Intro to Financial Management

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Quiz’s for Intro to financial management
Chapter 1 (Quiz 1)
* Question 1
2 out of 2 points
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| A firm created as a separate and distinct legal entity that may be owned by one or more individuals or entities is called a:Answer| | | | | Correct Answer:|    corporation.|
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* Question 2
2 out of 2 points
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| Paul is the owner of Paul's Cabinets, which is a sole proprietorship. The firm cannot pay its bills because a large customer defaulted on payment. Which one of the following statements is correct given this situation?Answer| | | | | Correct Answer:|    Paul is personally liable for the entire debt of Paul's Cabinets.|

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* Question 3
2 out of 2 points
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| A sole proprietorship is defined as a business:Answer| | | | | Correct Answer:|    owned by a single individual.|
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* Question 4
2 out of 2 points
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| What is the goal of financial management for a sole proprietorship?Answer| | | | | Correct Answer:|    maximize the market value of the equity|
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* Question 5
2 out of 2 points
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| Capital structure refers to the:Answer| | | |
| Correct Answer:|    mixture of debt and equity a firm uses to finance its operations.|
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* Question 6
2 out of 2 points
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| A firm's current assets and current liabilities are referred to as the firm's:Answer| | | | | Correct Answer:|    working capital.|
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* Question 7
2 out of 2 points
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| Which one of the following functions should be assigned to the controller rather than the treasurer?Answer| | | | | Correct Answer:|    tax management|
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* Question 8
2 out of 2 points
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| The process of managing a firm's long-term investments is called:Answer| | | | | Correct Answer:|    capital budgeting.|
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* Question 9
2 out of 2 points
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| Evaluating the potential...
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