TEST BANK FOR Corporate Finance 13th
Edition by
Stephen Ross, Randolph Verified Chapters 1 -
31,
Complete Questions & Answers | Grade A |
100% Correct(Verified Solutions)
Version 1 1
,Chapter 1 l
Student name:_
l l
Version 1 2
, A)
B)
C)
D)
E)
MULTIPLElCHOICEllChooselthelonelalternativelthatlbestlcompleteslthelstatementlorl
answerslthelquestion.
1) Generally,lamonglthoselwholreportldirectlyltolthe areltheltreasurerlandlthel
controllerloflalcorporation.
A) boardlofldirectors
B) chairpersonloflthelboard
C) chieflexecutivelofficer
D) president
E) chieflfinanciallofficer
2) Altypicallchainloflcommandlinlalcorporationlisldescribedlbylwhichloneloflthelfollowingl
stateme nts?
A) Thelinformationlsystemslmanagerlreportsltoltheltreasurer.
B) Thelcreditlmanagerlreportsltoltheltreasurer.
C) Thelcontrollerlreportsltolthelchieflexecutivelofficer.
D) Theltaxlmanagerlreportsltoltheltreasurer.
E) Thelcapitallexpenditureslmanagerlreportsltolthelcontroller.
3) Answeringlwhichloneloflthelfollowinglquestionslinvolveslmakinglalcapitallbudgetingl
decisio n?
Howlmuchldebtlshouldlthelfirmlborrowlfromlalparticularllender?
Shouldlthelfirmlbuildlalnewlproductionlfacility?
Shouldlthelfirmlissuelnewlequityltolpaylforlitslgrowthlgoals?
Howlmuchlinventorylshouldlthelfirmlkeeplonlhand?
Howlmuchlcreditlshouldlthelfirmlextendltolalparticularlcustomer?
4)
Whichloneloflthelfollowinglstatementslislaccurate
?
A) Netlworkinglcapitallequalslcurrentlassetslpluslcurrentlliabilities.
B) Currentlliabilitieslareldebtslthatlmustlbelrepaidlinl18lmonthslorlless.
Version 1 3
, C) Currentlassetslarelassetslwithlshortllives,lsuchlaslaccountslreceivable.
D) Long-termldebtlisldefinedlaslalresiduallclaimlonlalfirm’slassets. E)
Tangiblelassetslarelfixedlassetslsuchlaslpatents.
5) Amongltheltypicallresponsibilitiesloflthelcorporatelcontrollerlis:
A) capitallexpenditureslmanagement.
B) cashlmanagement.
C) taxlreporting.
D) financiallplanning.
E) creditlmanagement.
6) l isltypicallylthelresponsibilityloflthelcorporateltreasurer.
A) Financiallplanning
B) Costlaccounting
C) Taxlreporting
D) Informationlsystems
E) Financiallaccounting
7) Alfirm’s define(s)litslcapitallstructure.
Version 1 4
Edition by
Stephen Ross, Randolph Verified Chapters 1 -
31,
Complete Questions & Answers | Grade A |
100% Correct(Verified Solutions)
Version 1 1
,Chapter 1 l
Student name:_
l l
Version 1 2
, A)
B)
C)
D)
E)
MULTIPLElCHOICEllChooselthelonelalternativelthatlbestlcompleteslthelstatementlorl
answerslthelquestion.
1) Generally,lamonglthoselwholreportldirectlyltolthe areltheltreasurerlandlthel
controllerloflalcorporation.
A) boardlofldirectors
B) chairpersonloflthelboard
C) chieflexecutivelofficer
D) president
E) chieflfinanciallofficer
2) Altypicallchainloflcommandlinlalcorporationlisldescribedlbylwhichloneloflthelfollowingl
stateme nts?
A) Thelinformationlsystemslmanagerlreportsltoltheltreasurer.
B) Thelcreditlmanagerlreportsltoltheltreasurer.
C) Thelcontrollerlreportsltolthelchieflexecutivelofficer.
D) Theltaxlmanagerlreportsltoltheltreasurer.
E) Thelcapitallexpenditureslmanagerlreportsltolthelcontroller.
3) Answeringlwhichloneloflthelfollowinglquestionslinvolveslmakinglalcapitallbudgetingl
decisio n?
Howlmuchldebtlshouldlthelfirmlborrowlfromlalparticularllender?
Shouldlthelfirmlbuildlalnewlproductionlfacility?
Shouldlthelfirmlissuelnewlequityltolpaylforlitslgrowthlgoals?
Howlmuchlinventorylshouldlthelfirmlkeeplonlhand?
Howlmuchlcreditlshouldlthelfirmlextendltolalparticularlcustomer?
4)
Whichloneloflthelfollowinglstatementslislaccurate
?
A) Netlworkinglcapitallequalslcurrentlassetslpluslcurrentlliabilities.
B) Currentlliabilitieslareldebtslthatlmustlbelrepaidlinl18lmonthslorlless.
Version 1 3
, C) Currentlassetslarelassetslwithlshortllives,lsuchlaslaccountslreceivable.
D) Long-termldebtlisldefinedlaslalresiduallclaimlonlalfirm’slassets. E)
Tangiblelassetslarelfixedlassetslsuchlaslpatents.
5) Amongltheltypicallresponsibilitiesloflthelcorporatelcontrollerlis:
A) capitallexpenditureslmanagement.
B) cashlmanagement.
C) taxlreporting.
D) financiallplanning.
E) creditlmanagement.
6) l isltypicallylthelresponsibilityloflthelcorporateltreasurer.
A) Financiallplanning
B) Costlaccounting
C) Taxlreporting
D) Informationlsystems
E) Financiallaccounting
7) Alfirm’s define(s)litslcapitallstructure.
Version 1 4
