Fin 320 Ch 1

Limited liability companies are primarily designed to:

Which one of the following statements about a limited partnership is correct?

Which one of the following applies to a general partnership?

Which one of the following is a capital structure decision?

Which one of the following is most apt to align management's priorities with shareholders' interests?

Jamie is employed as a commercial loan officer for a regional bank centered in the midwestern section of the U.S. Her job falls into which one of the following areas of finance?

The Sarbanes-Oxley Act in 2002 was prompted by which one of the following from the 1990s?

Which one of the following forms of business organization offers liability protection to some of its owners but not to all of its owners?

The potential conflict of interest between a firm's owners and its managers is referred to as which type of conflict?

Will and Bill both enjoy sunshine, water, and surfboards. Thus, the two friends decided to create a business together renting surfboards, paddle boats, and inflatable devices in California. Will and Bill will equally share in the decision making and in the profits or losses. Which type of business did they create if they both have full personal liability for the firm's debts?

Which one of the following is an advantage of being a limited partner?

Margie opened a used bookstore and is both the 100 percent owner and the store's manager. Which type of business entity does Margie own if she is personally liable for all the store's debts?

Which one of the following functions should be assigned to the treasurer rather than the controller?

Stadford, Inc. is financed with 40 percent debt and 60 percent equity. This mixture of debt and equity is referred to as the firm's:

The goal of financial management is to increase the:

The daily financial operations of a firm are primarily controlled by managing the:

In a general partnership, each partner is personally liable for:

A limited liability company:

The Sarbanes-Oxley Act of 2002 has:

Todd and Cathy created a firm that is a separate legal entity and will share ownership of that firm on a 50/50 basis. Which type of entity did they create if they have no personal liability for the firm's debts?

Corporate shareholders:

Which one of the following statements correctly applies to a sole proprietorship?

Which one of the following best matches the primary goal of financial management?

If you accept a job as a domestic security analyst for a brokerage firm, you are most likely working in which one of the following financial areas?

A corporation:

Which one of the following is most apt to create a situation where an agency conflict could arise?