Thevicepresidentoffinancereportstothechairmanoftheboard.B.Thechiefexecutiveofficerreportstotheboardofdirectors.C.Thecontrollerreportstothepresident.D.Thetreasurerreportstothechiefexecutiveofficer.E.Thechiefoperationsofficerreportstothevicepresidentofproduction.Whichoneofthefollowingisacapitalbudgetingdecision"A.determininghowmuchdebtshouldbeborrowedfromaparticularlenderB.decidingwhetherornottoopenanewstoreC.decidingwhentorepayalong-termdebtD.determininghowmuchinventorytokeeponhandE.determininghowmuchmoneyshouldbekeptinthecheckingaccountWORD格式专业资料整理1-5WORD格式专业资料整理Chapter01-IntroductiontoCorporateFinanceTheSarbanesOxleyActwasenactedin:A.1952.1967.1998.2002.2006.SincetheimplementationofSarbanes-Oxley,thecostofgoingpublicintheUnitedStateshas:A.increased.B.decreased.C.remainedaboutthesame.D.beenerratic,butovertimehasdecreased.E.ItisimpossibletotellsinceSarbanes-Oxleycompliancedoesnotinvolvedirectcosttothefirm.Workingcapitalmanagementincludesdecisionsconcerningwhichofthefollowing"I.accountspayableII.long-termdebtaccountsreceivableIV.inventoryA.IandIIonlyB.IandIIIonlyC.IIandIVonlyD.I,II,andIIIonlyE.I,III,andIVonly24.Workingcapitalmanagement:A.ensuresthatsufficientequipmentisavailabletoproducetheamountofproductdesiredonadailybasis.B.ensuresthatlong-termdebtisacquiredatthelowestpossiblecost.C.ensuresthatdividendsarepaidtoallstockholdersonanannualbasis.D.balancestheamountofcompanydebttotheamountofavailableequity.E.isconcernedwiththeupperportionofthebalancesheet.WORD格式专业资料整理1-6WORD格式专业资料整理Chapter01-IntroductiontoCorporateFinanceWhichoneofthefollowingstatementsconcerningasoleproprietorshipiscorrect"A.Asoleproprietorshipistheleastcommonformofbusinessownership.B.Theprofitsofasoleproprietorshiparetaxedtwice.C.Theownersofasoleproprietorshipshareprofitsasestablishedbythepartnershipagreement.D.Theownerofasoleproprietorshipmaybeforcedtosellhis/herpersonalassetstopaycompanydebts.E.Asoleproprietorshipisoftenstructuredasalimitedliabilitycompany.Whichoneofthefollowingstatementsconcerningasoleproprietorshipiscorrect"A.Thelifeofthefirmislimitedtothelifespanoftheowner.B.Theownercangenerallyraiselargesumsofcapitalquiteeasily.C.Theownershipofthefirmiseasytotransfertoanotherindividual.D.Thecompanymustpayseparatetaxesfromthosepaidbytheowner.E.Thelegalcoststoformasoleproprietorshiparequitesubstantial.Whichoneofthefollowingbestdescribestheprimaryadvantageofbeingalimitedpartnerratherthanageneralpartner"A.entitlementtoalargerportionofthepartnership'sincomeB.abilitytomanagetheday-to-dayaffairsofthebusinessC.nopotentialfinanciallossD.greatermanagementresponsibilityE.liabilityforfirmdebtslimitedtothecapitalinvestedAgeneralpartner:A.haslesslegalliabilitythanalimitedpartner.B.hasmoremanagementresponsibilitythanalimitedpartner.C.facesdoubletaxationwhereasalimitedpartnerdoesnot.D.cannotlosemorethantheamountofhis/herequityinvestment.E.isthetermappliedonlytocorporationswhichinvestinpartnerships.WORD格式专业资料整理1-7WORD格式专业资料整理Chapter01-IntroductiontoCorporateFinance29.Apartnership:A.istaxedthesameasacorporation.B.agreementdefineswhetherthebusinessincomewillbetaxedlikeapartnershiporacorporation.C.terminatesatthedeathofanygeneralpartner.D.haslessofanabilitytoraisecapitalthanaproprietorship.E.allowsforeasytransferofinterestfromonegeneralpartnertoanother.Whichofthefollowingaredisadvantagesofapartnership"I.limitedlifeofthefirmII.personalliabilityforfirmdebtIII.greaterabilitytoraisecapitalthanasoleproprietorshipIV.lackofabilitytotransferpartnershipinterestA.IandIIonlyB.IIIandIVonlyC.IIandIIIonlyD.I,II,andIVonlyE.I,III,andIVonlyWhichofthefollowingareadvantagesofthecorporateformofbusinessownership"I.limitedliabilityforfirmdebtII.doubletaxationabilitytoraisecapitalIV.unlimitedfirmlifeA.IandIIonlyB.IIIandIVonlyC.I,II,andIIIonlyD.II,III,andIVonlyE.I,III,andIVonly32.Whichoneofthefollowingstatementsiscorrectconcerningcorporations"A.Thelargestfirmsareusuallycorporations.B.Themajorityoffirmsarecorporations.C.Thestockholdersareusuallythemanagersofacorporation.D.Theabilityofacorporationtoraisecapitalisquitelimited.E.Theincomeofacorporationistaxedaspersonalincomeofthestockholders.WORD格式专业资料整理1-8WORD格式专业资料整理Chapter01-IntroductiontoCorporateFinance33.Whichoneofthefollowingstatementsiscorrect"A.Bothpartnershipsandcorporationsincurdoubletaxation.B.Bothsoleproprietorshipsandpartnershipsaretaxedinasimilarfashion.C.Partnershipsarethemostcomplicatedtypeofbusinesstoform.D.Bothpartnershipsandcorporationshavelimitedliabilityforgeneralpartnersandshareholders.E.Alltypesofbusinessformationshavelimitedlives.34.Thearticlesofincorporation:A.canbeusedtoremovecompanymanagement.B.areamendedannuallybythecompanystockholders.C.setforththenumberofsharesofstockthatcanbeissued.D.setforththerulesbywhichthecorporationregulatesitsexistence.E.cansetforththeconditionsunderwhichthefirmcanavoiddoubletaxation.35.Thebylaws:A.establishthenameofthecorporation.B.areruleswhichapplyonlytolimitedliabilitycompanies.C.setforththepurposeofthefirm.D.mandatetheprocedureforelectingcorporatedirectors.E.setforththeprocedurebywhichthestockholderselecttheseniormanagersofthefirm.Theownersofalimitedliabilitycompanyprefer:A.beingtaxedlikeacorporation.B.havingliabilityexposuresimilartothatofasoleproprietor.C.beingtaxedpersonallyonallbusinessincome.D.havingliabilityexposuresimilartothatofageneralpartner.E.beingtaxedlikeacorporationwithliabilitylikeapartnership.WORD格式专业资料整理1-9WORD格式专业资料整理Chapter01-IntroductiontoCorporateFinanceWhichoneofthefollowingbusinesstypesisbestsuitedtoraisinglargeamountsofcapital"A.soleproprietorshipB.limitedliabilitycompanycorporationgeneralpartnershiplimitedpartnershipWhichtypeofbusinessorganizationhasalltherespectiverightsandprivilegesofalegalperson"A.soleproprietorshipB.generalpartnershipC.limitedpartnershipD.corporationE.limitedliabilitycompanyFinancialmanagersshouldstrivetomaximizethecurrentvaluepershareoftheexistingstockbecause:A.doingsoguaranteesthecompanywillgrowinsizeatthemaximumpossiblerate.B.doingsoincreasesthesalariesofalltheemployees.C.thecurrentstockholdersaretheownersofthecorporation.D.doingsomeansthefirmisgrowinginsizefasterthanitscompetitors.E.themanagersoftenreceivesharesofstockaspartoftheircompensation.Thedecisionsmadebyfinancialmanagersshouldallbeoneswhichincreasethe:A.sizeofthefirm.B.growthrateofthefirm.C.marketabilityofthemanagers.D.marketvalueoftheexistingowners'equity.E.financialdistressofthefirm.