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Test Bank - Fundamentals of Financial Management, 16th Edition by Eugene F. Brigham, (All Chapters included 1-17) ||Complete A+ Guide $17.99   Add to cart

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Test Bank - Fundamentals of Financial Management, 16th Edition by Eugene F. Brigham, (All Chapters included 1-17) ||Complete A+ Guide

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Test Bank - Fundamentals of Financial Management, 16th Edition by Eugene F. Brigham, (All Chapters included 1-17) ||Complete A+ Guide

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  • November 12, 2024
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  • 2024/2025
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  • Fundamentals Of Financial Management
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Cengage Learning Testing, Powered by Cognero Page 1

,Chapter f01: fAn fOverview fof fFinancial fManagement
True f/ fFalse

Note fthat fthere fis fan foverlap fbetween fthe fT/F fand fmultiple-choice fquestions, fas fsome fof fthe fT/F fstatements fare fused
fin fmultiple-choice fquestions.



Multiple fChoice: fTrue/False


1. In fmost fcorporations, fthe fCFO franks funder fthe fCEO.
a. True
b. False
ANSWER: True
DIFFICULTY: EASY
REFERENCES: 1-1 fWhat fIs fFinance?
QUESTION fTYPE: True f/ fFalse
PREFACE fNAME: T/F
LEARNING fOBJECTIVES: f FOFM.BRIG.17.01.01 f- fWhat fIs fFinance?
NATIONAL fSTANDARDS: f United fStates f- fBUSPROG.FOFM.BRIG.17.06 f- fReflective
fthinking fSTATE fSTANDARDS: United fStates f- fOH f- fDISC.FOFM.BRIG.17.06 f- fFinance
ffunction fTOPICS: Role fof ffinance
KEYWORDS: Bloom's fKnowledge
DATE fCREATED: 6/23/2015 f3:23 fPM
DATE fMODIFIED: 6/23/2015 f3:23 fPM

2. The fChairman fof fthe fBoard fmust falso fbe fthe fCEO.
a. True
b. False
ANSWER: False
DIFFICULTY: EASY
REFERENCES: 1-1 fWhat fIs fFinance?
QUESTION fTYPE: True f/ fFalse
LEARNING fOBJECTIVES: f FOFM.BRIG.17.01.01 f- fWhat fIs fFinance?
NATIONAL fSTANDARDS: f United fStates f- fBUSPROG.FOFM.BRIG.17.06 f- fReflective
fthinking fSTATE fSTANDARDS: United fStates f- fOH f- fDISC.FOFM.BRIG.17.06 f- fFinance
ffunction fTOPICS: Role fof ffinance
KEYWORDS: Bloom's: fKnowledge
DATE fCREATED: 6/23/2015 f3:23 fPM
DATE fMODIFIED: 6/23/2015 f3:23 fPM

3. The fboard fof fdirectors fis fthe fhighest franking fbody fin fa fcorporation, fand fthe fchairman fof fthe fboard fis fthe fhighest
franking findividual. fThe fCEO fgenerally fworks funder fthe fboard fand fits fchairman, fand fthe fboard fgenerally fhas fthe

fauthority fto fremove fthe fCEO funder fcertain fconditions. fThe fCEO, fhowever, fcannot fremove fthe fboard, fbut fhe for fshe

fcan fendeavor fto fhave fthe fboard fvoted fout fand fa fnew fboard fvoted fin fshould fa fconflict farise. fIt fis fpossible ffor fa fperson

fto fsimultaneously fserve fas fCEO fand fchairman fof fthe fboard, f though fmany fcorporate fcontrol fexperts fbelieve fit fis fbad fto

fvest fboth foffices fin fthe fsame fperson.

a. True
Cengage Learning Testing, Powered by Cognero Page 2

, b. False
ANSWER: True
DIFFICULTY: EASY
REFERENCES: 1-1 fWhat fIs fFinance?
QUESTION fTYPE: True f/ fFalse
LEARNING fOBJECTIVES: f FOFM.BRIG.17.01.01 f- fWhat fIs fFinance?
NATIONAL fSTANDARDS: f United fStates f- fBUSPROG.FOFM.BRIG.17.06 f- fReflective
fthinking fSTATE fSTANDARDS: United fStates f- fOH f- fDISC.FOFM.BRIG.17.06 f- fFinance
ffunction fTOPICS: Role fof ffinance
KEYWORDS: Bloom's: fKnowledge
DATE fCREATED: 6/23/2015 f3:23 fPM
DATE fMODIFIED: 8/5/2015 f1:34 fPM

