Version 1
s 1
,Fundamentals of Corporate Finance, 13th Edition Ross C s s s s s s s
hapter 1- s
27 Answers are at the end of Each chapter Chapter 1
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Student name: s
The controller, rather than the treasurer, is typically responsible for which one of the following f
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unctions?
1)s
Depositing cash receipts s s
Processing cost reports s s
Analyzing equipment purchases s s
Approving credit for a customer s s s s
Paying a vendor s s
Question Details s
Accessibility : Keyboard Navigation Accessib s s s s
ility : Screen Reader Compatible Difficulty : 1
s s s s s s s s
Basic
Learning Objective : 01- s s s
01 Define the basic types of financial management decisions and the role of t Section : 1.1 Finance: A Quick
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Look
Topic : Management organization and roles A
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ACSB : Reflective Thinking
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Bloom's : Remember s s
Usually, the treasurer of a corporation reports directly to the:
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2)
s
Version 1 s 2
, board of directors. s s
chair of the board. s s s
chief executive officer. s s
president.
vice president of finance.
s s s
Question Details s
Accessibility : Keyboard Navigation Accessib
s s s s
ility : Screen Reader Compatible Difficulty : 1
s s s s s s s s
Basic
Learning Objective : 01-
s s s
01 Define the basic types of financial management decisions and the role of t Section : 1.1 Finance: A Quick
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Look
Topic : Management organization and roles A
s s s s s s
ACSB : Reflective Thinking
s s s
Bloom's : Remember s s
In a typical corporate organizational structure:
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3)
s
the vice president of finance reports to the chair of the board.
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the chief executive officer reports to the president.
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the controller reports to the chief financial officer.
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the treasurer reports to the president.
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the chief operations officer reports to the vice president of production.
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Question Details s
Accessibility : Keyboard Navigation Accessib
s s s s
ility : Screen Reader Compatible Difficulty : 1
s s s s s s s s
Basic
Learning Objective : 01-
s s s
01 Define the basic types of financial management decisions and the role of t Section : 1.1 Finance: A Quick
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Look
Topic : Management organization and roles A
s s s s s s
ACSB : Reflective Thinking
s s s
Bloom's : Remember s s
Version 1 s 3
, Which one of the following questions involves a capital budgeting decision?
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4)
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How many shares of stock should the firm issue?
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Should the firm purchase a new machine for the production line?
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Should the firm borrow money to acquire new equipment?
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How much inventory should the firm keep on hand?
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How much money should be kept in the checking account?
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Question Details s
Accessibility : Keyboard Navigation Accessib
s s s s
ility : Screen Reader Compatible Bloom's : Un
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derstand
Learning Objective : 01- s s s
01 Define the basic types of financial management decisions and the role of t Section : 1.1 Finance: A Quick
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Look
Topic : Financial management decisions Diffic
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ulty : 2 Intermediate
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AACSB : Reflective Thinking
s s s
When evaluating the timing of a project’s projected cash flows, a financial manager is analyzing:
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5) s
the amount of each expected cash flow.
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only the start-up costs that are expected to require cash resources.
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only the date of the final cash flow related to the project.
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the amount by which cash receipts are expected to exceed cash outflows.
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when each cash flow is expected to occur.
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Version 1 s 4
s 1
,Fundamentals of Corporate Finance, 13th Edition Ross C s s s s s s s
hapter 1- s
27 Answers are at the end of Each chapter Chapter 1
s s s s s s s s s s
Student name: s
The controller, rather than the treasurer, is typically responsible for which one of the following f
s s s s s s s s s s s s s s s
unctions?
1)s
Depositing cash receipts s s
Processing cost reports s s
Analyzing equipment purchases s s
Approving credit for a customer s s s s
Paying a vendor s s
Question Details s
Accessibility : Keyboard Navigation Accessib s s s s
ility : Screen Reader Compatible Difficulty : 1
s s s s s s s s
Basic
Learning Objective : 01- s s s
01 Define the basic types of financial management decisions and the role of t Section : 1.1 Finance: A Quick
s s s s s s s s s s s s s s s s s s s s
Look
Topic : Management organization and roles A
s s s s s s
ACSB : Reflective Thinking
s s s
Bloom's : Remember s s
Usually, the treasurer of a corporation reports directly to the:
s s s s s s s s s
2)
s
Version 1 s 2
, board of directors. s s
chair of the board. s s s
chief executive officer. s s
president.
vice president of finance.
s s s
Question Details s
Accessibility : Keyboard Navigation Accessib
s s s s
ility : Screen Reader Compatible Difficulty : 1
s s s s s s s s
Basic
Learning Objective : 01-
s s s
01 Define the basic types of financial management decisions and the role of t Section : 1.1 Finance: A Quick
s s s s s s s s s s s s s s s s s s s s
Look
Topic : Management organization and roles A
s s s s s s
ACSB : Reflective Thinking
s s s
Bloom's : Remember s s
In a typical corporate organizational structure:
s s s s s
3)
s
the vice president of finance reports to the chair of the board.
s s s s s s s s s s s
the chief executive officer reports to the president.
s s s s s s s
the controller reports to the chief financial officer.
s s s s s s s
the treasurer reports to the president.
s s s s s
the chief operations officer reports to the vice president of production.
s s s s s s s s s s
Question Details s
Accessibility : Keyboard Navigation Accessib
s s s s
ility : Screen Reader Compatible Difficulty : 1
s s s s s s s s
Basic
Learning Objective : 01-
s s s
01 Define the basic types of financial management decisions and the role of t Section : 1.1 Finance: A Quick
s s s s s s s s s s s s s s s s s s s s
Look
Topic : Management organization and roles A
s s s s s s
ACSB : Reflective Thinking
s s s
Bloom's : Remember s s
Version 1 s 3
, Which one of the following questions involves a capital budgeting decision?
s s s s s s s s s s
4)
s
How many shares of stock should the firm issue?
s s s s s s s s
Should the firm purchase a new machine for the production line?
s s s s s s s s s s
Should the firm borrow money to acquire new equipment?
s s s s s s s s
How much inventory should the firm keep on hand?
s s s s s s s s
How much money should be kept in the checking account?
s s s s s s s s s
Question Details s
Accessibility : Keyboard Navigation Accessib
s s s s
ility : Screen Reader Compatible Bloom's : Un
s s s s s s s
derstand
Learning Objective : 01- s s s
01 Define the basic types of financial management decisions and the role of t Section : 1.1 Finance: A Quick
s s s s s s s s s s s s s s s s s s s s
Look
Topic : Financial management decisions Diffic
s s s s s
ulty : 2 Intermediate
s s s
AACSB : Reflective Thinking
s s s
When evaluating the timing of a project’s projected cash flows, a financial manager is analyzing:
s s s s s s s s s s s s s s
5) s
the amount of each expected cash flow.
s s s s s s
only the start-up costs that are expected to require cash resources.
s s s s s s s s s s
only the date of the final cash flow related to the project.
s s s s s s s s s s s
the amount by which cash receipts are expected to exceed cash outflows.
s s s s s s s s s s s
when each cash flow is expected to occur.
s s s s s s s
Version 1 s 4
