FIN 330 exam 1
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| The person generally directly responsible for overseeing the tax management, cost accounting, financial accounting, and data processing functions is the: | Controller
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| The choice of raising money through debt or equity capital for a firm is referred to as the firm's: | capital structure
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| The management of a firm's current assets and liabilities is called: | working capital management
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| A business owned by an individual is called a: | sole proprietorship
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| A conflict of interest between the stockholders and company management is called | the agency problem
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| The primary market is the market in which | newly issued securities are offered for sale
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| Which one of the following is a capital budgeting decision | deciding whether or not to start a new project such as opening a new store The decision to issue debt rather than additional shares of stock is an example of
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| Working capital management | is concerned with having sufficient funds in the next 12 months to operate the business on a daily basis
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| Which one of the following statements concerning a sole proprietorship is correct | The owner of a sole proprietorship may be forced to sell his or her personal assets to pay company debts
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| A partnership | terminates at the death of any general partner
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| sole proprietorship |
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| The primary goal of financial management is to | maximize the current value per share of the existing stock
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| Dealer markets | are also called over-the-counter markets
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| Which form of business structure faces the greatest agency problems | Corporation
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| Which one of the following is a primary market transaction | a investor or saver buying newly issued shares of stock from a corporation
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| The financial statement summarizing the value of a firm's equity on a particular date is the | balance sheet
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| A current asset is best defined as | an asset which is expected to be converted into cash within the next year
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| Net working capital is defined as | current assets minus current liabilities
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| Your _____ tax rate is the amount of tax payable on the next taxable dollar you earn | Marginal
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| Your _____ tax rate measures the total taxes you pay divided by your total taxable income | Average
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| The difference between a firm's current assets and its current liabilities is called | net working capital
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| The dividend per share is the amount of | cash paid to investors on each share of outstanding stock
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| Which one of the following accounts is the most liquid | cash
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| The book value of a firm is | based on historical cost-cumulative depreciation expenses
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| The process of accumulating interest on an investment over time to earn more interest is called | compounding
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| Interest earned only on the original principal amount invested is called _____ interest | Simple
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| As the discount rate increases, the present value of $2,000 to be received four years from now | decreases
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| An annuity is a(n) | constant stream of cash flows occurring for a fixed period of time
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