WORD格式专业资料整理1-10WORD格式专业资料整理Chapter01-IntroductiontoCorporateFinanceWhichoneofthefollowingactionsbyafinancialmanagercreatesanagencyproblem"A.refusingtoborrowmoneywhendoingsowillcreatelossesforthefirmB.refusingtolowersellingpricesifdoingsowillreducethenetprofitsC.agreeingtoexpandthecompanyattheexpenseofstockholders'valueD.agreeingtopaybonusesbasedonthebookvalueofthecompanystockE.increasingcurrentcostsinordertoincreasethemarketvalueofthestockholders'equityWhichofthefollowinghelpconvincemanagerstoworkinthebestinterestofthestockholders"I.compensationbasedonthevalueofthestockII.stockoptionplansIII.threatofaproxyfightIV.threatofconversiontoapartnershipA.IandIIonlyB.IIandIIIonlyC.I,IIandIIIonlyD.IandIIIonlyE.I,II,III,andIVWhichformofbusinessstructurefacesthegreatestagencyproblems"A.soleproprietorshipB.generalpartnershipC.limitedpartnershipcorporationlimitedliabilitycompany44.Aproxyfightoccurswhen:A.theboardsolicitsrenewalofcurrentmembers.B.agroupsolicitsproxiestoreplacetheboardofdirectors.C.acompetitorofferstoselltheirownershipinthefirm.D.thefirmfilesforbankruptcy.E.thefirmisdeclaredinsolvent.WORD格式专业资料整理1-11WORD格式专业资料整理Chapter01-IntroductiontoCorporateFinanceWhichoneofthefollowingpartiesisconsideredastakeholderofafirm"A.employeeB.short-termcreditorC.long-termcreditorD.preferredstockholderE.commonstockholderWhichofthefollowingarekeyrequirementsoftheSarbanes-OxleyAct"I.Officersofthecorporationmustreviewandsignannualreports.II.Officersofthecorporationmustnowownmorethan5%ofthefirm'sstock.III.AnnualreportsmustlistdeficienciesininternalcontrolsIV.AnnualreportsmustbefiledwiththeSECwithin30daysofyearend.A.IonlyB.IIonlyC.IandIIIonlyD.IIandIIIonlyE.IIandIVonlyInsidertradingis:legal.illegal.impossibletohaveinourefficientmarket.discouraged,butlegal.listonlythesecuritiesofthelargestfirms.Soleproprietorshipsarepredominantlystartedbecause:A.theyareeasilyandcheaplysetup.B.theproprietorshiplifeislimitedtothebusinessowner'slife.C.allbusinesstaxesarepaidasindividualtax.D.Alloftheabove.E.Noneoftheabove.WORD格式专业资料整理1-12WORD格式专业资料整理Chapter01-IntroductiontoCorporateFinance49.Managersareencouragedtoactinshareholders'interestsby:A.shareholderelectionofaboardofdirectorswhoselectmanagement.B.thethreatofatakeoverbyanotherfirm.C.compensationcontractsthattiecompensationtocorporatesuccess.D.BothAandB.E.Alloftheabove.TheSecuritiesExchangeActof1934focuseson:A.allstocktransactions.B.salesofexistingsecurities.C.issuanceofnewsecurities.D.insidertrading.E.FederalDepositInsuranceCorporation(FDIC)insurance.ThebasicregulatoryframeworkintheUnitedStateswasprovidedby:A.theSecuritiesActof1933.B.theSecuritiesExchangeActof1934.C.themonetarysystem.D.AandB.E.Alloftheabove.TheSecuritiesActof1933focuseson:A.allstocktransactions.B.salesofexistingsecurities.C.issuanceofnewsecurities.D.insidertrading.E.FederalDepositInsuranceCorporation(FDIC)insurance.53.Inalimitedpartnership:A.eachlimitedpartner'sliabilityislimitedtohisnetworth.B.eachlimitedpartner'sliabilityislimitedtotheamountheputintothepartnership.C.eachlimitedpartner'sliabilityislimitedtohisannualsalary.D.thereisnolimitationonliability;onlyalimitationonwhatthepartnercanearn.E.Noneoftheabove.WORD格式专业资料整理1-13WORD格式专业资料