Management Finc 3301 || with 100% Error-free Answers.
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Course
Management Finc 3301
Institution
Management Finc 3301
A ______ risk is a non-diversifiable risk that impacts the entire system or entire market. correct answers systematic
The basic goal of a business is to maximize shareholder ______. correct answers wealth and/or value
A Subchapter S is a special type of corporation where owners have limited l...
Management Finc 3301 || with 100% Error-free Answers.
A ______ risk is a non-diversifiable risk that impacts the entire system or entire market. correct
answers systematic
The basic goal of a business is to maximize shareholder ______. correct answers wealth and/or
value
A Subchapter S is a special type of corporation where owners have limited liability and are
_______ as if they were members of a partnership. correct answers taxed
The owners of a public corporation are called ______. correct answers stockholders and/or
shareholders
Three career paths in the field of finance are financial management, financial markets and
institutions and ______. correct answers Investment
Firms often take into account ______ factors, the interests of other stakeholders, and the long-
term interests of society when making business decisions. correct answers Chief Financial
Officer, or chief financial officer or
CFO
A stockholder in a company has limited liability and therefore cannot lose more than the amount
they ______ to buy the stock. correct answers paid or invested or invest
A mortgage backed security (MBS) is a ______ of mortgages. correct answers bundle
package
group
It is important to realize that ______ are not the same as cash inflows. correct answers sales
______ maximization as a goal of the firm takes a long-run perspective that focuses on the
owners. correct answers Wealth
Value
Value maximization as a goal of the firm: correct answers takes a long-run perspective that
focuses on the owners
Which of the following is the responsibility of a financial manager? correct answers analyzing
the capital needs of the firm
Which of the following is least related to the valuation of a firm's stock for most corporations?
correct answers market share
The Financial Crisis of 2008 was an example of ______ risk. correct answers systematic
, An ______ is a person who has the implied or actual authority to act on behalf of another person.
correct answers agent
Two or more people may join together to form a business as a ______. correct answers
partnership
One major disadvantage of a corporation is ______ taxation. correct answers double
Finance is about tracking a firm's cash flows and developing financial ______ correct answers
strategies
plans
forecasts
Firms often take into account ______ factors, the interests of other stakeholders, and the long-
term interests of society when making business decisions. correct answers ethical
ethics
A ______ is the manager who is responsible for the financial and cost accounting activities of a
firm correct answers controller
A financial ______ is an economic period in which the price of an asset increases drastically and
exceeds the fundamental value of the asset. correct answers bubble
"The primary goal of the business firm is to maximize the wealth of the firm's owners." For a
corporation, this statement means that managers should focus on maximizing the wealth of its
shareholders or its: correct answers stock price
A business manager is an agent to the owners (the principals) and has ________ to those
principals: correct answers a fiduciary responsibility
The ______ ______ is a snapshot of a company's financial position, which shows its assets,
liabilities, and equity at a given point in time. correct answers balance sheet
______ assets are assets that are expected to provide a benefit to the firm for more than one year.
correct answers Long term
Fixed
Long-term
______ reports contain unaudited financial statements and are submitted quarterly to the SEC.
correct answers 10-Q
10Q
While federal tax rates are set by Congress, the ______ determines the amount of federal income
tax a firm owes. correct answers IRS
internal revenue service
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