Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password

Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.

chapter 1 Test

Enter the letter for the matching Answer
incorrect
1.
The general purpose of a limited liability company is to: I. be taxed like a partnership. II. be taxed like a corporation. III. provide unlimited liability for the owners. IV. provide limited liability for the owners.
incorrect
2.
Anyone other than the firm’s stockholders or creditors that might have a claim on the cash flows of a firm is called a:
incorrect
3.
Short-term assets and short-term liabilities are referred to as the firm’s:
incorrect
4.
The person who is in charge of cash management and capital expenditures is called the:
incorrect
5.
A corporation:
incorrect
6.
The purpose of capital budgeting is to:
incorrect
7.
Business finance addresses which one of the following questions?
incorrect
8.
Any situation where a potential conflict can arise between the firm’s owners and its managers is referred to as a(n):
incorrect
9.
The rules which outline how a corporation will regulate itself are referred to as the:
incorrect
10.
The daily financial operations of a firm are primarily controlled by managing the __________ of the firm.
incorrect
11.
A business organization that is similar to a sole proprietorship but has two or more owners is called a:
incorrect
12.
Which one of the following statements is correct concerning the financial markets in the U.S.?
incorrect
13.
When a company qualifies to have its securities traded on a particular exchange the stock of that company is said to be __________ with the exchange.
incorrect
14.
NASDAQ is: I. located in Chicago. II. an auction market. III. an over-the-counter market. IV. a private placement market.
incorrect
15.
Which one of the following questions falls into the financial topic of investments?
incorrect
16.
The management of a firm’s cash, inventory, and payables is referred to as
incorrect
17.
The primary advantages of a limited liability company are the:
incorrect
18.
A sole proprietorship is defined as a business:
incorrect
19.
Which of the following are characteristics of a dealer market? I. buyers purchase securities for themselves at their own risk II. the market matches buyers with sellers III. transactions are carried out on a physical trading floor IV. transactions
incorrect
20.
A securities market with a physical location that is designed to match buyers with sellers is called a(n) __________ market.
A.
working capital
B.
listed
C.
I and IV only
D.
III only
E.
working capital
F.
identify assets that produce value in excess of their cost.
G.
working capital management.
H.
bylaws.
I.
may be considered a resident of an individual state.
J.
The NYSE lists significantly less companies than does NASDAQ.
K.
Which long-term assets should a firm acquire?
L.
I and IV only
M.
auction
N.
means of taxation and the limits on the liabilities assumed by the owners.
O.
that is owned by a single individual.
P.
What are the risks involved with owning a particular security?
Q.
treasurer.
R.
agency problem.
S.
a partnership agreement
T.
stakeholder.
Type the Answer that corresponds to the displayed Question.
incorrect
21.
The market for trading securities after the original sale is called the:
incorrect
22.
The most widely used form of business entity in the U.S. is the:
incorrect
23.
A business entity which is treated as a legal “person” is called a:
incorrect
24.
The top financial officer in a firm is commonly referred to as the:
incorrect
25.
Over-the-counter markets are __________ markets.
incorrect
26.
The process of managing a firm’s long-term investments is called:
incorrect
27.
The amount of debt and equity used by a firm to finance its operations is called the firm’s:
incorrect
28.
The sale of securities to the general public by the issuer is known as a:
incorrect
29.
The term used to describe the study of means by which a manager can determine which long-term investments to pursue, how to pay for those investments, and how to manage the daily finances of a firm is:
Type the Question that corresponds to the displayed Answer.
incorrect
30.
makes the officers of a public corporation personally responsible for the firm’s financial statements.

edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how
Created by: martin.2021