整理Chapter01-IntroductiontoCorporateFinance54.Accountingprofitsandcashflowsare:A.generallythesamesincetheyreflectcurrentlawsandaccountingstandards.B.generallythesamesinceaccountingprofitsreflectwhenthecashflowsarereceived.C.generallynotthesamesinceGAAPallowsforrevenuerecognitionseparatefromthereceiptofcashflows.D.generallynotthesamebecausecashinflowsoccurbeforerevenuerecognition.E.Bothcandd.EssayQuestions55.Listandbrieflydescribethethreebasicquestionsaddressedbyafinancialmanager.Whatadvantagesdoesthecorporateformoforganizationhaveoversoleproprietorshipsorpartnerships"Ifthecorporateformofbusinessorganizationhassomanyadvantagesoverthesoleproprietorship,whyisitsocommonforsmallbusinessestoinitiallybeformedassoleproprietorships"WORD格式专业资料整理1-14WORD格式专业资料整理Chapter01-IntroductiontoCorporateFinance58.Whatshouldbethegoalofthefinancialmanagerofacorporation"Why"59.Doyouthinkagencyproblemsariseinsoleproprietorshipsand/orpartnerships"Assumeforamomentthatthestockholdersinacorporationhaveunlimitedliabilityforcorporatedebts.Ifso,whatimpactwouldthishaveonthefunctioningofprimaryandsecondarymarketsforcommonstock"Supposeyouown100sharesofIBMstockwhichyouintendtoselltoday.Sinceyouwillsellitinthesecondarymarket,IBMwillreceivenodirectcashflowsasaconsequenceofyoursale.Why,then,shouldIBM'smanagementcareaboutthepriceyougetforyourshares"WORD格式专业资料整理1-15WORD格式专业资料整理Chapter01-IntroductiontoCorporateFinanceOnethinglenderssometimesrequirewhenloaningmoneytoasmallcorporationisanassignmentofthecommonstockascollateralontheloan.Then,ifthebusinessfailstorepayitsloan,theownershipofthestockcertificatescanbetransferreddirectlytothelender.Whymightalenderwantsuchanassignment"Whatadvantageofthecorporateformoforganizationcomesintoplayhere"WhymightacorporationwishtolistitssharesonanationalexchangesuchastheNYSEasopposedtoaregionalexchangeorNASDAQ"WORD格式专业资料整理1-16WORD格式专业资料整理Chapter01-IntroductiontoCorporateFinanceChapter01IntroductiontoCorporateFinanceAnswerKeyMultipleChoiceQuestionsThepersongenerallydirectlyresponsibleforoverseeingthetaxmanagement,costaccounting,financialaccounting,andinformationsystemfunctionsisthe:treasurer.director.controller.chairmanoftheboard.chiefexecutiveofficer.Difficultylevel:EasyTopic:CONTROLLERType:DEFINITIONSThepersongenerallydirectlyresponsibleforoverseeingthecashandcreditfunctions,financialplanning,andcapitalexpendituresisthe:treasurer.director.controller.chairmanoftheboard.chiefoperationsofficer.Difficultylevel:EasyTopic:TREASURERType:DEFINITIONSWORD格式专业资料整理1-17WORD格式专业资料整理Chapter01-IntroductiontoCorporateFinanceTheprocessofplanningandmanagingafirm'slong-terminvestmentsiscalled:A.workingcapitalmanagement.B.financialdepreciation.C.agencycostanalysis.D.capitalbudgeting.E.capitalstructure.Difficultylevel:EasyTopic:CAPITALBUDGETINGType:DEFINITIONSThemixtureofdebtandequityusedbyafirmtofinanceitsoperationsiscalled:A.workingcapitalmanagement.B.financialdepreciation.C.costanalysis.D.capitalbudgeting.E.capitalstructure.Difficultylevel:EasyTopic:CAPITALSTRUCTUREType:DEFINITIONSThemanagementofafirm'sshort-termassetsandliabilitiesiscalled:A.workingcapitalmanagement.B.debtmanagement.C.equitymanagement.D.capitalbudgeting.E.capitalstructure.Difficultylevel:EasyTopic:WORKINGCAPITALMANAGEMENTType:DEFINITIONSWORD格式专业资料整理1-18WORD格式专业资料整理Chapter01-IntroductiontoCorporateFinanceAbusinessownedbyasingleindividualiscalleda:A.corporation.B.soleproprietorship.C.generalpartnership.D.limitedpartnership.E.limitedliabilitycompany.Difficultylevel:EasyTopic:SOLEPROPRIETORSHIPType:DEFINITIONSAbusinessformedbytwoormoreindividualswhoeachhaveunlimitedliabilityforbusinessdebtsiscalleda:A.corporation.B.soleproprietorship.C.generalpartnership.D.limitedpartnership.E.limitedliabilitycompany.Difficultylevel:EasyTopic:GENERALPARTNERSHIPType:DEFINITIONSThedivisionofprofitsandlossesamongthemembersofapartnershipisformalizedinthe:A.indemnityclause.B.indenturecontract.C.statementofpurpose.D.partnershipagreement.E.groupcharter.Difficultylevel:EasyTopic:PARTNERSHIPAGREEMENTType:DEFINITIONSWORD格式专业资料整理1-19WORD格式专业资料整理Chapter01-IntroductiontoCorporateFinanceAbusinesscreatedasadistinctlegalentitycomposedofoneormoreindividualsorentitiesiscalleda:corporation.soleproprietorship.generalpartnership.limitedpartnership.unlimitedliabilitycompany.Difficultylevel:EasyTopic:CORPORATIONType:DEFINITIONSThecorporatedocumentthatsetsforththebusinesspurposeofafirmisthe:A.indenturecontract.B.statetaxagreement.C.corporatebylaws.D.debtcharter.E.articlesofincorporation.Difficultylevel:EasyTopic:ARTICLESOFINCORPORATIONType:DEFINITIONSTherulesbywhichcorporationsgovernthemselvesarecalled:A.indentureprovisions.B.indemnityprovisions.C.charteragreements.bylaws.articlesofincorporation.Difficultylevel:EasyTopic:BYLAWSType:DEFINITIONSWORD格式专业资料整理1-20WORD格式专业资料整理Chapter01-IntroductiontoCorporateFinanceAbusinessentityoperatedandtaxedlikeapartnership,butwithlimitedliabilityfortheowners,iscalleda:A.limitedliabilitycompany.B.generalpartnership.C.limitedproprietorship.D.soleproprietorship.E.corporation.Difficultylevel:EasyTopic:LIMITEDLIABILITYCOMPANYType:DEFINITIONS13.Theprimarygoaloffinancialmanagementisto:maximizecurrentdividendspershareoftheexistingstock.maximizethecurrentvaluepershareoftheexistingstock.avoidfinancialdistress.minimizeoperationalcostsandmaximizefirmefficiency.maintainsteadygrowthinbothsalesandnetearnings.Difficultylevel:EasyTopic:FINANCIALMANAGEMENTGOALType:DEFINITIONSAconflictofinterestbetweenthestockholdersandmanagementofafirmiscalled:A.stockholders'liability.B.corporatebreakdown.C.theagencyproblem.D.corporateactivism.E.legalliability.Difficultylevel:EasyTopic:AGENCYPROBLEMType:DEFINITIONSWORD格式专业资料整理1-21WORD格式专业资料整理Chapter01-IntroductiontoCorporateFinance15.Agencycostsreferto:thetotaldividendspaidtostockholdersoverthelifetimeofafirm.thecoststhatresultfromdefaultandbankruptcyofafirm.corporateincomesubjecttodoubletaxation.thecostsofanyconflictsofinterestbetweenstockholdersandmanagement.thetotalinterestpaidtocreditorsoverthelifetimeofthefirm.Difficultylevel:EasyTopic:AGENCYCOSTSType:DEFINITIONS16.Astakeholderis:anypersonorentitythatownssharesofstockofacorporation.anypersonorentitythathasvotingrightsbasedonstockownershipofacorporation.apersonwhoinitiallystartedafirmandcurrentlyhasmanagementcontroloverthecashflowsofthefirmduetohis/hercurrentownershipofcompanystock.acreditortowhomthefirmcurrentlyowesmoneyandwhoconsequentlyhasaclaimonthecashflowsofthefirm.anypersonorentityotherthanastockholderorcreditorwhopotentiallyhasaclaimonthecashflowsofthefirm.Difficultylevel:EasyTopic:STAKEHOLDERSType:DEFINITIONSTheSarbanesOxleyActof2002isintendedto:A.protectfinancialmanagersfrominvestors.B.nothaveanyeffectonforeigncompanies.C.reducecorporaterevenues.D.protectinvestorsfromcorporateabuses.E.decreaseauditcostsforU.S.firms.Difficultylevel:EasyTopic:SARBANESOXLEYType:CONCEPTSWORD格式专业资料整理1-22WORD格式专业资料整理Chapter01-IntroductiontoCorporateFinanceThetreasurerandthecontrollerofacorporationgenerallyreporttothe:A.boardofdirectors.B.chairmanoftheboard.C.chiefexecutiveofficer.president.chieffinancialofficer.Difficultylevel:EasyTopic:ORGANIZATIONALSTRUCTUREType:CONCEPTSWhichoneofthefollowingstatementsiscorrectconcerningtheorganizationalstructureofacorporation"A.Thevicepresidentoffinancereportstothechairmanoftheboard.B.Thechiefexecutiveofficerreportstotheboardofdirectors.C.Thecontrollerreportstothepresident.D.Thetreasurerreportstothechiefexecutiveofficer.E.Thechiefoperationsofficerreportstothevicepresidentofproduction.Difficultylevel:MediumTopic:ORGANIZATIONALSTRUCTUREType:CONCEPTS20.Whichoneofthefollowingisacapitalbudgetingdecision"determininghowmuchdebtshouldbeborrowedfromaparticularlenderdecidingwhetherornottoopenanewstoredecidingwhentorepayalong-termdebtdetermininghowmuchinventorytokeeponhanddetermininghowmuchmoneyshouldbekeptinthecheckingaccountDifficultylevel:MediumTopic:CAPITALBUDGETINGType:CONCEPTSWORD格式专业资料整理1-23WORD格式专业资料整理Chapter01-IntroductiontoCorporateFinanceTheSarbanesOxleyActwasenactedin:A.1952.1967.1998.2002.2006.Difficultylevel:MediumTopic:SARBANESOXLEYType:CONCEPTSSincetheimplementationofSarbanes-Oxley,thecostofgoingpublicintheUnitedStateshas:A.increased.B.decreased.C.remainedaboutthesame.D.beenerratic,butovertimehasdecreased.E.ItisimpossibletotellsinceSarbanes-Oxleycompliancedoesnotinvolvedirectcosttothefirm.Difficultylevel:MediumTopic:SARBANES-OXLEYType:CONCEPTS23.Workingcapitalmanagementincludesdecisionsconcerningwhichofthefollowing"I.accountspayableII.long-termdebtaccountsreceivableIV.inventoryA.IandIIonlyB.IandIIIonlyC.IIandIVonlyD.I,II,andIIIonlyE.I,III,andIVonlyDifficultylevel:MediumTopic:WORKINGCAPITALMANAGEMENTType:CONCEPTSWORD格式专业资料整理1-24WORD格式专业资料整理Chapter01-IntroductiontoCorporateFinance24.Workingcapitalmanagement:A.ensuresthatsufficientequipmentisavailabletoproducetheamountofproductdesiredonadailybasis.B.ensuresthatlong-termdebtisacquiredatthelowestpossiblecost.C.ensuresthatdividendsarepaidtoallstockholdersonanannualbasis.D.balancestheamountofcompanydebttotheamountofavailableequity.E.isconcernedwiththeupperportionofthebalancesheet.Difficultylevel:EasyTopic:WORKINGCAPITALMANAGEMENTType:CONCEPTSWhichoneofthefollowingstatementsconcerningasoleproprietorshipiscorrect"A.Asoleproprietorshipistheleastcommonformofbusinessownership.B.Theprofitsofasoleproprietorshiparetaxedtwice.C.Theownersofasoleproprietorshipshareprofitsasestablishedbythepartnershipagreement.D.Theownerofasoleproprietorshipmaybeforcedtosellhis/herpersonalassetstopaycompanydebts.E.Asoleproprietorshipisoftenstructuredasalimitedliabilitycompany.Difficultylevel: