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Test Bank For Corporate Finance 13th Edition By Stephen Ross, Randolph Westerfield, Jaffe, Jordan

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Test Bank Corporate Finance 13th Edition By Stephen Ross, Randolph Westerfield, Jaffe, Jordan Corporate Finance 13e test bank. ISBN: 9781260772388. Stephen Ross 13e test bank for Corporate Finance.TOC-=Ch1 Introduction to corporate finance Ch2 Financial statements and cash flow Ch3 Financial ...

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Uploaded on March 28, 2024
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finance test bank
13th edition
stephen ross
randolph westerfield
corporate finance test bank
corporate finance 13e test bank

Institution Finance
Course Finance

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TEST BANK Corporate Finance 13th Edition Stephen Ross

Chapter 1: Introduction to corporate finance

1) List and briefly describe the three basic areas addressed by a financial
manager.

2) What advantages and disadvantages does the corporate form of organization have
compared to sole proprietorships and general partnerships?

3) Why might a professional group select the LLC form of business over a general
partnership or a corporate structure?

4) Why might a highly successful sole proprietor change the structure of his or her firm to
the corporate form of ownership if that change results in the sharing of profits with other
investors?

1

,5) What should be the primary goal of the financial manager of a corporation? Explain why
this is appropriate.

6) Generally, among those who report directly to the ________ are the treasurer and the
controller of a corporation.

A) board of directors
B) chairperson of the board
C) chief executive officer
D) president
E) chief financial officer

7) A typical chain of command in a corporation is described by which one of the following
statements?

A) The information systems manager reports to the treasurer.
B) The credit manager reports to the treasurer.
C) The controller reports to the chief executive officer.
D) The tax manager reports to the treasurer.
E) The capital expenditures manager reports to the controller.

8) Answering which one of the following questions involves making a capital budgeting
decision?

2

, A) How much debt should the firm borrow from a particular lender?
B) Should the firm build a new production facility?
C) Should the firm issue new equity to pay for its growth goals?
D) How much inventory should the firm keep on hand?
E) How much credit should the firm extend to a particular customer?

9) Which one of the following statements is accurate?

A) Net working capital equals current assets plus current liabilities.
B) Current liabilities are debts that must be repaid in 18 months or less.
C) Current assets are assets with short lives, such as accounts receivable.
D) Long-term debt is defined as a residual claim on a firm’s assets.
E) Tangible assets are fixed assets such as patents.

10) Among the typical responsibilities of the corporate controller is:

A) capital expenditures management.
B) cash management.
C) tax reporting.
D) financial planning.
E) credit management.

11) ________ is typically the responsibility of the corporate treasurer.

A) Financial planning
B) Cost accounting
C) Tax reporting
D) Information systems
E) Financial accounting

3

, 12) A firm’s ________ define(s) its capital structure.

A) mixture of various types of production equipment
B) investment selections for its excess cash reserves
C) combination of cash and cash equivalents
D) combination of accounts appearing on the left side of its balance sheet
E) proportions of financing from debt and equity

13) The focus of short-term finance is on:

A) the timing of cash flows.
B) acquiring and selling fixed assets.
C) financing long-term projects.
D) capital budgeting.
E) issuing additional shares of common stock.

14) Net working capital includes:

A) copyrights.
B) manufacturing equipment.
C) common stock.
D) long-term debt.
E) inventory.

15) ________ is defined as planning and managing a firm’s long-term assets.

4

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Test Bank For Corporate Finance 13th Edition By Stephen Ross, Randolph Westerfield, Jaffe, Jordan

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