Preview

Summary on the Address

Satisfactory Essays
Open Document
Open Document
5424 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Summary on the Address
Chapter 001 Introduction to Corporate Finance

Multiple Choice Questions 1. The person generally directly responsible for overseeing the tax management, cost accounting, financial accounting, and data processing functions is the: a. treasurer. b. director. C. controller. d. chairman of the board. e. chief executive officer.

SECTION: 1.1 TOPIC: CONTROLLER TYPE: DEFINITIONS

2. The person generally directly responsible for overseeing the cash and credit functions, financial planning, and capital expenditures is the: A. treasurer. b. director. c. controller. d. chairman of the board. e. chief operations officer.

SECTION: 1.1 TOPIC: TREASURER TYPE: DEFINITIONS

3. The process of identifying projects which will produce positive cash flows is called: a. working capital management. b. financial depreciation. c. agency cost analysis. D. capital budgeting. e. capital structure.

SECTION: 1.1 TOPIC: CAPITAL BUDGETING TYPE: DEFINITIONS

1-1

Chapter 001 Introduction to Corporate Finance

4. The mix of debt and equity capital for a firm is referred to as the firm's: a. working capital management. b. cash management. c. cost analysis. d. capital budgeting. E. capital structure.

SECTION: 1.1 TOPIC: CAPITAL STRUCTURE TYPE: DEFINITIONS

5. The management of a firm's short-term assets and liabilities is called: A. working capital management. b. debt management. c. equity management. d. capital budgeting. e. capital structure.

SECTION: 1.1 TOPIC: WORKING CAPITAL MANAGEMENT TYPE: DEFINITIONS

6. A business owned by a solitary individual is called a: a. corporation. B. sole proprietorship. c. general partnership. d. limited partnership. e. limited liability company.

SECTION: 1.2 TOPIC: SOLE PROPRIETORSHIP TYPE: DEFINITIONS

1-2

Chapter 001 Introduction to Corporate Finance

7. A business formed by two or more individuals who each have unlimited liability for all of the firm's business debts is called a: a. corporation. b. sole proprietorship.

You May Also Find These Documents Helpful

  • Satisfactory Essays

    LIT1 task a and b

    • 2391 Words
    • 8 Pages

    Liability: The business and the owner are considered one entity. A sole proprietor will be held personally responsible for any debts, profit, or lawsuits that arise during the operation of the business. They are also personally liable for the acts or misconduct of any employee or company representative during business operations.…

    • 2391 Words
    • 8 Pages
    Satisfactory Essays
  • Satisfactory Essays

    SOLE PROPRIETORSHIP: A business owned by a single person and that person is solely responsible for the debts (unlimited). It’s a business that is simple and easy to set up.…

    • 1025 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Lit1 Task 310.1.2-01-06

    • 1471 Words
    • 6 Pages

    LIABILITY – There is no separation between the individual and the business. As the owner and operator of a sole proprietorship, all of the profit and loss is the personal responsibility of the business owner creating unlimited liability.…

    • 1471 Words
    • 6 Pages
    Satisfactory Essays
  • Powerful Essays

    Acct504 Study Questions

    • 12050 Words
    • 49 Pages

    6. The sole proprietorship form of business organization A. must have at least two owners in most states. B. generally receives favorable tax treatment relative to a corporation. C. combines the records of the…

    • 12050 Words
    • 49 Pages
    Powerful Essays
  • Good Essays

    Lit - Task310.2.1-05

    • 1425 Words
    • 6 Pages

    * Liability: A sole proprietorship has unlimited liability. This can affect all the owners’ assets, both business and personal.…

    • 1425 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    Lit 1 Task 1a

    • 1231 Words
    • 5 Pages

    SOLE PROPRIETORSHIP: The owner and the business are considered one. The owner takes all the risk and receives all the profits. It is easy and inexpensive to start up a sole proprietorship however a sole owner has trouble raising capital which could limit growth.…

    • 1231 Words
    • 5 Pages
    Satisfactory Essays
  • Good Essays

    LIT1 Task 1

    • 1514 Words
    • 5 Pages

    Liability – There is unlimited liability in a sole proprietorship. The owner is solely responsible for any debts that may occur.…

    • 1514 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Forensic Accounting Quiz

    • 459 Words
    • 2 Pages

    18. Inventory turnover and asset turnover are both examples of which type of financial ratio?…

    • 459 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Fi515 Week One Mini Case

    • 508 Words
    • 3 Pages

    B. Sole Proprietorship: Sole owner of a business. The manager and the owner is the same person. The sole proprietorship has unlimited liability. You pay taxes as owner and for the business ones. The advantage is the ease with which it can be establish and the lack of regulations governing it.…

    • 508 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    LIT1 Task 1 - A

    • 1253 Words
    • 6 Pages

    Liability – Each person has unlimited personal liability for the business. Like a sole proprietorship, any debt incurred by the business will have to be covered personally by the partners.…

    • 1253 Words
    • 6 Pages
    Satisfactory Essays
  • Good Essays

    Lit Task 1

    • 1732 Words
    • 7 Pages

    Liability- All liability is held with the business owner. Sole proprietorship has unlimited liability and the owner will be held responsible in all levels including, financially. Because this type of business is funded by the personal owner, he/she may be required to give up personal property if the business were to fail. Even if the cause for failing were due to unforeseen circumstances such as declining market conditions or an employee’s injury due to his own negligence.…

    • 1732 Words
    • 7 Pages
    Good Essays
  • Good Essays

    The management has the final responsibility for the integrity of internal controls. The client prepares the financial statements and the management makes certain claims or assertions about these numbers. The auditor's validate the management's assertions by identifying audit objectives, which are the auditor's version of assertions on the financial statements. The auditors are hired by the audit committee, which is comprised of key members with financial expertise and not the management. The audit committee relies on the management to run the daily operations of the business, and maintain quality and integrity of the accounting and reporting practices, internal controls, and financial statements. The management is also responsible for legal and regulatory compliance, the auditors’ qualifications and independence, and the performance of the company’s internal audit function and independent auditors. The audit committee is responsible for the oversight of all of the above management responsibilities. Other responsibilities of the audit committee include:…

    • 545 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Bus 375

    • 1207 Words
    • 5 Pages

    larger than sole proprietorships. In a general (or regular) partnership, all partners have unlimited liability, and each partner is legally liable for all of the debts of the partnership.…

    • 1207 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    * Finance (Internal Audit Manager) – finance will need to ensure proper audits are complete and reports are processed accurately.…

    • 512 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Describe the roles of an organization's chief financial officer (CFO) or controller, treasurer, and internal auditor.…

    • 1730 Words
    • 7 Pages
    Good Essays