FNAN522-020_860-
Started on Friday, 29 November 2019, 1:05 PM
State Finished
Completed on Friday, 29 November 2019, 2:04 PM
Time taken 59 mins 19 secs
Marks 24.00/30.00
Grade 168.00 out of 210.00 (80%)
Question 1
Correct
Mark 1.00 out of 1.00
...
204 pm time taken 59 mins 19 secs marks 24003000 grade 16800 out of 210
Written for
University Of Louisiana At Lafayette
FNAN 522
All documents for this subject (77)
Seller
Follow
ACADEMICAIDSTORE
Reviews received
Content preview
FNAN 522 midterm Exam|ALL
CORRECT ANSWERS
FNAN522-020_860-202020
Started on Friday, 29 November 2019, 1:05 PM
State Finished
Completed on Friday, 29 November 2019, 2:04 PM
Time taken 59 mins 19
secs
Marks 24.00/30.00
Grade 168.00 out of 210.00 (80%)
Question 1 A company needs to raise cash to cover its operating expenses. The company
Correct will only need the funds for a short period of time. Which financial market is the
most appropriate for the company use to raise money (that is, likely the lowest
Mark 1.00 out
cost and best-matched maturity)?
of 1.00
Select one:
a. Money market
b. Capital market
c. Derivative market
d. All of these answers
The correct answer is: Money market
Question 2
Correct What is the primary goal of the Sarbanes-Oxley act according to the Module 1
video "The Goal of Financial Management"?
Mark 1.00 out
of 1.00
Select one:
a. To protect investors from corporate abuse.
b. To help maintain a primary bull market.
c. To protect corporate executives from frivolous shareholder
lawsuits.
d. To prevent a secular bear market.
The correct answer is: To protect investors from corporate abuse.
,FNAN 522 midterm Exam|ALL
CORRECT ANSWERS
Question 3
Which of the following is an accurate characteristic of a sole proprietorship?
Correct
Mark 1.00 out Select one:
of 1.00
a. The owner is personally liable for the business's debt and
obligations.
b. There is more than one owner.
c. A sole proprietorship typically elects board members for
staggered terms.
d. The owner must file a separate tax return for the business.
The correct answer is: The owner is personally liable for the business's debt
and obligations.
Question 4
Which of the following is a source of agency costs in an organization?
Correct
Mark 1.00 out Select one:
of 1.00
a. Parties associated with the organization have
different risk preferences.
b. The people who make the day-to-day decisions are not the
owners.
c. All of these answers.
d. The managers of the organization have different objectives
than the other shareholders.
The correct answer is: All of these answers.
Question 5
Correct Which of the following occurred during the financial crisis of 2007-
Mark 1.00 out
of 1.00 2008? Select one:
a. All of these answers
b. Several major institutions failed or were subject to
government takeover.
c. A currency crisis, with investors transferring their wealth to
, FNAN 522 midterm Exam|ALL
CORRECT ANSWERS
c ment.
o
u
n The correct answer is: All of these answers
tr
ie
s
w
it
h
st
r
o
n
g
e
r
c
u
rr
e
n
ci
e
s.
d. Sig
nifi
can
t
dec
line
s in
con
su
mer
wea
lth
and
prol
ong
ed
une
mpl
oy
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ACADEMICAIDSTORE. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.00. You're not tied to anything after your purchase.