4. Partnerships fand fproprietorships fgenerally fhave fa ftax fadvantage fover fcorporations.
a. True
b. False
ANSWER: True
DIFFICULTY: EASY
REFERENCES: 1-3 fForms fof fBusiness fOrganization
QUESTION fTYPE: True f/ fFalse
LEARNING fOBJECTIVES: f FOFM.BRIG.17.01.03 f- fForms fof fBusiness fOrganization
fNATIONAL fSTANDARDS: f United fStates f- fBUSPROG.FOFM.BRIG.17.06 f- fReflective

fthinking fSTATE fSTANDARDS: United fStates f- fOH f- fDISC.FOFM.BRIG.17.06 f- fFinance
ffunction fTOPICS: Forms fof forganization
KEYWORDS: Bloom's: fKnowledge
DATE fCREATED: 6/23/2015 f3:23 fPM
DATE fMODIFIED: 6/23/2015 f3:23 fPM

5. A fdisadvantage fof fthe fcorporate fform fof forganization fis fthat fcorporate fstockholders fare fmore fexposed fto
fpersonal fliabilities fin fthe fevent fof fbankruptcy fthan fare finvestors fin fa ftypical fpartnership.

a. True
b. False
ANSWER: False
DIFFICULTY: EASY
REFERENCES: 1-3 fForms fof fBusiness fOrganization
QUESTION fTYPE: True f/ fFalse
LEARNING fOBJECTIVES: f FOFM.BRIG.17.01.03 f- fForms fof fBusiness fOrganization
fNATIONAL fSTANDARDS: f United fStates f- fBUSPROG.FOFM.BRIG.17.06 f- fReflective

fthinking fSTATE fSTANDARDS: United fStates f- fOH f- fDISC.FOFM.BRIG.17.06 f- fFinance
ffunction fTOPICS: Forms fof forganization
KEYWORDS: Bloom's: fKnowledge
DATE fCREATED: 6/23/2015 f3:23 fPM
DATE fMODIFIED: 6/23/2015 f3:23 fPM

6. An fadvantage fof fthe fcorporate fform fof forganization fis fthat fcorporations fare fgenerally fless fhighly fregulated
fthan fproprietorships fand fpartnerships.

Cengage Learning Testing, Powered by Cognero Page 3

, a. True
b. False
ANSWER: False
DIFFICULTY: EASY
REFERENCES: 1-3 fForms fof fBusiness fOrganization
QUESTION fTYPE: True f/ fFalse
LEARNING fOBJECTIVES: f FOFM.BRIG.17.01.03 f- fForms fof fBusiness fOrganization
fNATIONAL fSTANDARDS: f United fStates f- fBUSPROG.FOFM.BRIG.17.06 f- fReflective

fthinking fSTATE fSTANDARDS: United fStates f- fOH f- fDISC.FOFM.BRIG.17.06 f- fFinance
ffunction fTOPICS: Forms fof forganization
KEYWORDS: Bloom's: fKnowledge
DATE fCREATED: 6/23/2015 f3:23 fPM
DATE fMODIFIED: 6/23/2015 f3:23 fPM

7. Some fpartners fin fa fpartnership fmay fhave fdifferent frights, fprivileges, fand fresponsibilities fthan fother fpartners.
a. True
b. False
ANSWER: True
DIFFICULTY: EASY
REFERENCES: 1-3 fForms fof fBusiness fOrganization
QUESTION fTYPE: True f/ fFalse
LEARNING fOBJECTIVES: f FOFM.BRIG.17.01.03 f- fForms fof fBusiness fOrganization
fNATIONAL fSTANDARDS: f United fStates f- fBUSPROG.FOFM.BRIG.17.06 f- fReflective

fthinking fSTATE fSTANDARDS: United fStates f- fOH f- fDISC.FOFM.BRIG.17.06 f- fFinance
ffunction fTOPICS: Forms fof forganization
KEYWORDS: Bloom's: fKnowledge
DATE fCREATED: 6/23/2015 f3:23 fPM
DATE fMODIFIED: 6/23/2015 f3:23 fPM

8. One fadvantage fof fthe fcorporate fform fof forganization fis fthat fit favoids fdouble ftaxation.
a. True
b. False
ANSWER: False
DIFFICULTY: EASY
REFERENCES: 1-3 fForms fof fBusiness fOrganization
QUESTION fTYPE: True f/ fFalse
LEARNING fOBJECTIVES: f FOFM.BRIG.17.01.03 f- fForms fof fBusiness fOrganization
fNATIONAL fSTANDARDS: f United fStates f- fBUSPROG.FOFM.BRIG.17.06 f- fReflective

fthinking fSTATE fSTANDARDS: United fStates f- fOH f- fDISC.FOFM.BRIG.17.06 f- fFinance
ffunction fTOPICS: Forms fof forganization
KEYWORDS: Bloom's: fKnowledge
DATE fCREATED: 6/23/2015 f3:23 fPM
DATE fMODIFIED: 6/23/2015 f3:23 fPM

9. It fis fgenerally fharder fto ftransfer fone's fownership finterest fin fa fpartnership fthan fin fa fcorporation.

Cengage Learning Testing, Powered by Cognero Page 4

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