Test bank for fundamentals of corporate finance 5th edition by Robert Parrino, David KidwellTest bank for fundamentals of corporate finance 5th edition by Robert Parrino, David KidwellTest bank for fundamentals of corporate finance 5th edition by Robert Parrino, David KidwellTest bank for fundament...
, Chapter 1 lltII The Financial Manager and the Firm
lltII lltII lltII lltII lltII
1) The financial manager is responsible for making decisions that are in the best interests of
lltII lltII lltII lltII lltII lltII ltI lltII lltII lltII lltII ltI lltII ltI
the
ltI firm's owners.
l l t I I ltI
Answer: TRUE lltII l l t I I
Diff: 1
lltII lltII
LearningObjective: LO 1 ltI lltII l l t I I lltII
Bloomcode: Knowledge AACSB:
l l t I I lltII l l t I I lltII
Analytic
l l tI I
IMA: FSA lltII lltII l l t I I
AICPA: Process and Resource Management Perspectives
lltII l l t I I lltII lltII ltII lltII
2) A patent is a productive asset for a technology-based
lltII ltI ltII ltI lltII lltII lltII ltI
firm. Answer: TRUE
lltII lltII lltII lltII l l t I I
Diff: 1 lltII
LearningObjective: LO 1 ltI lltII l l t I I ltI
Bloomcode: Knowledge AACSB:
l l t I I lltII l l t I I lltII
Analytic
l l tI I
IMA: Business Economics
lltII l l t I I lltII
AICPA: Global and Industry Perspectives
lltII l l t I I lltII lltII ltI
3) Intangible assets generate most of amanufacturing firm's cash flows. ltI ltII ltI ltI ltI ltI ltI ltII lltII lltII
Answer: FALSE
lltII lltII l l t I I
Diff: 2 lltII
LearningObjective: LO 1 ltI lltII l l t I I ltI
Bloomcode: Application AACSB:
l l t I I lltII l l t I I lltII
Analytic
l l t I I
IMA: Corporate Finance
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AICPA: Process and Resource Management Perspectives
lltII l l t I I lltII lltII ltII lltII
4) Themost fundamental waya business can grow in size is byreinvesting cash flows or earnings.
ltI ltI lltII ltI ltI ltI ltI ltI ltI ltI ltI ltI ltI ltI ltI ltI lltII
Answer: TRUE
lltII lltII l l t I I
Diff: 1 lltII
LearningObjective: LO 1 ltI lltII l l t I I ltI
Bloomcode: Knowledge AACSB:
l l t I I lltII l l t I I lltII
Analytic
l l tI I
IMA: FSA lltII lltII l l t I I
AICPA: Process and Resource Management Perspectives
lltII l l t I I lltII lltII ltI lltII
3
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