Generally, a corporation is owned by its:
Financial Management 1

Quiz
•
Business
•
2nd Grade
•
Hard
Елена Рогова
Used 30+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 5 pts
Managers
Directors
Shareholders
All of these options
2.
MULTIPLE CHOICE QUESTION
20 sec • 5 pts
A firm's investment decision is also called the:
Financing decision
Capital budgeting decision
Liquidity decision
None of these options
3.
MULTIPLE CHOICE QUESTION
20 sec • Ungraded
Financing decisions are more important than investment decisions:
True
False
4.
MULTIPLE CHOICE QUESTION
20 sec • 5 pts
When shareholders appoint financial managers to run firms and make investment decisions, this is called:
Agency cost
Financing decision
Limited liability
Separation of ownership and control
5.
MULTIPLE CHOICE QUESTION
20 sec • 5 pts
Which of the following is not an advantage of separation of ownership and management of corporations?
Corporations can exist forever
Professional managers can be hired
Agency costs are incurred
Transfer of ownership can be facilitated without affecting the operations of the firm.
6.
MULTIPLE CHOICE QUESTION
20 sec • 5 pts
The financial goal of a corporation is to maximize:
sales
profits
market value of the firm
managers' benefits
7.
MULTIPLE CHOICE QUESTION
20 sec • 5 pts
Agency costs are costs incurred when:
Managers do not attempt to maximize firm value
Shareholders incur costs to monitor the managers and influence their actions
Both of these options
None of these options
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