企业融资 考试题 finance.doc

Principle of Finance Practice Test 1 Circle the best answer: 1.?Which of the following are advantages of the corporate form of organization? I. ability to raise large sums of capitalII. ease of ownership transferIII. corporate taxationIV. unlimited firm life?a.?I and II onlyb.?III and IV onlyc.?II, III, and IV onlyd.?I, II, and IV onlye.?I, II, III, and IV 2.?The shareholders of common stock of a corporation:?a.?are protected from any financial losses.b.?are personally liable for a percentage of the firms debts.c.?share equally in any losses created by the firm.d.?are protected from any losses exceeding their equity investment in the firm.e.?receive tax-free income because profits are taxed at the corporate level. ?3.?The goal of financial management is to increase the:?a.?future value of the firms total equity.b.?book value of equity.c.?dividends paid per share.d.?current market value per share.e.?number of shares outstanding, thereby increasing the market value of equity. ? 4.?An agency problem is prone to exist in public corporations because:?a.?of the size of the operations.b.?operations are frequently spread over various geographic locations.c.?management is frequently separated from ownership.d.?managers tend to be long-term employees.e.?some owners are also company employees. ?5.?Over the past year, a firm increased its current assets and decreased its current liabilities. As a result, the firms net working capital:?a.?had to increase.b.?had to decrease.c.?could have remained constant.d.?could have either increased, decreased, or remained constant.e.?was unaffected as the changes occurred in the firms current accounts. 6.?Which one of the following statements is correct??a.?Accounts payable is the amount due from customers.b.?Net working capital can be positive, negative, or zero.c.?Bonds are included in net working capital.d.?The amount of retained earnings is found on the income statement.e.?Depreciation increases t