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BCOR 3020 – FINAL Exam Practice Questions and Answers $9.99
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BCOR 3020 – FINAL Exam Practice Questions and Answers
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BCOR 3020 – FINAL Exam Practice Questions and Answers The Legal life of a corporation is: - Answer️️ -permanent, regardless of current ownership What gives a corporation its permanence? - Answer️️ -separation of ownership and control Which of the following best describes the concept...

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  • August 27, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • bcor 3020 final exam practice questions and answ

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©SOPHIABENNET@2024/2025 Monday, August 19, 2024 10:32 PM


BCOR 3020 – FINAL Exam Practice
Questions and Answers

The Legal life of a corporation is: - Answer✔️✔️-permanent, regardless of
current ownership

What gives a corporation its permanence? - Answer✔️✔️-separation of
ownership and control

Which of the following best describes the concept of limited liability:



a) it protects the personal property and wealth of company owners

b) it prevents creditors from suing top management

c) it allows the owners of a company to sue its managers

d) it limits the type of offenses that a company can be used for -
Answer✔️✔️-a) it protects the personal property and wealth of company
owners

When a corporation fails, the maximum that can be lost by an individual
shareholder is: - Answer✔️✔️-the amount of his or her initial investment

The Term capital structure refers to: - Answer✔️✔️-a mix of long-term debt
and equity financing

One way a corporation can alter its capital structure is by:




1

, ©SOPHIABENNET@2024/2025 Monday, August 19, 2024 10:32 PM




a) not accepting any new capital budgeting projects

b) investing in intangible assets

c) issuing stock to repay debt

d) becoming a limited liability company - Answer✔️✔️-c) issuing stock to
repay debt

An example of a firm's financing decision would be:



A) deciding whether or not to increase the price of its products.

B) acquiring a competitive firm.

C) determining how much to pay for a specific asset.

D) selling new shares of stock to buy an office building. - Answer✔️✔️-D)
selling new shares of stock to buy an office building.

Company cost of capital is best described as: - Answer✔️✔️-the expected
return investors require to invest money with a specific company.

Which of the following would be considered a capital budgeting decision:



A) issuing debt in the form of long-term bonds

B) spending $2 million on a new product line




2

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