https://www.stuvia.com/user/lectkeshi
TEST BANK FOR
Fundamentals of Financial Management 16th edition by Eugene
F. Brigham and Joel F. Houston Chapter 1-21 with All Appendixes
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?
Copyright Cengage Learning. Powered by Cognero. Page 1
,QUESTION True /
TYPE: False
HAS False
VARIABLES:
PREFACE T/F
NAME:
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 9/21/2017 3:15 PM
CREATED:
DATE 9/21/2017 3:15 PM
MODIFIED:
Copyright Cengage Learning. Powered by Cognero. Page 2
,2. The Chairman of the Board must also be the CEO.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: EASY
REFERENCES: 1-1 What Is
Finance?
QUESTION True / False
TYPE:
HAS False
VARIABLES:
LEARNING OBJECTIVES: FOFM.BRIG.17.01.01 - What Is
Finance?
NATIONAL STANDARDS: United States -
BUSPROG.FOFM.BRIG.17.06 - Reflective thinking
STATE United States - OH - DISC.FOFM.BRIG.17.06 -
STANDARDS: Finance function
LOCAL United States - OH - Default City - Students will
STANDARDS: 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.
Copyright Cengage Learning. Powered by Cognero. Page 3
, TOPICS: Role of finance
KEYWORDS: Bloom's: Knowledge
DATE 9/21/2017 3:15 PM
CREATED:
DATE 9/21/2017 3:15 PM
MODIFIED:
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
REFERENCES: 1-1 What Is
Finance?
Copyright Cengage Learning. Powered by Cognero. Page 4
TEST BANK FOR
Fundamentals of Financial Management 16th edition by Eugene
F. Brigham and Joel F. Houston Chapter 1-21 with All Appendixes
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?
Copyright Cengage Learning. Powered by Cognero. Page 1
,QUESTION True /
TYPE: False
HAS False
VARIABLES:
PREFACE T/F
NAME:
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 9/21/2017 3:15 PM
CREATED:
DATE 9/21/2017 3:15 PM
MODIFIED:
Copyright Cengage Learning. Powered by Cognero. Page 2
,2. The Chairman of the Board must also be the CEO.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: EASY
REFERENCES: 1-1 What Is
Finance?
QUESTION True / False
TYPE:
HAS False
VARIABLES:
LEARNING OBJECTIVES: FOFM.BRIG.17.01.01 - What Is
Finance?
NATIONAL STANDARDS: United States -
BUSPROG.FOFM.BRIG.17.06 - Reflective thinking
STATE United States - OH - DISC.FOFM.BRIG.17.06 -
STANDARDS: Finance function
LOCAL United States - OH - Default City - Students will
STANDARDS: 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.
Copyright Cengage Learning. Powered by Cognero. Page 3
, TOPICS: Role of finance
KEYWORDS: Bloom's: Knowledge
DATE 9/21/2017 3:15 PM
CREATED:
DATE 9/21/2017 3:15 PM
MODIFIED:
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
REFERENCES: 1-1 What Is
Finance?
Copyright Cengage Learning. Powered by Cognero. Page 4
