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Finc 300 Test 1 Questions And Answers Latest Update $15.49   Add to cart

Exam (elaborations)

Finc 300 Test 1 Questions And Answers Latest Update

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Finc 300 Test 1 Questions And Answers Latest Update

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  • October 24, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
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Solution 2024/2025
Pepper

Finc 300 Test 1 Questions And Answers Latest
Update

Sole Proprietorship ANS✔✔ a business owned and managed by a single
individual; has unlimited liability



Partnership ANS✔✔ two or more owners; unlimited liability



Corporation ANS✔✔ a legal "person" separate and distinct from its
owners;separation of owners and managers; limited liability; generates
income, it pays corporate tax



The objective of management is ANS✔✔ to maximize stock price



Sarbanes-Oxley Act ANS✔✔ To insure the accuracy and fair reporting of
these financial statements, laws like the ______________ were enacted to
counter fraudulent reporting.



Agency Problems ANS✔✔ conflicts of interest between managers and
stockholders



Agency Relationship ANS✔✔ The relationship between stockholders and
management



Financial Market ANS✔✔ where stocks and bonds are issued, securities are
traded, and prices for securities are established

, Solution 2024/2025
Pepper



Spot markets ANS✔✔ markets for immediate delivery



Future markets ANS✔✔ Markets in which participants agree today to buy or
sell an asset at some future date.



Money Markets ANS✔✔ Include short-term, highly liquid, and relatively low-
risk debt instruments; usually less than 1 year



Capital Markets ANS✔✔ stocks and bonds, greater than 1 year



Examples of money market ANS✔✔ treasury bills, commercial paper,
certificates of deposits



Primary Markets ANS✔✔ refers to the original sale of securities by
governments and corporations. The corporations are the seller, the
transactions raise money for the corporations.



Public offering ANS✔✔ selling securities to general public



Private placements ANS✔✔ negotiated sale involving a specific buyer



Secondary markets ANS✔✔ are those in which these securities are bought
and sold after the original sale. Involves the owner or creditor selling to
another; provides the means for transferring ownership to corporate
securities.

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