Franklyn A Plus Pass
TEST BANK For Fundamentals Of Financial
Management 17th Edition By Eugene F.
Brigham And Joel F. Houston
All Chapters Included 1-21 With All Appendixes & Rationales
For Exam Preparations| A+ GRADED
Page 11 of 2029
, Franklyn A Plus Pass
Chapter 01: An Overview Of Financial Management
Note That There Is An Overlap Between The T/F And Multiple-Choice Questions, As Some Of The
T/F
Statements Are Used In Multiple-Choice
Questions. Multiple Choice: True/False
1. In Most Corporations, The CFO Ranks Under The
CEO. A. True
B. False
ANSWER: True
POINTS: 1
DIFFICULTY: EASY
REFERENCES: 1-1 What Is Finance?
QUESTION TYPE: True / False
HAS VARIABLES: False
PREFACE NAME: T/F
LEARNING OBJECTIVES: FOFM.BRIG.17.01.01 - What Is Finance?
NATIONAL STANDARDS: United States - BUSPROG.FOFM.BRIG.17.06 - Reflective Thinking
STATE STANDARDS: United States - OH - DISC.FOFM.BRIG.17.06 - Finance Function
LOCAL STANDARDS: United States - OH - Default City - Students Will Understand And Be -
Students Will Understand And Be Able To Articulate The Goals Of The Firm, The Role Of The Finance
Function In The Enterprise's Organization, And As An Analyst Using Public Information.
TOPICS: Role Of Finance
KEYWORDS: Bloom's Knowledge
DATE CREATED: 9/21/2017 3:15 PM
DATE MODIFIED: 9/21/2017 3:15 PM
2. The Chairman Of The Board Must Also Be The
CEO. A. True
B. False
Page 22 of 2029
, Franklyn A Plus Pass
ANSWER: False
POINTS: 1
DIFFICULTY: EASY
REFERENCES: 1-1 What Is Finance?
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: FOFM.BRIG.17.01.01 - What Is Finance?
NATIONAL STANDARDS: United States - BUSPROG.FOFM.BRIG.17.06 - Reflective Thinking
STATE STANDARDS: United States - OH - DISC.FOFM.BRIG.17.06 - Finance Function
LOCAL STANDARDS: United States - OH - Default City - Students Will Understand And Be -
Students Will Understand And Be Able To Articulate The Goals Of The Firm, The Role Of The Finance
Function In The Enterprise's Organization, And As An Analyst Using Public Information.
TOPICS: Role Of Finance
KEYWORDS: Bloom's: Knowledge
DATE CREATED: 9/21/2017 3:15 PM
DATE MODIFIED: 9/21/2017 3:15 PM
3. The Board Of Directors Is The Highest Ranking Body In A Corporation, And The Chairman Of The
Board Is The Highest Ranking Individual. The CEO Generally Works Under The Board And Its
Chairman, And The Board Generally Has The Authority To Remove The CEO Under Certain Conditions.
The CEO, However, Cannot Remove The Board, But He Or She Can Endeavor To Have The Board Voted
Out And A New Board Voted In
Should A Conflict Arise. It Is Possible For A Person To Simultaneously Serve As CEO And
Chairman Of The Board, Though Many Corporate Control Experts Believe It Is Bad To Vest Both
Offices In The Same Person.
A. True B.
False ANSWER:
True POINTS:
1
DIFFICULTY: EASY
Page 33 of 2029
, Franklyn A Plus Pass
REFERENCES: 1-1 What Is Finance?
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: FOFM.BRIG.17.01.01 - What Is Finance?
NATIONAL STANDARDS: United States - BUSPROG.FOFM.BRIG.17.06 - Reflective Thinking
STATE STANDARDS: United States - OH - DISC.FOFM.BRIG.17.06 - Finance Function
LOCAL STANDARDS: United States - OH - Default City - Students Will Understand And Be -
Students Will Understand And Be Able To Articulate The Goals Of The Firm, The Role Of The Finance
Function In The Enterprise's Organization, And As An Analyst Using Public Information.
TOPICS: Role Of Finance
KEYWORDS: Bloom's: Knowledge
DATE CREATED: 9/21/2017 3:15 PM
DATE MODIFIED: 9/21/2017 3:15 PM
4. Partnerships And Proprietorships Generally Have A Tax Advantage Over
Corporations. A. True
B. False
ANSWER: True
POINTS: 1
DIFFICULTY: EASY
REFERENCES: 1-3 Forms Of Business Organization
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: FOFM.BRIG.17.01.03 - Forms Of Business Organization
NATIONAL STANDARDS: United States - BUSPROG.FOFM.BRIG.17.06 - Reflective
Thinking STATE STANDARDS: United States - OH - DISC.FOFM.BRIG.17.06 - Finance Function
Page 44 of 2029
TEST BANK For Fundamentals Of Financial
Management 17th Edition By Eugene F.
