Finance

6 years ago

A sole proprietorship is owned by:

A sole proprietorship is owned by:
A) one person.
B) two of more persons.
C) shareholders.
D) bankers.

Memphic 122 1 Reply

6 years ago

Which of the following organization forms for a business does NOT avoid double taxation?

Which of the following organization forms for a business does NOT avoid double taxation?
A) Limited partnership
B) "C" corporation
C) "S" corporation
D) Limited liability company

EpiscoWhat 178 1 Reply

6 years ago

Which of the following organization forms accounts for the most revenue?

Which of the following organization forms accounts for the most revenue?
A) "S" corporation
B) Limited partnership
C) "C" corporation
D) Limited liability company

johnpaech 111 1 Reply

6 years ago

Which of the following is NOT an advantage of a sole proprietorship?

Which of the following is NOT an advantage of a sole proprietorship?
A) Single taxation
B) Ease of setup
C) Limited liability
D) No separation of ownership and control

Memphic 206 1 Reply

6 years ago

Which of the following is/are an advantage of incorporation?

Which of the following is/are an advantage of incorporation?
A) Access to capital markets
B) Limited liability
C) Unlimited life
D) All of the above

Memphic 119 1 Reply

6 years ago

Which of the following statements is most correct?

Which of the following statements is most correct?
A) An advantage to incorporation is that it allows for less regulation of the business.
B) An advantage of a corporation is that it is subject to double taxation.
C) Unlike a partnersh

Memphic 144 1 Reply

6 years ago

A limited liability company is essentially:

A limited liability company is essentially:
A) a limited partnership without limited partners.
B) a limited partnership without a general partner.
C) just another name for a limited partnership.
D) just another name for a corporat

johnpaech 188 1 Reply

6 years ago

The distinguishing feature of a corporation is that:

The distinguishing feature of a corporation is that:
A) their is no legal difference between the corporation and its owners.
B) it is a legally defined, artificial being, separate from its owners.
C) it spreads liability for its corpor

Memphic 156 1 Reply

6 years ago

Which of the following are subject to double taxation?

Which of the following are subject to double taxation?
A) Corporation
B) Partnership
C) Sole proprietorship
D) A and B

Memphic 138 1 Reply

6 years ago

You own 100 shares of a Sub Chapter "S" corporation. The corporation earns $5.00 per ...

You own 100 shares of a Sub Chapter "S" corporation. The corporation earns $5.00 per share before taxes. Once the corporation has paid any corporate taxes that are due, it will distribute the rest of its earnings to its sharehol

EpiscoWhat 126 1 Reply

6 years ago

Explain the benefits of incorporation.

Memphic 93 1 Reply

6 years ago

In a corporation, the ultimate decisions regarding business matters are made by:

In a corporation, the ultimate decisions regarding business matters are made by:
A) the Board of Directors.
B) debt holders.
C) shareholders.
D) investors.

johnpaech 109 1 Reply

6 years ago

The person charged with running the corporation by instituting the rules and policies set by the ...

The person charged with running the corporation by instituting the rules and policies set by the board of directors is called:
A) the chief operating officer.
B) the company president.
C) the chief executive officer.
D) the chief

Memphic 122 1 Reply

6 years ago

The Principal-Agent Problem arises: (Multiple Choice)

The Principal-Agent Problem arises:
A) because managers have little incentive to work in the interest of shareholders when this means working against their own self-interest.
B) because of the separation of ownership and control in a corpor

Memphic 130 1 Reply

6 years ago

If shareholders are unhappy with a CEO's performance, they are most likely to:

If shareholders are unhappy with a CEO's performance, they are most likely to:
A) buy more shares in an effort to gain control of the firm.
B) file a shareholder resolution.
C) replace the CEO through a grassroots shareholder upri

Memphic 102 1 Reply

6 years ago

A ________ is when a rich individual or organization purchases a large fraction of the stock of a ...

A ________ is when a rich individual or organization purchases a large fraction of the stock of a poorly performing firm and in doing so gets enough votes to replace the board of directors and the CEO.
A) shareholder proposal
B) leveraged b

johnpaech 120 1 Reply

6 years ago

Which of the following statements is FALSE?

Which of the following statements is FALSE?
A) In bankruptcy, management is given the opportunity to reorganize the firm and renegotiate with debt holders.
B) Because a corporation is a separate legal entity, when it fails to repay its debt

EpiscoWhat 98 1 Reply

6 years ago

The most senior financial manager in a corporation is usually called:

The most senior financial manager in a corporation is usually called:
A) the chief executive officer.
B) the chief financial officer.
C) the chief operating officer.
D) the chairman of the board.

Memphic 104 1 Reply

6 years ago

An agency problem can be alleviated by:

An agency problem can be alleviated by:
A) requiring all firms to be sole proprietorships.
B) compensating managers in such a way that acting in the best interest of shareholders is also in the best interest of managers.
C) asking mana

Memphic 107 1 Reply

6 years ago

Do corporate decisions that increase the value of the firm's equity benefit society as a whole?

