Test Bank For Labor Economics, 18th Edition All Chapters - 9781264201419.pdf

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byGdongshengguoG



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ToGSubmissions
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AttemptG1
Written:GJanG16,G2013G9:46GPMG-GJanG16,G2013G10:49GPM
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SubmissionGView
{languageGcacheGdisabled}|

QuestionG1|G|G10G/G10Gpoints|
AccordingGtoGtheGbook,GtheGprimaryGgoalGofGaGpublicly-
ownedGfirmGinterestedGinGservingGitsGstockholdersGshouldGbeGto:G|G|GMaximizeGexpectedGtotalGcor
porateGprofit.|
|G|GMaximizeGexpectedGEPS.|
|G|GMinimizeGtheGchancesGofGlosses.|
|G|GMaximizeGtheGstockGpriceGperGshare.|
|G|GMaximizeGexpectedGnetGincome.|
ViewGFeedback|
|GGoodGJob.G|

{languageGcacheGdisabled}|

QuestionG2|G|G10G/G10Gpoints|
TheGmajorGadvantageGofGaGregularGpartnershipGorGaGcorporationGasGaGformGofGbusinessGisGtheGfa
ctGthatGbothGofferGtheirGownersGlimitedGliability,GwhereasGproprietorshipsGdoGnot.G|G|GTrue|
|G|GFalse|
ViewGFeedback|
|GseeGpageG6-7Correct.G|

QuestionG3|G|G0G/G10Gpoints|
AGhostileGtakeoverGisGaGmethodGofGseizingGcontrolGofGaGcompanyGandGinvolvesGanGactionGtakenGa
gainstGtheGoppositionGofGincumbentGmanagement.GHowever,GthisGactionGisGtypicallyGmotivatedGby
GaGdesireGtoGcontrolGtheGfirm'sGassetsGandGisGrarelyGmotivatedGbyGaGlowGshareGprice.G|G|GTrue|

,|G|GFalse|
ViewGFeedback|
|GAGhostileGtakeoverGisGanGacquisitionGofGaGfirmGdespiteGresistanceGbyGtheGtargetGfirm'sGmanagem
entGandGboardGofGdirectors.GItGinvolvesGanGunsolicitedGbidGforGtheGtargetGfirmGand/orGaGproxyGcont
est.GBothGofGtheseGeventsGrequireGdirectGcommunicationGwithGtheGtarget'sGshareholders.GWhileGp
riceGalwaysGmattersGinGaGtakeover,GtheGbiddingGfirmGoftenGmakesGaGveryGhighG(pre-
emptive)GbidGinGorderGtoGencourageGcooperationGbyGtheGtargetGfirm'sGshareholders.|

QuestionG4|G|G10G/G10Gpoints|
WhichGofGtheGfollowingGstatementsGisGmostGcorrect?
|G|GOneGdrawbackGofGformingGaGcorporationGisGthatGitGsubjectsGtheGfirmGtoGadditionalGregulations.|
G|G|GOneGdrawbackGofGformingGaGcorporationGisGthatGitGsubjectsGtheGfirmGtoGlimitedGliability.|G|G|GOn


eGdrawbackGofGformingGaGcorporationGisGthatGitGmakesGitGmoreGdifficultGforGtheGfirmGtoGraiseGcapit
al.|G|G|GAllGofGtheGanswersGaboveGareGcorrect.|

|G|GAnswersGbGandGcGareGcorrect.|
ViewGFeedback|
|GCorrect.G|

QuestionG5|G|G10G/G10Gpoints|
WhichGofGtheGfollowingGstatementsGisGmostGcorrect?
|G|GTheGoptimalGdividendGpolicyGisGtheGoneGthatGsatisfiesGtheGshareholdersGbecauseGtheyGsupplyGt
heGfirm'sGcapital|G|G|GTheGuseGofGdebtGfinancingGhasGnoGeffectGonGcashGflowGorGstockGprice.|G|G|GTh
eGriskinessGofGprojectedGcashGflowsGdependsGuponGhowGtheGfirmGisGfinanced.|G|G|GStockGpriceGisG
dependentGonGtheGprojectedGcashGflowsGandGtheGuseGofGdebt,GbutGnotGonGtheGtimingGofGtheGcashG
flowGstream.|G|G|GDividendGpolicyGisGoneGaspectGofGtheGfirm'sGfinancialGpolicyGthatGisGdeterminedGd
irectlyGbyGtheGshareholders.|GViewGFeedback|

|GseeGpageG11-12Correct.G|

QuestionG6|G|G10G/G10Gpoints|
WhichGofGtheGfollowingGstatementsGisGmostGcorrect?
|G|GInGaGpartnership,GliabilityGforGotherGpartners'GmisdeedsGincludesGbutGisGlimitedGtoGtheGamountG
aGparticularGpartnerGhasGinvestedGinGtheGbusiness.|G|G|GPartnershipsGmustGbeGformedGaccordingGt
oGspecificGrulesGwhichGincludeGtheGfilingGofGaGformalGwrittenGagreementGwithGstateGauthoritiesGwh
ereGtheGpartnershipGdoesGbusiness.|G|G|GAGfastGgrowthGcompanyGwouldGbeGmoreGlikelyGtoGsetGupG
aGpartnershipGforGitsGbusinessGorganizationGthanGwouldGaGslow-
growthGcompany.|G|G|GPartnershipsGhaveGdifficultyGattractingGcapitalGinGpartGbecauseGofGtheGother
GdisadvantagesGofGtheGpartnershipGformGofGbusiness,GincludingGimpermanenceGofGtheGorganizati

,on.|G|G|GAGmajorGdisadvantageGofGaGpartnershipGasGaGformGofGbusinessGorganizationGisGtheGhighGc
ostGandGpracticalGdifficultyGofGitsGformation.|GViewGFeedback|

|GCorrectG|

QuestionG7|G|G0G/G10Gpoints|
TheGkeyGvalueGofGlimitedGliabilityGisGthatGitGlowersGtheGriskGfacedGbyGtheGfirm'sGownersGtherebyGen
hancingGtheGfirm'sGvalue.G|G|GTrue|
|G|GFalse|
ViewGFeedback|
|GIfGaGcompanyGisGcriminallyGorGcivillyGliable,GownersGofGcorporationsGareGusuallyGonlyGliableGforGth
eGinitialGinvestmentGinGaGcompany.GOwnersGofGpartnershipsGandGsoleGproprietorshipsGareGliableGf
orGtheirGtotalGwealth.|

QuestionG8|G|G10G/G10Gpoints|
WhichGofGtheGfollowingGstatementsGisGtrue?
|G|GOneGofGtheGbenefitsGofGincorporatingGyourGbusinessGisGthatGyouGbecomeGentitledGtoGreceiveGu
nlimitedGliability.|G|G|GSoleGproprietorshipsGareGsubjectGtoGmoreGregulationsGthanGcorporations.|G|G|
GSoleGproprietorshipsGdoGnotGhaveGtoGpayGcorporateGtax.|G|G|GAllGofGtheGaboveGareGcorrect.|




|G|GNoneGofGtheGaboveGareGcorrect.|
ViewGFeedback|
|GCorrect,GtheyGavoidGdoubleGtaxation.G|

QuestionG9|G|G10G/G10Gpoints|
WhichGofGtheGfollowingGstatementsGisGmostGcorrect?
|G|GAGgoodGgoalGforGaGcorporateGmanagerGisGmaximizationGofGexpectedGEPS.|G|G|GMostGbusinessGi
nGtheGU.S.GisGconductedGbyGcorporations;Gcorporations'GpopularityGresultsGprimarilyGfromGtheirGfa
vorableGtaxGtreatment.|G|G|GAGgoodGexampleGofGanGagencyGrelationshipGisGtheGoneGbetweenGstock
holdersGandGmanagers.|G|G|GCorporationsGandGpartnershipsGhaveGanGadvantageGoverGproprietors
hipsGbecauseGaGsoleGproprietorGisGsubjectGtoGunlimitedGliability,GbutGinvestorsGinGtheGotherGtypesG
ofGbusinessesGareGnot.|G|G|GFirmsGinGhighlyGcompetitiveGindustriesGfindGitGeasierGtoGexerciseG"soci
alGresponsibility"GthanGdoGfirmsGinGoligopolisticGindustries.|GViewGFeedback|

|GseeGpageG8-10CorrectG|

QuestionG10|G|G10G/G10Gpoints|
ThreeGofGtheGdisadvantagesGofGaGpartnership,G(1)GunlimitedGliability,G(2)GlimitedGlifeGofGtheGorgani
zation,GandG(3)GdifficultyGofGtransferringGownership,GresultGinGanotherGsignificantGdisadvantage,Gdi
fficultyGinGattractingGlargeGamountsGofGcapital.G|G|GTrue|

, |G|GFalse|
ViewGFeedback|
|GseeGpageG5CorrectG|

AttemptGScore:|G80G/G100|G(80.00G%)|
OverallGGradeG(highestGattempt):|G100G/G100|G(100.00G%)|G-------------------------------------------------

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AttemptG2
Written:GJanG16,G2013G11:09GPMG-GJanG16,G2013G11:20GPM
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SubmissionGView
{languageGcacheGdisabled}|

QuestionG1|G|G10G/G10Gpoints|
TheGprimaryGgoalGofGaGpublicly-
ownedGfirmGinterestedGinGservingGitsGstockholdersGshouldGbeGto:G|G|GMaximizeGexpectedGtotalGcor
porateGprofit.|
|G|GMaximizeGexpectedGEPS.|
|G|GMinimizeGtheGchancesGofGlosses.|
|G|GMaximizeGtheGstockGpriceGperGshare.|
|G|GMaximizeGexpectedGnetGincome.|
ViewGFeedback|
|GmaximizingGshareholdersGwealth,GmaximizingGstockGprice,GandGmaximizingGfirmGvalueGareGallGp
referredGtoGaccountingGbasedGgoals.CorrectG|

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QuestionG2|G|G10G/G10Gpoints|
InGgeneral,GtheGroleGofGtheGfinancialGmanagerGisGtoGplanGforGtheGacquisitionGandGuseGofGfundsGsoG
asGtoGmaximizeGtheGvalueGofGtheGfirm.G|G|GTrue|