Test Bank For Fundamentals of Financial Management Concise 9th Edition By Brigham

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Edition: 9th Edition

Format: Downloadable ZIP Fille

Resource Type: Test bank

Duration: Unlimited downloads

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Test Bank For Fundamentals of Financial Management Concise 9th Edition By Brigham

Note that there is an overlap between the T/F and multiple-choice questions, as some of the T/F statements are used in multiple-choice questions.

Multiple Choice: True/False

1. In most corporations, the CFO ranks under the CEO.

	a.	True
	b.	False

ANSWER:	True
DIFFICULTY:	EASY
REFERENCES:	1-1 What Is Finance?
QUESTION TYPE:	True / False
PREFACE NAME:	T/F
LEARNING OBJECTIVES:	FOFM.BRIG.17.01.01 – What Is Finance?
NATIONAL STANDARDS:	United States – BUSPROG.FOFM.BRIG.17.06 – Reflective thinking
STATE STANDARDS:	United States – OH – DISC.FOFM.BRIG.17.06 – Finance function
TOPICS:	Role of finance
KEYWORDS:	Bloom’s Knowledge
DATE CREATED:	6/23/2015 3:23 PM
DATE MODIFIED:	6/23/2015 3:23 PM

2. The Chairman of the Board must also be the CEO.

	a.	True
	b.	False

ANSWER:	False
DIFFICULTY:	EASY
REFERENCES:	1-1 What Is Finance?
QUESTION TYPE:	True / False
LEARNING OBJECTIVES:	FOFM.BRIG.17.01.01 – What Is Finance?
NATIONAL STANDARDS:	United States – BUSPROG.FOFM.BRIG.17.06 – Reflective thinking
STATE STANDARDS:	United States – OH – DISC.FOFM.BRIG.17.06 – Finance function
TOPICS:	Role of finance
KEYWORDS:	Bloom’s: Knowledge
DATE CREATED:	6/23/2015 3:23 PM
DATE MODIFIED:	6/23/2015 3:23 PM

3. The board of directors is the highest ranking body in a corporation, and the chairman of the board is the highest ranking individual. The CEO generally works under the board and its chairman, and the board generally has the authority to remove the CEO under certain conditions. The CEO, however, cannot remove the board, but he or she can endeavor to have the board voted out and a new board voted in should a conflict arise. It is possible for a person to simultaneously serve as CEO and chairman of the board, though many corporate control experts believe it is bad to vest both offices in the same person.

	a.	True
	b.	False

ANSWER:	True
DIFFICULTY:	EASY
REFERENCES:	1-1 What Is Finance?
QUESTION TYPE:	True / False
LEARNING OBJECTIVES:	FOFM.BRIG.17.01.01 – What Is Finance?
NATIONAL STANDARDS:	United States – BUSPROG.FOFM.BRIG.17.06 – Reflective thinking
STATE STANDARDS:	United States – OH – DISC.FOFM.BRIG.17.06 – Finance function
TOPICS:	Role of finance
KEYWORDS:	Bloom’s: Knowledge
DATE CREATED:	6/23/2015 3:23 PM
DATE MODIFIED:	8/5/2015 1:34 PM

4. Partnerships and proprietorships generally have a tax advantage over corporations.

	a.	True
	b.	False

ANSWER:	True
DIFFICULTY:	EASY
REFERENCES:	1-3 Forms of Business Organization
QUESTION TYPE:	True / False
LEARNING OBJECTIVES:	FOFM.BRIG.17.01.03 – Forms of Business Organization
NATIONAL STANDARDS:	United States – BUSPROG.FOFM.BRIG.17.06 – Reflective thinking
STATE STANDARDS:	United States – OH – DISC.FOFM.BRIG.17.06 – Finance function
TOPICS:	Forms of organization
KEYWORDS:	Bloom’s: Knowledge
DATE CREATED:	6/23/2015 3:23 PM
DATE MODIFIED:	6/23/2015 3:23 PM

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