Exam (elaborations)
BCOR 3020 - FINAL Questions and Correct Answers 2024/2025 | Graded A+
- Course
- Institution
BCOR 3020 - FINAL Questions and Correct Answers 2024/2025 | Graded A+
[Show more]
Content preview
BCOR 3020 - FINALThe Legal life of a corporation is: - ANSpermanent, regardless of current ownership
What gives a corporation its permanence? - ANSseparation of ownership and control
Which of the following best describes the concept of limited liability:
a) it protects the personal property and wealth of company owners
b) it prevents creditors from suing top management
c) it allows the owners of a company to sue its managers
d) it limits the type of offenses that a company can be used for - ANSa) it protects the personal
property and wealth of company owners
When a corporation fails, the maximum that can be lost by an individual shareholder is: -
ANSthe amount of his or her initial investment
The Term capital structure refers to: - ANSa mix of long-term debt and equity financing
One way a corporation can alter its capital structure is by:
a) not accepting any new capital budgeting projects
b) investing in intangible assets
c) issuing stock to repay debt
d) becoming a limited liability company - ANSc) issuing stock to repay debt
An example of a firm's financing decision would be:
A) deciding whether or not to increase the price of its products.
B) acquiring a competitive firm.
C) determining how much to pay for a specific asset.
D) selling new shares of stock to buy an office building. - ANSD) selling new shares of stock to
buy an office building.
Company cost of capital is best described as: - ANSthe expected return investors require to
invest money with a specific company.
Which of the following would be considered a capital budgeting decision:
A) issuing debt in the form of long-term bonds
B) spending $2 million on a new product line
C) issuing common stock rather than preferred stock
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller QualityPDF. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81531 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now