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Home Page Flashcards Finance 450 - Chapter 1 - Quiz 1 - Flashcards

Finance 450 – Chapter 1 – Quiz 1 – Flashcards

Sabrina Peterson
8 July 2022
10 test answers

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question
Corporation
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A legal entity separate from its owners.
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Provide limited liability & avoid double taxation
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Limited liability companies are primarily designed to:
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Market value of existing stock.
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The primary goal of financial management is to maximize:
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Increase the protections against corporate fraud.
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Which one of the following best describes the primary intent of the Sarbanes-Oxley Act of 2002?
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Automatically increasing management salaries on an annual basis.
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Probably the least effective means of aligning management goals with shareholder interests is:
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Secondary market.
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You contacted your stock broker this morning and placed an order to sell 300 shares of a stock that trades on the NYSE. This sale will occur in the:
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Working capital management.
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Theo's BBQ has $48,000 in current assets and $39,000 in current liabilities. Decisions related to these accounts as referred to as:
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Stakeholders.
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An employee has a claim on the cash flows of Martin's Machines. This claim is defined as a claim by one of the firm's:
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The controller reports directly to the chief financial officer.
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Which one of the following correctly defines a common chain of command within a corporation?
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Limited partnership
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Which one of the following forms of business organization offers liability protection to some of its owners but not to all of its owners?
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Question
What is the right structure for an essay
Answer
A paragraph is a related group of sentences that develops one main idea. Each paragraph in the body of the essay should contain:
  • a topic sentence that states the main or controlling idea
  • supporting sentences to explain and develop the point you’re making
  • evidence from your reading or an example from the subject area that supports your point
  • analysis of the implication/significance/impact of the evidence finished off with a critical conclusion you have drawn from the evidence.