What type of business organization has all the respective rights and privileges of a legal person?

31.Which type of business organization has all the respective rights and privileges of alegal person?A.sole proprietorshipB.general partnershipC.limited partnershipD.corporationE.limited liability company

Refer to section 1.2AACSB: AnalyticDifficulty: 1 EasyLearning Objective: 01-03 The financial implications of the different forms of business organization.Section: 1.2Topic: Corporation32.Which one of the following best states the primary goal of financial management?

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Refer to section 1.3AACSB: AnalyticDifficulty: 1 EasyLearning Objective: 01-02 The goal of financial management.Section: 1.3Topic: Goal of financial management

33.Which one of the following best illustrates that the management of a firm isadhering to the goal of financial management?

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Refer to section 1.3AACSB: AnalyticDifficulty: 2 MediumLearning Objective: 01-02 The goal of financial management.Section: 1.3Topic: Goal of financial management34.Why should financial managers strive to maximize the current value per share of theexisting stock?

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Page 36 of 45MGMT310: Part 1 practice questionsRefer to section 1.3AACSB: AnalyticDifficulty: 2 MediumLearning Objective: 01-02 The goal of financial management.Section: 1.3Topic: Goal of financial management

35.Decisions made by financial managers should primarily focus on increasing whichone of the following?A.size of the firmB.growth rate of the firmC.gross profit per unit producedD.market value per share of outstanding stockE.total sales

Page 37 of 45MGMT310: Part 1 practice questionsRefer to section 1.3AACSB: AnalyticDifficulty: 2 MediumLearning Objective: 01-02 The goal of financial management.Section: 1.3Topic: Goal of financial management

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Management, Business Law, Corporation, Limited partnership, Types of business entity, Types of companies, AACSB

43.Which type of business organization has all the respective rights and privileges of a legal person?A.sole proprietorshipB.general partnershipC.limited partnershipD.corporationE.limited liability company

Ross - Chapter 001 #43SECTION: 1.2TOPIC: CORPORATIONTYPE: CONCEPTS10

44.The primary goal of financial management is to:

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AACSB TOPIC: ETHICSRoss - Chapter 001 #44SECTION: 1.3TOPIC: FINANCIAL MANAGEMENT GOALTYPE: CONCEPTS45.Financial managers should strive to maximize the current value per share of theexisting stock because:

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AACSB TOPIC: ETHICSRoss - Chapter 001 #45SECTION: 1.3TOPIC: GOAL OF FINANCIAL MANAGEMENTTYPE: CONCEPTS46.The decisions made by financial managers should all be ones which increase the:

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AACSB TOPIC: ETHICSRoss - Chapter 001 #46SECTION: 1.3TOPIC: GOAL OF FINANCIAL MANAGEMENTTYPE: CONCEPTS47.The Sarbanes-Oxley Act of 2002 is a governmental response to:A.increased federal taxes.B.the terrorists attacks on 9/11/2001.C.decreasing corporate dividend payments.D.new stock trading regulations by the stock exchanges.E.corporate scandals.