FIN 202 CORRECT EXAMS QUESTIONS AND
ANSWERS SURE A+
✔✔QN=28 (20259) Working capital management decisions involve
a. how a firm's day-to-day financial matters should be managed.
b. how the firm should finance its assets.
c. which productive assets the firm should employ.
d. all of these. - ✔✔A
✔✔QN=29 (20268) Which organizational form best enables a firm to sell its securities to
the market?
a. sole proprietorship
b. partnership
c. private corporation
d. public corporation - ✔✔D
✔✔QN=30 (20264) Which of the following business organizational forms subjects the
owner(s) to unlimited liability?
a. (i) sole proprietorship
b. (ii) partnership
c. (iii) corporation
d. (i) and (ii) - ✔✔D
✔✔QN=31 (20254) Which of the following is a basic source of funds for the firm?
a. (i) debt
b. (ii) equity
c. (iii) asset liquidations
d. (i) and (ii) - ✔✔D
✔✔QN=32 (20265) Which of the following business organizational forms is easiest to
raise capital?
a. (i) sole proprietorship
ANSWERS SURE A+
✔✔QN=28 (20259) Working capital management decisions involve
a. how a firm's day-to-day financial matters should be managed.
b. how the firm should finance its assets.
c. which productive assets the firm should employ.
d. all of these. - ✔✔A
✔✔QN=29 (20268) Which organizational form best enables a firm to sell its securities to
the market?
a. sole proprietorship
b. partnership
c. private corporation
d. public corporation - ✔✔D
✔✔QN=30 (20264) Which of the following business organizational forms subjects the
owner(s) to unlimited liability?
a. (i) sole proprietorship
b. (ii) partnership
c. (iii) corporation
d. (i) and (ii) - ✔✔D
✔✔QN=31 (20254) Which of the following is a basic source of funds for the firm?
a. (i) debt
b. (ii) equity
c. (iii) asset liquidations
d. (i) and (ii) - ✔✔D
✔✔QN=32 (20265) Which of the following business organizational forms is easiest to
raise capital?
a. (i) sole proprietorship
