100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Test Bank For Intermediate Financial Management 14th Edition 14e By Eugene F Brigham Daves A+ $12.99   Add to cart

Exam (elaborations)

Test Bank For Intermediate Financial Management 14th Edition 14e By Eugene F Brigham Daves A+

 5 views  0 purchase
  • Course
  • Institution
  • Book

Test Bank For Intermediate Financial Management 14th Edition 14e By Eugene F Brigham Daves A+...

Preview 4 out of 41  pages

  • August 27, 2024
  • 41
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
avatar-seller
Created By: A Solution


Test Bank For Intermediate Financial Management 14th Edition
14e By Eugene F Brigham Daves A+
Chapter 01: An Overview of Financial Management and the Financial Environment
1. The form of organization for a business is not an important issue, as this decision has
very little effect on the income and wealth of the firm's owners.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Difficulty: Easy QUESTION TYPE: True / False HAS VARIABLES:
False
LEARNING OBJECT IFMG.DAVE.19.01.03 - LO: 1-3
IVES:
NATIONAL STANDA United States - BUSPROG: Reflective Thinking
RDS:
STATE STANDARDS: United States - AK - DISC: Goals of the firm, role of - DISC: Goals of
the firm, role of finance, and analysis of public information
LOCAL STANDARD United States - OH - Default City - TBA
S:
TOPICS: Firm organization KEYWORDS: Bloom’s: Knowledge DATE CREATED:
10/30/2017 8:01 PM DATE MODIFIED: 1/6/2018 12:00 PM
2. The major advantage of a regular partnership or a corporation as a form of business
organization is the fact that both offer their owners limited liability, whereas proprietorships do
not.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Difficulty: Easy QUESTION TYPE: True / False HAS VARIABLES:
False


A+ Page 1

,Created By: A Solution


LEARNING OBJECT IFMG.DAVE.19.01.03 - LO: 1-3
IVES:
NATIONAL STANDA United States - BUSPROG: Reflective Thinking
RDS:
STATE STANDARDS: United States - AK - DISC: Goals of the firm, role of - DISC: Goals of
the firm, role of finance, and analysis of public information
LOCAL STANDARD United States - OH - Default City - TBA
S:
TOPICS: Firm organization KEYWORDS: Bloom’s: Knowledge DATE CREATED:
10/30/2017 8:01 PM DATE MODIFIED: 1/6/2018 12:00 PM
3. There are three primary disadvantages of a regular partnership: (1) unlimited liability, (2)
limited life of the organization, and (3) difficulty of transferring ownership. These combine to
make it difficult for partnerships to attract large amounts of capital and thus to grow to a very
large size.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Difficulty: Easy QUESTION TYPE: True / False HAS VARIABLES:
False
LEARNING OBJECT IFMG.DAVE.19.01.03 - LO: 1-3
IVES:
NATIONAL STANDA United States - BUSPROG: Reflective Thinking
RDS:
STATE STANDARDS: United States - AK - DISC: Goals of the firm, role of - DISC: Goals of
the firm, role of finance, and analysis of public information
LOCAL STANDARD United States - OH - Default City - TBA
S:
TOPICS: Partnership KEYWORDS: Bloom’s: Knowledge DATE CREATED:
10/30/2017 8:01 PM DATE MODIFIED: 1/6/2018 12:00 PM



A+ Page 2

,Created By: A Solution


4. Two disadvantages of a proprietorship are (1) the relative difficulty of raising new capital
and (2) the owner's unlimited personal liability for the business' debts.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Difficulty: Easy QUESTION TYPE: True / False HAS VARIABLES:
False
LEARNING OBJECT IFMG.DAVE.19.01.03 - LO: 1-3
IVES:
NATIONAL STANDA United States - BUSPROG: Reflective Thinking
RDS:
STATE STANDARDS: United States - AK - DISC: Goals of the firm, role of - DISC: Goals of
the firm, role of finance, and analysis of public information
LOCAL STANDARD United States - OH - Default City - TBA
S:
TOPICS: Proprietorship KEYWORDS: Bloom’s: Knowledge DATE CREATED:
10/30/2017 8:01 PM DATE MODIFIED: 1/6/2018 12:00 PM
5. One key value of limited liability is that it lowers owners' risks and thereby enhances a
firm's value.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Difficulty: Easy QUESTION TYPE: True / False HAS VARIABLES:
False
LEARNING OBJECT IFMG.DAVE.19.01.03 - LO: 1-3
IVES:
NATIONAL STANDA United States - BUSPROG: Reflective Thinking
RDS:



A+ Page 3

, Created By: A Solution


STATE STANDARDS: United States - AK - DISC: Goals of the firm, role of - DISC: Goals of
the firm, role of finance, and analysis of public information
LOCAL STANDARD United States - OH - Default City - TBA
S:
TOPICS: Limited liability KEYWORDS: Bloom’s: Knowledge DATE CREATED:
10/30/2017 8:01 PM DATE MODIFIED: 1/6/2018 12:00 PM
6. The disadvantages associated with a proprietorship are similar to those under a
partnership. One exception relates to the more formal nature of the partnership agreement and
the commitment of all partners' personal assets. As a result, partnerships do not have difficulty
raising large amounts of capital.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Difficulty: Moderate
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECT IFMG.DAVE.19.01.03 - LO: 1-3
IVES:
NATIONAL STANDA United States - BUSPROG: Reflective Thinking
RDS:
STATE STANDARDS: United States - AK - DISC: Goals of the firm, role of - DISC: Goals of
the firm, role of finance, and analysis of public information
LOCAL STANDARD United States - OH - Default City - TBA
S:
TOPICS: Partnership KEYWORDS: Bloom’s: Comprehension DATE CREATED:
10/30/2017 8:01 PM DATE MODIFIED: 1/6/2018 12:00 PM




A+ Page 4

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 ASolution. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67163 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.99
  • (0)
  Add to cart