FNAN 522 MIDTERM Exam 1_FNAN522 Exam I MIDTERM Questions and Answers.
1 view 0 purchase
Course
FNAN 522
Institution
University Of Louisiana At Lafayette
FNAN 522 - Exam I
Started on Monday, 18 November 2019, 7:12 PM
State Finished
Completed on Monday, 18 November 2019, 8:05 PM
Time taken 53 mins 50 secs
Marks 18.00/30.00
Grade 126.00 out of 210.00 (60%)
Question 1
Correct
Mark 1.00 out of 1.00
A company needs to raise cash...
805 pm time taken 53 mins 50 secs marks 18003000 grade 12600 out of 21000
Written for
University Of Louisiana At Lafayette
FNAN 522
All documents for this subject (77)
Seller
Follow
ACADEMICAIDSTORE
Reviews received
Content preview
FNAN 522 - Exam I
Started on Monday, 18 November 2019, 7:12 PM
State Finished
Completed on Monday, 18 November 2019, 8:05 PM
Time taken 53 mins 50 secs
Marks 18.00/30.00
Grade 126.00 out of 210.00 (60%)
Question 1
A company needs to raise cash to cover its
Correct
operating expenses. The company will only
Mark 1.00 out need the funds for a short period of time.
of 1.00 Which financial market is the most
appropriate for the company use to raise
money (that is, likely the lowest cost and
best-matched maturity)?
Select one:
a. Capital market
b. All of these answers
c. Derivative market
d. Money market
The correct answer is: Money market
, What is the primary goal of the Sarbanes-Oxley act
according to the Module 1 video "The Goal of
Financial Management"?
Select one:
To help maintain a primary bull market.
To prevent a secular bear market.
Question 2
To protect corporate executives from frivolous
Correct
shareholder lawsuits.
Mark 1.00 out of 1.00 To protect investors from corporate abuse.
The correct answer is: To protect investors from corporate
abuse.
Question 3
Which of the following is an accurate characteristic
Correct of a sole proprietorship?
Mark 1.00 out of 1.00
Select one:
There is more than one owner.
The owner is personally liable for the business's debt
and obligations.
The owner must file a separate tax return for the
business.
A sole proprietorship typically elects board members
for staggered terms.
The correct answer is: The owner is personally liable for the
business's debt and obligations.
, Which of the following is a source of agency costs
in an organization?
Select one:
All of these answers.
Parties associated with the organization have
different risk preferences.
The managers of the organization have different
Question 4
objectives than the other shareholders.
Correct
The people who make the day-to-day decisions are
Mark 1.00 out of 1.00 not the owners.
The correct answer is: All of these answers.
Question 5
Which of the following occurred during the
Correct financial crisis of 2007-2008?
Mark 1.00 out of 1.00
Select one:
All of these answers
Several major institutions failed or were subject to
government takeover.
Significant declines in consumer wealth and prolonged
unemployment.
A currency crisis, with investors transferring their
wealth to countries with stronger currencies.
The correct answer is: All of these answers
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 $14.00. You're not tied to anything after your purchase.