Do corporate decisions that increase the value of the firm's equity benefit society as a whole?
A) Yes, as long as the value of the firm's equity increases, society is better off.
B) Yes, as long as the increase in the value of th

EpiscoWhat 229 1 Reply

6 years ago

What strategies are available to shareholders to help ensure that managers are motivated to act in ...

What strategies are available to shareholders to help ensure that managers are motivated to act in the interest of the shareholders rather than their own interest?

johnpaech 93 1 Reply

6 years ago

How much would you have to pay to purchase 100 shares of XYZ stock on November 18th?

How much would you have to pay to purchase 100 shares of XYZ stock on November 18th?
A) $2520
B) $2525
C) $2593
D) $2600

EpiscoWhat 104 1 Reply

6 years ago

How much would you receive if you sold 200 shares of XYZ stock on November 11th?

How much would you receive if you sold 200 shares of XYZ stock on November 11th?
A) $5050
B) $5040
C) $5186
D) $5200

EpiscoWhat 128 1 Reply

6 years ago

The largest stock market in the world by volume is:

The largest stock market in the world by volume is:
A) the London Stock Exchange.
B) NASDAQ.
C) the American Stock Exchange.
D) the New York Stock Exchange.

johnpaech 98 1 Reply

6 years ago

An investment is said to be liquid if the investment:

An investment is said to be liquid if the investment:
A) has large day to day fluctuations in price.
B) has a large bid-ask spread.
C) can easily be converted into cash.
D) is traded on a stock exchange.

Memphic 155 1 Reply

6 years ago

What type of company trades on an organized stock exchange?

What type of company trades on an organized stock exchange?
A) A limited liability company
B) A private company
C) An "S" corporation
D) A public company

EpiscoWhat 119 1 Reply

6 years ago

Which of the following statements is FALSE?

Which of the following statements is FALSE?
A) On Nasdaq, stocks can and do have multiple market makers who compete with each other. Each market maker must post bid and ask prices in the Nasdaq network where they can be viewed by all participant

EpiscoWhat 123 1 Reply

6 years ago

If you buy shares of Coca-Cola on the primary market:

If you buy shares of Coca-Cola on the primary market:
A) Coca-Cola receives the money because the company has issued new shares.
B) you buy the shares from another investor who decided to sell the shares.
C) you buy the shares from the

EpiscoWhat 145 1 Reply

6 years ago

What are your net proceeds if you purchased 2500 shares of XYZ stock on November 11th and then sold ...

What are your net proceeds if you purchased 2500 shares of XYZ stock on November 11th and then sold them a week later on November 18th?

johnpaech 112 1 Reply

6 years ago

U.S. public companies are required to file their annual financial statements with the U.S. ...

U.S. public companies are required to file their annual financial statements with the U.S. Securities and Exchange Commission on which form?
A) 10-A
B) 10-K
C) 10-Q
D) 10-SEC

EpiscoWhat 117 1 Reply

6 years ago

Which of the following is NOT a financial statement that every public company is required to ...

Which of the following is NOT a financial statement that every public company is required to produce?
A) Income Statement
B) Statement of Sources and Uses of Cash
C) Balance Sheet
D) Statement of Stockholders' Equity

Memphic 95 1 Reply

6 years ago

The third party who checks annual financial statements to ensure that they are prepared according to ...

The third party who checks annual financial statements to ensure that they are prepared according to GAAP and verifies that the information reported is reliable is the:
A) NYSE Enforcement Board.
B) Accounting Standards Board.
C) Secur

johnpaech 100 1 Reply

6 years ago

What is the role of an auditor in financial statement analysis?

EpiscoWhat 62 1 Reply

6 years ago

What are the four financial statements that all public companies must produce?

EpiscoWhat 93 1 Reply

6 years ago

Cash is a: (Multiple Choice)

Cash is a:
A) long-term asset.
B) current asset.
C) current liability.
D) long-term liability.

johnpaech 139 1 Reply

6 years ago

Accounts payable is a: (Multiple Choice)

Accounts payable is a:
A) long-term liability.
B) current asset.
C) long-term asset.
D) current liability.

Memphic 156 1 Reply

6 years ago

A 30 year mortgage loan is a:

A 30 year mortgage loan is a:
A) long-term liability.
B) current liability.
C) current asset.
D) long-term asset.

johnpaech 122 1 Reply

6 years ago

Dustin's Donuts experienced a decrease in the value of the trademark of a company it acquired two ...

Dustin's Donuts experienced a decrease in the value of the trademark of a company it acquired two years ago. This reduction in value results in:
A) an impairment charge.
B) depreciation expense.
C) an operating expense.

Memphic 151 1 Reply

6 years ago

Which of the following is an example of an intangible asset?

Which of the following is an example of an intangible asset?
A) Brand names and trademarks
B) Patents
C) Customer relationships
D) All of the above are intangible assets.

Memphic 83 1 Reply