Test Bank for Foundations Of Financial Management, 12th Canadian Edition Block (All Chapters included)
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Course
Financial planning 1
Institution
Financial Planning 1
Complete Test Bank for Foundations Of Financial Management, 12th Canadian Edition by Stanley B. Block, Geoffrey A. Hirt, Bartley Danielsen, Doug Short ; ISBN13: 9781260326918. (Full Chapters included Chapter 1 to 21)....
Chapter 1: The Goals and Functions of Financial Management.
Chapter 2: Revie...
Foundations Of Financial Management
12th Canadian Edition
by Stanley B. Block
Complete Chapters Test Bank are
included (Ch 1 to 21)
** Immediate Download
** Swift Response
** All Chapters included
,Ch 01 12ce
Student name:__________
1) What is the primary goal of financial management?
A) Increased earnings
B) Maximizing cash flow
C) Maximizing shareholder wealth
D) Minimizing risk of the firm
2) Proper risk-return management means that:
A) the firm should take as few risks as possible.
B) consistent with the objectives of the firm, an appropriate trade-off between risk and
return should be determined.
C) the firm should earn the highest return possible.
D) the firm should value future profits more highly than current profits.
3) Which of the following is not a major area of concern and emphasis in modern financial
management and in this text?
A) Inflation and its effect on profits
B) Stable short-term interest rates
C) Changing international environment
D) Increased reliance on debt
4) Which of the following is not a major area of concern and emphasis in modern financial
management and in this text?
Version 1 1
, Ch 01 12ce
A) Marginal analysis
B) Risk-return trade-off
C) Commodity trading
D) Changing financial institutions
5) Some of the effects of high inflation are:
A) the gold standard was eliminated.
B) purchasing power increased.
C) interest rates fall.
D) Phantom profits and undervalued assets.
6) In the past, the study of finance has included:
A) operational efficiency.
B) employee relationships.
C) legal cases.
D) mergers and acquisitions.
7) A financial manager's goal of maximizing current or short-term earnings may not be
appropriate because:
A) it considers the timing of the benefits.
B) increased earnings may be accompanied by acceptably higher levels of risk.
C) share ownership is widely dispersed.
D) earnings are subjective; they can be defined in various ways such as accounting or
economic earnings.
Version 1 2
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