FIN 419 Week 5 Final Exam / FIN419 Week 5 Final Exam: GRADED A | 100% CORRECT
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Course
FIN 419 (FIN419)
Institution
UNIVERSITY OF PHOENIX
FIN 419 Week 5 Final Exam / FIN419 Week 5 Final Exam: GRADED A | 100% CORRECTFIN 419 Final Exam
A financial analyst is responsible for maintaining and controlling the firm's daily cash balances. Frequently manages the firm's short-term investments and coordinates short-term borrowing and banking...
fin 419 final exam a financial analyst is responsible for maintaining and controlling the firms daily cash balances frequently manages the firms sh
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UNIVERSITY OF PHOENIX
FIN 419 (FIN419)
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FIN 419 Final Exam
A financial analyst is responsible for maintaining and controlling the firm's daily
cash balances. Frequently manages the firm's short-term investments and
coordinates short-term borrowing and banking relationships.
False
1. In partnerships, owners have unlimited liability and may have to cover debts
of other less financially sound partners.
True
2. In partnerships, a partner can readily transfer his/her wealth to other
partners.
False
3. The board of directors is responsible for managing day-to-day operations
and carrying out the policies established by the chief executive officer.
False
4. The president or chief executive officer is elected by the firm's stockholders
and has ultimate authority to guide corporate affairs and make general
policy.
False
5. In limited liability partnerships, the liability protection does not protect
partners from their own individual acts of malpractice.
True
6. In limited liability partnership, all partners have limited liability with regard
to the business, they are not personally liable for other partners' malpractice,
and the limited liability partnership is taxed as partnership.
True
7. Managerial finance
, a) involves tasks such as budgeting, financial forecasting, cash
management, and funds procurement.
b) involves the design and delivery of advice and financial products.
c) recognizes funds on an accrual basis.
d) devotes the majority of its attention to the collection and presentation of
financial data.
8. Finance can be defined as
a) the system of debits and credits.
b) the science of the production, distribution, and consumption of wealth.
c) the art and science of managing money.
d) the art of merchandising products and services.
9. The true owner(s) of the corporation is (are) the ________.
a) board of directors
b) chief executive officer
c) stockholders
d) creditors
10.High cash flow is generally associated with a higher share price whereas
higher risk tends to result in a lower share price.
True
11.Managing the firm's assets includes all of the following EXCEPT
a) inventory.
b) fixed assets.
c) accounts receivable.
d) notes payable.
12.Managing the firm's liabilities includes all of the following EXCEPT
a) accruals.
b) notes payable.
c) cash.
d) accounts payable.
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