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Essentials of Corporate Finance 9th Edition Ross Test Bank
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Essentials of Corporate Finance 9th Edition Ross Test Bank this is a test bank, not a textbook. You have immediate access to download your test bank. No delays, loading is fast and instant immediately after ordering! You will receive a full bank of tests; in other words, all chapters will be there....

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  • September 30, 2022
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  • 2022/2023
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E s s e n t i a l s o f C o r p o r a t e F i n a n c e 9 t h E d i t i o n R o s s T e s t B a n k
T e s t B a n k
1 0 0 % V e r i fi e d A n s w e r s
D o w n l o a d I m m e d i a t e l y A f t e r T h e P u r c h a s e 1-1 Copyright © 2016 McGraw -Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw -Hill Education. 1. Jenna has been promoted an d is now in charge of all external financing. In other words, she is in charge of: A. capital structure management. B. asset allocation. C. risk management. D. capital budgeting. E. working capital management. Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Basic Learning Objective: 01 -01 Discuss the basic types of financial management decisions and the role of the financial manager. Section: 1.2 Business Finance and the Financial Manager Topic: Financial management decisions 2. Uptown Markets is financed with 45 percent debt and 55 percent equity. This mixture of debt and equity is referred to as the firm's: A. capital structure. B. capital budget. C. asset allocation. D. working capital. E. risk structure. Accessibili ty: Keyboard Navigation Blooms: Remember Difficulty: 1 Basic Learning Objective: 01 -01 Discuss the basic types of financial management decisions and the role of the financial manager. Section: 1.2 Business Finance and the Financial Manager Topic: Financial management decisions 3. Theo’s BBQ has $48,000 in current assets and $39,000 in current liabilities. Decisions related to these accounts as referred to as: A. capital structure decisions. B. capital budgeting decisions. C. working capital management . D. operating management. E. fixed account structure. Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Basic Learning Objective: 01 -01 Discuss the basic types of financial management decisions and the role of the financial manager. Section: 1.2 Business Finance and the Financial Manager Topic: Financial management decisions 4. Margie opened a used bookstore and is both the 100 percent owner and the store's manager. Which type of business entity does Margie own if she is personally lia ble for all the store's debts? A. Sole proprietorship B. Limited partnership C. Corporation D. Joint stock company E. General partnership Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Basic Learning Objective: 01 -03 Compare the financial implications of the different forms of business organizations. Section: 1.3 Forms of Business Organization Topic: Forms of business organization 5. Will and Bill both enjoy sunshine, water, and surfboards. Thus, the two friends decided to create a business together renting surfboards, paddle boats, and inflatable devices in California. Will and Bill will equally share in the decision making and in the business prof its or losses. Which type of business did they c reate if they both have full personal liability for the firm's debts? A. Sole proprietorship B. Limited partnership C. Corporation D. Joint stock company E. General partnership Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Ba sic Learning Objective: 01 -03 Compare the financial implications of the different forms of business organizations. Section: 1.3 Forms of Business Organization Topic: Forms of business organization 6. Matt and Alicia created a firm that is a separate legal entity and will share ownership of that firm on a 75/25 basis. Which type of entity did they create if they have no personal liability for the firm's debts? 1-2 Copyright © 2016 McGraw -Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw -Hill Education. A. Limited partnership B. Corporation C. Sole proprietorship D. General partnership E. Pu blic company Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Basic Learning Objective: 01 -03 Compare the financial implications of the different forms of business organizations. Section: 1.3 Forms of Business Organization Topic: Forms of business organization 7. The potential conflict of interest between a firm's owners and its managers is referred to as which type of conflict? A. Organizational B. Structural C. Formative D. Agency E. Territorial AACSB: Ethics Accessibility: Key board Navigation Blooms: Remember Difficulty: 1 Basic Learning Objective: 01 -04 Describe the conflicts of interest that can arise between managers and owners. Section: 1.5 The Agency Problem and Control fo the Corporation Topic: Agency problems and issues 8. An employee has a claim on the cash flows of Martin’s Machines. This claim is defined as a claim by one of the firm's: A. residual owners. B. shareholders. C. financiers. D. provisional partners. E. stakeholders. Accessibility: Keyboard Navig ation Blooms: Remember Difficulty: 1 Basic Learning Objective: 01 -04 Describe the conflicts of interest that can arise between managers and owners. Section: 1.5 The Agency Problem and Control fo the Corporation Topic: Introduction to corporate finance 9. The shareholders of Weil ’s Markets would benefit if the firm were to be acquired by Better Foods. However, Weil’s board of directors rejects the acquisition offer. This is an example of: A. a corporate takeover. B. a capital structure issue. C. a work ing capital decision. D. an agency conflict. E. a compensation issue. Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Basic Learning Objective: 01 -04 Describe the conflicts of interest that can arise between managers and owners. Section: 1.5 The Agency Problem and Control fo the Corporation Topic: Agency problems and issues 10. When conducting a financial analysis of a firm, financial analysts: A. cannot use accounting information as it is historical. B. rely solely on accounting information. C. frequently use accounting information. D. ignore accounting information but do use marketing information. E. assume the future will be a repeat of the past as reflected in the firm?s accounting reports. Accessibility: Keyboard Naviga tion Blooms: Remember Difficulty: 1 Basic Learning Objective: 01 -01 Discuss the basic types of financial management decisions and the role of the financial manager. Section: 1.1 Finance: A Quick Look Topic: Introduction to corporate finance 11. Jamie is em ployed as a currency trader in the Japanese yen market. Her job falls into which one of the following areas of finance? A. International finance B. Financial institutions C. Corporate finance D. Capital management E. Personal finance 1-3 Copyright © 2016 McGraw -Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw -Hill Education. Accessibili ty: Keyboard Navigation Blooms: Remember Difficulty: 1 Basic Learning Objective: 01 -01 Discuss the basic types of financial management decisions and the role of the financial manager. Section: 1.1 Finance: A Quick Look Topic: Introduction to corporate fina nce 12. If you accept a job as a domestic security analyst for a brokerage firm, you are most likely working in which one of the following financial areas? A. International finance B. Private placements C. Corporate finance D. Capital management E. Investments Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Basic Learning Objective: 01 -01 Discuss the basic types of financial management decisions and the role of the financial manager. Section: 1.1 Finance: A Quick Look Topic: Int roduction to corporate finance 13. Which one of the following occupations best fits into the corporate area of finance? A. Mortgage broker B. Treasury bill analyst C. Chief financial officer D. Insurance risk manager E. Local bank manager Accessi bility: Keyboard Navigation Blooms: Remember Difficulty: 1 Basic Learning Objective: 01 -01 Discuss the basic types of financial management decisions and the role of the financial manager. Section: 1.1 Finance: A Quick Look Topic: Introduction to corporate finance 14. Which one of the following functions is generally a responsibility assigned to the corporate treasurer? A. Cost accounting B. Data processing C. Corporate taxes D. Financial accounting E. Capital expenditures Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 1 Basic Learning Objective: 01 -01 Discuss the basic types of financial management decisions and the role of the financial manager. Section: 1.2 Business Finance and the Financial Manager Topic: Management organizat ion and roles 15. Which one of the following functions should be assigned to the corporate treasurer rather than to the controller? A. Data processing B. Cost accounting C. Tax management D. Cash management E. Financial accounting Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Basic Learning Objective: 01 -01 Discuss the basic types of financial management decisions and the role of the financial manager. Section: 1.2 Business Finance and the Financial Manager Topic: Management o rganization and roles 16. Which one of the following correctly defines a common chain of command within a corporation? A. The controller reports directly to the corporate treasurer. B. The treasurer reports directly to the board of directors. C. The chief financial officer reports directly to the board of directors. D. The credit manager reports directly to the controller. E. The controller reports directly to the chief financial officer. Accessibility: Keyboard Navigation Blooms: Remember Diffic ulty: 1 Basic Learning Objective: 01 -01 Discuss the basic types of financial management decisions and the role of the financial manager. Section: 1.2 Business Finance and the Financial Manager Topic: Management organization and roles 17. Capital budgeting includes the evaluation of which of the following? A. Size of future cash flows only B. Size and timing of future cash flows only C. Timing and risk of future cash flows only D. Risk and size of future cash flows only E. Size, timing, and risk of future cash flows

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