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Dashboard / My courses / FIN2601-23-S1 / Welcome Message / Assessment 1
Started on Thursday, 30 March 2023, 6:46 PM
State Finished
Completed on Thursday, 30 March 2023, 9:00 PM
Time taken 2 hours 14 mins
Marks 17.00/20.00
Grade 85.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
What is a partnership's primary flaw, as a legal structure for conducting business?
1. The owners have unlimited liability, in that personal wealth can be taken to satisfy debts.
2.
The owners lack secrecy, because regulations require firms to disclose financial results.
3. The owners, who are limited partners, have limited liability and cannot lose more than they invested.
4.
The owners, who are general partners, have unlimited liability and may have to cover the debts of other partners.
Your answer is correct.
The correct answer is:
The owners, who are general partners, have unlimited liability and may have to cover the debts of other partners.
,Question 2
Correct
Mark 1.00 out of 1.00
MENU
Which of the following is the best illustration of an agency problem? (Assume the company is paying its employees’ travel expenses.)
Dashboard / My courses / FIN2601-23-S1 / Welcome Message / Assessment 1
1. Ariel, the controller, travels to Zimbabwe, in southeast Africa, to visit the Victoria Falls with friends. While there, she talks to her
friends about employment opportunities at the firm.
2. Benjamin, the chief financial officer, travels to Mozambique to meet with the bank that is loaning the firm money to build a factory in
Mozambique. While there, he tours Inhaca Island.
3. Zachariah, the president, travels to the Western Cape to attend an international convention related to the company's line of business.
While there, he goes on the Robben Island half-day tour.
4. Eunice, the marketing director, travels to KwaZulu-Natal to attend a sales convention. While there, she visits the Drakensberg
mountain range.
Your answer is correct.
The correct answer is:
Ariel, the controller, travels to Zimbabwe, in southeast Africa, to visit the Victoria Falls with friends. While there, she talks to her friends about
employment opportunities at the firm.
, Question 3
Correct
Mark 1.00 out of 1.00
MENU
Which one of the following would reduce the share price of a company?
Dashboard / My courses / FIN2601-23-S1 / Welcome Message / Assessment 1
1. decreasing the cash outflows
2. collecting money from customers at a faster rate
3.
improving the timing of cash inflows
4. increasing the riskiness of future cash flows
Your answer is correct.
The correct answer is:
increasing the riskiness of future cash flows
Question 4
Correct
Mark 1.00 out of 1.00
Which of the following two markets classify the sale of newly issued five-year securities by the issuing company as ‘trading’?
1.
primary market and the money market
2. primary market and the capital market
3.
secondary market and the money market
4. secondary market and the capital market
Your answer is correct.
The correct answer is:
primary market and the capital market
Dashboard / My courses / FIN2601-23-S1 / Welcome Message / Assessment 1
Started on Thursday, 30 March 2023, 6:46 PM
State Finished
Completed on Thursday, 30 March 2023, 9:00 PM
Time taken 2 hours 14 mins
Marks 17.00/20.00
Grade 85.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
What is a partnership's primary flaw, as a legal structure for conducting business?
1. The owners have unlimited liability, in that personal wealth can be taken to satisfy debts.
2.
The owners lack secrecy, because regulations require firms to disclose financial results.
3. The owners, who are limited partners, have limited liability and cannot lose more than they invested.
4.
The owners, who are general partners, have unlimited liability and may have to cover the debts of other partners.
Your answer is correct.
The correct answer is:
The owners, who are general partners, have unlimited liability and may have to cover the debts of other partners.
,Question 2
Correct
Mark 1.00 out of 1.00
MENU
Which of the following is the best illustration of an agency problem? (Assume the company is paying its employees’ travel expenses.)
Dashboard / My courses / FIN2601-23-S1 / Welcome Message / Assessment 1
1. Ariel, the controller, travels to Zimbabwe, in southeast Africa, to visit the Victoria Falls with friends. While there, she talks to her
friends about employment opportunities at the firm.
2. Benjamin, the chief financial officer, travels to Mozambique to meet with the bank that is loaning the firm money to build a factory in
Mozambique. While there, he tours Inhaca Island.
3. Zachariah, the president, travels to the Western Cape to attend an international convention related to the company's line of business.
While there, he goes on the Robben Island half-day tour.
4. Eunice, the marketing director, travels to KwaZulu-Natal to attend a sales convention. While there, she visits the Drakensberg
mountain range.
Your answer is correct.
The correct answer is:
Ariel, the controller, travels to Zimbabwe, in southeast Africa, to visit the Victoria Falls with friends. While there, she talks to her friends about
employment opportunities at the firm.
, Question 3
Correct
Mark 1.00 out of 1.00
MENU
Which one of the following would reduce the share price of a company?
Dashboard / My courses / FIN2601-23-S1 / Welcome Message / Assessment 1
1. decreasing the cash outflows
2. collecting money from customers at a faster rate
3.
improving the timing of cash inflows
4. increasing the riskiness of future cash flows
Your answer is correct.
The correct answer is:
increasing the riskiness of future cash flows
Question 4
Correct
Mark 1.00 out of 1.00
Which of the following two markets classify the sale of newly issued five-year securities by the issuing company as ‘trading’?
1.
primary market and the money market
2. primary market and the capital market
3.
secondary market and the money market
4. secondary market and the capital market
Your answer is correct.
The correct answer is:
primary market and the capital market
