208518
Descripción
Test por waynejonesjnr, actualizado hace más de 1 año
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Creado por waynejonesjnr
hace más de 10 años
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Pregunta 1
Pregunta
What is the Accounting equation?
Respuesta
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Assets = Liabilities + Owners' Equity
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Liabilities = Assets + Owners' Equity
Pregunta 2
Pregunta
A share of stock in General Motors that your company owns would be
Respuesta
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A liability
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Owners' equity
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An asset
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None of the above
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All of the above
Pregunta 3
Pregunta
"Shareholder wealth" in a firm is represented by:
Respuesta
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the number of people employed in the firm.
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the book value of the firm's assets less the book value of its liabilities.
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the amount of salary paid to its employees.
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the market price per share of the firm's common stock.
Pregunta 4
Pregunta
The long-run objective of financial management is to
Respuesta
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maximize earnings per share.
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maximize the value of the firm's common stock
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maximize return on investment.
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maximize market share
Pregunta 5
Pregunta
What are the earnings per share (EPS) for a company that earned $100,000 last year in after-tax profits, has 200,000 common shares outstanding and $1.2 million in retained earning at the year end?
Respuesta
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$100,000
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$6.00
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$0.50
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$6.50
Pregunta 6
Pregunta
A(n) _________ would be an example of a principal, while a(n) _______ would be an example of an agent.
Respuesta
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shareholder; manager
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manager; owner
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accountant; bondholder
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shareholder; bondholder
Pregunta 7
Pregunta
The market price of a share of common stock is determined by:
Respuesta
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the board of directors of the firm.
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the stock exchange on which the stock is listed.
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the president of the company.
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individuals buying and selling the stock.
Pregunta 8
Pregunta
The focal point of financial management in a firm is:
Respuesta
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the number and types of products or services provided by the firm.
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the minimization of the amount of taxes paid by the firm.
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the creation of value for shareholders.
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the dollars profits earned by the firm.
Pregunta 9
Pregunta
The decision function of financial management can be broken down into the decisions:
Respuesta
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financing and investment
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investment, financing, and asset management
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financing and dividend
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capital budgeting, cash management, and credit management
Pregunta 10
Pregunta
The controller's responsibilities are primarily_______ in nature, while the treasurer's responsibilities are primarily related to _________.
Respuesta
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operational; financial management
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financial management; accounting
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accounting; financial management
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financial management; operations
Pregunta 11
Pregunta
A company's ________ is (are) potentially the most effective instrument of good corporate governance.
Respuesta
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common stock shareholders
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board of directors
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top executive officers
Pregunta 12
Pregunta
The Sarbanes-Oxley Act of 2002 (SOX) was largely a response to:
Respuesta
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a series of corporate scandals involving Enron, WorldCom, Global Crossing, Tyco and numerous others.
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a dramatic rise in the Canadian trade deficit.
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charges of excessive compensation to top corporate executives.
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rising complaints by investors and security analysts over the financial accounting for stock options.
Pregunta 13
Pregunta
A company has $1,000,000 Owners' Equity and $75,000 in liabilities. What are the assets for the company?
Respuesta
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$1,000,000
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$75,000
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$925,000
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None of the above
Pregunta 14
Pregunta
A company has cash in the bank of $850,000, inventory of $50,000 and a building worth $100,000. These are the only assets for the company. The company has liabilities that amount to $925,000. How much is owners' equity in this company?
Respuesta
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$1,000,000
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$75,000
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$925,000
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None of the above
Pregunta 15
Pregunta
Which of the following is not an asset:
Respuesta
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Retained earnings
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A roto-tiller
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A stapler
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20 kilos of fertilizer
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All of the above
Pregunta 16
Pregunta
The idea that Managers should try to provide each stakeholder group of the business with a satisfactory level of return is called:
Respuesta
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Satisficing
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Capital Markets
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Agency Problem
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Corporate Governance
Pregunta 17
Pregunta
Financial market for long-term loans, bonds and debentures, and shares is called:
Respuesta
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Capital Market
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Money Market
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Forex Market
Pregunta 18
Pregunta
The conflict of interest between the shareholders (the principals) and the Managers (agents) of a business, which arises when the Managers seek to maximize their own welfare is called:
Respuesta
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Wealth Maximization
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Profit Maximazation
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Satisficing
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The Agency Problem
Pregunta 19
Pregunta
Systems for directing and controlling a business, is called:
Respuesta
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Corporate Governance
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Financial Control
Pregunta 20
Pregunta
A statement setting out the purpose for which a business exists, is called:
Respuesta
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Mission Statement
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Business Plan
Pregunta 21
Pregunta
The idea that the main purpose of a business is to maximize the wealth of its owners (shareholders). What is it called?
Respuesta
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Wealth Maximization
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Profit Maximization
Pregunta 22
Pregunta
Financial instruments that allow managers and employees to acquire shares in a business at some future date on favourable terms, is called:
Respuesta
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Share Options
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Loan
Pregunta 23
Pregunta
The formula for calculating "Earnings Per Share (EPS)" is:
Respuesta
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Net Income / Number of Shares
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Liabilities + Owners' Equity
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