FINANCE 301 Exam | 97 latest Questions all with
100% Correct Answers
In addition to the importance of finance for marketing, accounting, and management
careers, finance is also now considered a _____ discipline, especially at the graduate
level. - ANSWER STEM
A sole proprietorship is a business owned by ______ person(s). - ANSWER ONE
A partnership must have at least _______ owners. - ANSWER TWO
When a corporation is formed, it is granted which of the following rights? - ANSWER The
ability to issue stock
Legal powers to sue
State citizenship for jurisdictional purposes
The five main areas of finance are corporate finance, _____, financial institutions,
international finance, and fintech. - ANSWER Investments
Joint stock company is another name for what is referred to as a in the United States. -
ANSWER Corporation
A ___________ corporation is for profit, and has the legal attributes of accountability,
transparency, and purpose. - ANSWER Benefit
A sole proprietorship is a business that _______. - ANSWER Is owned by one person
,Which of the following, according to the textbook, are possible financial goals for a
company?
Minimize costs
Maximize profits
Incur bankruptcy
Survival - ANSWER Minimize costs, max profits, survival
A business without separate legal authority formed by two or more people is known as a
_____.
conglomerate
corporation
sole proprietorship
partnership - ANSWER Partnership
The corporate goal involving bankruptcy avoidance, stability, and safety relate to
controlling _______. - ANSWER Risk
A corporation is a distinct ______ entity and as such can have a name and take
advantage of the legal powers of natural persons.
retributive
patriotic
illegal
legal - ANSWER Legal
, Corporations in other countries are often called:
re-calibrated partnerships.
autonomous entities.
public limited companies.
joint stock companies. - ANSWER public limited companies, joint stock
What is the main goal of financial management?
To maximize current value per share of existing stock
To maximize share of the stock holdings of managers of the company
To maximize profits
To minimize expenses - ANSWER To maximize current value per share of existing stock
A benefit corporation is for profit, and has the legal attributes of accountability, _____,
and purpose.
transparency
cooperation
taxation - ANSWER transparency
Because shareholders get paid last after all other obligations are satisfied, they are often
called _____.
stakeholders
preferred shareholders
100% Correct Answers
In addition to the importance of finance for marketing, accounting, and management
careers, finance is also now considered a _____ discipline, especially at the graduate
level. - ANSWER STEM
A sole proprietorship is a business owned by ______ person(s). - ANSWER ONE
A partnership must have at least _______ owners. - ANSWER TWO
When a corporation is formed, it is granted which of the following rights? - ANSWER The
ability to issue stock
Legal powers to sue
State citizenship for jurisdictional purposes
The five main areas of finance are corporate finance, _____, financial institutions,
international finance, and fintech. - ANSWER Investments
Joint stock company is another name for what is referred to as a in the United States. -
ANSWER Corporation
A ___________ corporation is for profit, and has the legal attributes of accountability,
transparency, and purpose. - ANSWER Benefit
A sole proprietorship is a business that _______. - ANSWER Is owned by one person
,Which of the following, according to the textbook, are possible financial goals for a
company?
Minimize costs
Maximize profits
Incur bankruptcy
Survival - ANSWER Minimize costs, max profits, survival
A business without separate legal authority formed by two or more people is known as a
_____.
conglomerate
corporation
sole proprietorship
partnership - ANSWER Partnership
The corporate goal involving bankruptcy avoidance, stability, and safety relate to
controlling _______. - ANSWER Risk
A corporation is a distinct ______ entity and as such can have a name and take
advantage of the legal powers of natural persons.
retributive
patriotic
illegal
legal - ANSWER Legal
, Corporations in other countries are often called:
re-calibrated partnerships.
autonomous entities.
public limited companies.
joint stock companies. - ANSWER public limited companies, joint stock
What is the main goal of financial management?
To maximize current value per share of existing stock
To maximize share of the stock holdings of managers of the company
To maximize profits
To minimize expenses - ANSWER To maximize current value per share of existing stock
A benefit corporation is for profit, and has the legal attributes of accountability, _____,
and purpose.
transparency
cooperation
taxation - ANSWER transparency
Because shareholders get paid last after all other obligations are satisfied, they are often
called _____.
stakeholders
preferred shareholders