Brigham And Joel F. Houston
All Chapters Included 1-21 With All Appendixes & Rationales
For Exam Preparations| A+ GRADED
Page 11 of 2029
, Franklyn A Plus Pass
Chapter 01: An Overview Of Financial Management
Note That There Is An Overlap Between The T/F And Multiple-Choice Questions, As Some Of The
T/F
Statements Are Used In Multiple-Choice
Questions. Multiple Choice: True/False
1. In Most Corporations, The CFO Ranks Under The
CEO. A. True
B. False
ANSWER: True
POINTS: 1
DIFFICULTY: EASY
REFERENCES: 1-1 What Is Finance?
QUESTION TYPE: True / False
HAS VARIABLES: False
PREFACE NAME: T/F
LEARNING OBJECTIVES: FOFM.BRIG.17.01.01 - What Is Finance?
NATIONAL STANDARDS: United States - BUSPROG.FOFM.BRIG.17.06 - Reflective Thinking
STATE STANDARDS: United States - OH - DISC.FOFM.BRIG.17.06 - Finance Function
LOCAL STANDARDS: United States - OH - Default City - Students Will Understand And Be -
Students Will Understand And Be Able To Articulate The Goals Of The Firm, The Role Of The Finance
Function In The Enterprise's Organization, And As An Analyst Using Public Information.
TOPICS: Role Of Finance
KEYWORDS: Bloom's Knowledge
DATE CREATED: 9/21/2017 3:15 PM
DATE MODIFIED: 9/21/2017 3:15 PM
2. The Chairman Of The Board Must Also Be The
CEO. A. True
B. False
Page 22 of 2029
, Franklyn A Plus Pass
ANSWER: False
POINTS: 1
DIFFICULTY: EASY
REFERENCES: 1-1 What Is Finance?
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: FOFM.BRIG.17.01.01 - What Is Finance?
NATIONAL STANDARDS: United States - BUSPROG.FOFM.BRIG.17.06 - Reflective Thinking
STATE STANDARDS: United States - OH - DISC.FOFM.BRIG.17.06 - Finance Function
LOCAL STANDARDS: United States - OH - Default City - Students Will Understand And Be -
Students Will Understand And Be Able To Articulate The Goals Of The Firm, The Role Of The Finance
Function In The Enterprise's Organization, And As An Analyst Using Public Information.
TOPICS: Role Of Finance
KEYWORDS: Bloom's: Knowledge
DATE CREATED: 9/21/2017 3:15 PM
DATE MODIFIED: 9/21/2017 3:15 PM
3. The Board Of Directors Is The Highest Ranking Body In A Corporation, And The Chairman Of The
Board Is The Highest Ranking Individual. The CEO Generally Works Under The Board And Its
Chairman, And The Board Generally Has The Authority To Remove The CEO Under Certain Conditions.
The CEO, However, Cannot Remove The Board, But He Or She Can Endeavor To Have The Board Voted
Out And A New Board Voted In
Should A Conflict Arise. It Is Possible For A Person To Simultaneously Serve As CEO And
Chairman Of The Board, Though Many Corporate Control Experts Believe It Is Bad To Vest Both
Offices In The Same Person.
A. True B.
False ANSWER:
True POINTS:
1
DIFFICULTY: EASY
Page 33 of 2029
, Franklyn A Plus Pass
REFERENCES: 1-1 What Is Finance?
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: FOFM.BRIG.17.01.01 - What Is Finance?
NATIONAL STANDARDS: United States - BUSPROG.FOFM.BRIG.17.06 - Reflective Thinking
STATE STANDARDS: United States - OH - DISC.FOFM.BRIG.17.06 - Finance Function
LOCAL STANDARDS: United States - OH - Default City - Students Will Understand And Be -
Students Will Understand And Be Able To Articulate The Goals Of The Firm, The Role Of The Finance
Function In The Enterprise's Organization, And As An Analyst Using Public Information.
TOPICS: Role Of Finance
KEYWORDS: Bloom's: Knowledge
DATE CREATED: 9/21/2017 3:15 PM
DATE MODIFIED: 9/21/2017 3:15 PM
4. Partnerships And Proprietorships Generally Have A Tax Advantage Over
Corporations. A. True
B. False
ANSWER: True
POINTS: 1
DIFFICULTY: EASY
REFERENCES: 1-3 Forms Of Business Organization
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: FOFM.BRIG.17.01.03 - Forms Of Business Organization
NATIONAL STANDARDS: United States - BUSPROG.FOFM.BRIG.17.06 - Reflective
Thinking STATE STANDARDS: United States - OH - DISC.FOFM.BRIG.17.06 - Finance Function
Page 44 of 2029
