Test Bank for Fundamentals of Financial Management, 16th Edition by Eugene F. Brigham| Complete Verified Chapters, Latest Guide A+

Test Bank

Fundamentals Of Financial Management,
By Eugene F. Brigham


16th Edition

,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 InMultiple-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?
Question Type: True / False
Has Variables: False
Preface Name: T/F
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 InThe Enterprise's Organization, And As An Analyst Using Public
Information.
Topics: Role Of Finance
Keywords: Bloom's Knowledge
Date Created: 9/21/2017 3:15 Pm
Date Modified: 9/21/2017 3:15 Pm

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 Type: True / False
Has Variables: False
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 InThe Enterprise's Organization, And As An Analyst Using Public
Information.
Topics: Role Of Finance
Keywords: Bloom's: Knowledge
Date Created: 9/21/2017 3:15 Pm
Date Modified: 9/21/2017 3:15 Pm

3. The Board Of Directors Is The Highest Ranking Body In A Corporation, And The Chairman Of The Board Is
The Highest RankingIndividual. 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?
Question Type: True / False
Has Variables: False
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 InThe Enterprise's Organization, And As An Analyst Using Public
Information.
Topics: Role Of Finance
Keywords: Bloom's: Knowledge
Date Created: 9/21/2017 3:15 Pm
Date Modified: 9/21/2017 3:15 Pm

4. Partnerships And Proprietorships Generally Have A Tax Advantage Over Corporations.
A. True
B. False
ANSWER: True
Points: 1
Difficulty: Easy
References: 1-3 Forms Of Business Organization
Question Type: True / False
Has Variables: False
Learning Objectives: Fofm.Brig.17.01.03 - Forms Of Business Organization
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: Forms Of Organization
Keywords: Bloom's: Knowledge
Date Created: 9/21/2017 3:15 Pm
Date Modified: 9/21/2017 3:15 Pm

5. A Disadvantage Of The Corporate Form Of Organization Is That Corporate Stockholders Are More
Exposed To PersonalLiabilities In The Event Of Bankruptcy Than Are Investors In A Typical Partnership.
A. True
B. False
ANSWER: False
Points: 1
Difficulty: Easy
References: 1-3 Forms Of Business Organization
Question Type: True / False
Has Variables: False
Learning Objectives: Fofm.Brig.17.01.03 - Forms Of Business Organization
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 InThe Enterprise's Organization, And As An Analyst Using Public
Information.
Topics: Forms Of Organization
Keywords: Bloom's: Knowledge
Date Created: 9/21/2017 3:15 Pm
Date Modified: 9/21/2017 3:15 Pm

6. An Advantage Of The Corporate Form Of Organization Is That Corporations Are Generally Less
Highly Regulated ThanProprietorships And Partnerships.
A. True
B. False
ANSWER: False
Points: 1
Difficulty: Easy
References: 1-3 Forms Of Business Organization
Question Type: True / False
Has Variables: False
Learning Objectives: Fofm.Brig.17.01.03 - Forms Of Business Organization
National Standards: United States - Busprog.Fofm.Brig.17.06 - Reflective Thinking
State Standards: United States - Oh - Disc.Fofm.Brig.17.06 - Finance Function