Trắc nghiệm tổng hợp _Tài chính doanh nghiệp

TEST BANK_
CORPORATION FINANACE
Tr!c nghi"m mơn Tài chính doanh nghi"p
SÁCH TÀI CHÍNH DOANH NGHIỆP
Stephen A. Ross
Sloan School of Management
Massachusetts Institute of Technology
Randolph W. Westerfield
Marshall School of Business
University of Southern California
Jeffrey Jaffe
Wharton School of Business
University of Pennsylvania

小椰子_ RuanSZ



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TEST BANK_CORPORATION FINANACE | 小椰子_ RuanSZ

CHAPTER 1
Câuhỏisố1
The person generally directly responsible for overseeing the tax
management, cost accounting, financial accounting, and information
systemfunctionsisthe:
Trảlời
• A.treasurer.
• B.director.
• C.controller.

• D.chairmanoftheboard.
• E.chiefexecutiveofficer.

Câuhỏisố2
The person generally directly responsible for overseeing the cash and
creditfunctions,financialplanning,andcapitalexpendituresisthe:
Trảlời
• A.treasurer.
• B.director.
• C.controller.
• D.chairmanoftheboard.
• E.chiefoperationsofficer.

Câuhỏisố3
Theprocessofplanningandmanagingafirm'slong-terminvestmentsis
called:
Trảlời


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TEST BANK_CORPORATION FINANACE | 小椰子_ RuanSZ
•
•
•
•
•

A.workingcapitalmanagement.
B.financialdepreciation.

C.agencycostanalysis.
D.capitalbudgeting.
E.capitalstructure.

Câuhỏisố4
Themixtureofdebtandequityusedbyafirmtofinanceitsoperationsis
called:
Trảlời
• A.workingcapitalmanagement.
• B.financialdepreciation.
• C.costanalysis.
• D.capitalbudgeting.
• E.capitalstructure.

Câuhỏisố5
Themanagementofafirm'sshort-termassetsandliabilitiesiscalled:
Trảlời
• A.workingcapitalmanagement.
• B.debtmanagement.
• C.equitymanagement.
• D.capitalbudgeting.
• E.capitalstructure.

Câuhỏisố6
Abusinessownedbyasingleindividualiscalleda:
Trảlời


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TEST BANK_CORPORATION FINANACE | 小椰子_ RuanSZ
•
•
•
•
•

A.corporation.
B.soleproprietorship.
C.generalpartnership.
D.limitedpartnership.
E.limitedliabilitycompany.


Câuhỏisố7
Abusinessformedbytwoormoreindividualswhoeachhaveunlimited
liabilityforbusinessdebtsiscalleda:
Trảlời
• A.corporation.
• B.soleproprietorship.
• C.generalpartnership.
• D.limitedpartnership.
• E.limitedliabilitycompany.

Câuhỏisố8
Thedivisionofprofitsandlossesamongthemembersofapartnershipis
formalizedinthe:
Trảlời
• A.indemnityclause.
• B.indenturecontract.

• C.statementofpurpose.
• D.partnershipagreement.
• E.groupcharter.




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TEST BANK_CORPORATION FINANACE | 小椰子_ RuanSZ

Câuhỏisố9
A business created as a distinct legal entity composed of one or more
individualsorentitiesiscalleda:
Trảlời
• A.corporation.
• B.soleproprietorship.
• C.generalpartnership.
• D.limitedpartnership.
• E.unlimitedliabilitycompany.

Câuhỏisố10
Thecorporatedocumentthatsetsforththebusinesspurposeofafirmis
the:
Trảlời
• A.indenturecontract.
• B.statetaxagreement.
• C.corporatebylaws.
• D.debtcharter.
• E.articlesofincorporation.

Câuhỏisố11
Therulesbywhichcorporationsgovernthemselvesarecalled:
Trảlời
• A.indentureprovisions.
• B.indemnityprovisions.
• C.charteragreements.
• D.bylaws.
• E.articlesofincorporation.


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TEST BANK_CORPORATION FINANACE | 小椰子_ RuanSZ

Câuhỏisố12
Abusinessentityoperatedandtaxedlikeapartnership,butwithlimited
liabilityfortheowners,iscalleda:
Trảlời
• A.limitedliabilitycompany.
• B.generalpartnership.
• C.limitedproprietorship.
• D.soleproprietorship.
• E.corporation.

Câuhỏisố13
Theprimarygoaloffinancialmanagementisto:
Trảlời
• A.maximizecurrentdividendspershareoftheexistingstock.
• B.maximizethecurrentvaluepershareoftheexistingstock.

• C.avoidfinancialdistress.
• D.minimizeoperationalcostsandmaximizefirmefficiency.
• E.maintainsteadygrowthinbothsalesandnetearnings.

Câuhỏisố14
Aconflictofinterestbetweenthestockholdersandmanagementofafirm
iscalled:
Trảlời
• A.stockholders'liability.
• B.corporatebreakdown.
• C.theagencyproblem.
• D.corporateactivism.
• E.legalliability.


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TEST BANK_CORPORATION FINANACE | 小椰子_ RuanSZ

Câuhỏisố15
Agencycostsreferto:
Trảlời
• A.thetotaldividendspaidtostockholdersoverthelifetimeofafirm.
• B.thecoststhatresultfromdefaultandbankruptcyofafirm.
• C.corporateincomesubjecttodoubletaxation.
• D.the costs of any conflicts of interest between stockholders and
management.
• E.thetotalinterestpaidtocreditorsoverthelifetimeofthefirm.

Câuhỏisố16

Astakeholderis:
Trảlời
• A.anypersonorentitythatownssharesofstockofacorporation.
• B. any person or entity that has voting rights based on stock
ownershipofacorporation.
• C. a person who initially started a firm and currently has
managementcontroloverthecashflowsofthefirmduetohis/her
currentownershipofcompanystock.
• D. a creditor to whom the firm currently owes money and who
consequentlyhasaclaimonthecashflowsofthefirm.
• E.any person or entity other than a stockholder or creditor who
potentiallyhasaclaimonthecashflowsofthefirm.

Câuhỏisố17
TheSarbanesOxleyActof2002isintendedto:
Trảlời
• A.protectfinancialmanagersfrominvestors.


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TEST BANK_CORPORATION FINANACE | 小椰子_ RuanSZ
•
•
•
•

B.nothaveanyeffectonforeigncompanies.
C.reducecorporaterevenues.
D.protectinvestorsfromcorporateabuses.

E.decreaseauditcostsforU.S.firms.


Câuhỏisố18
Thetreasurerandthecontrollerofacorporationgenerallyreporttothe:
Trảlời
• A.boardofdirectors.
• B.chairmanoftheboard.
• C.chiefexecutiveofficer.
• D.president.
• E.chieffinancialofficer.

Câuhỏisố19
Which one of the following statements is correct concerning the
organizationalstructureofacorporation?
Trảlời
• A.Thevicepresidentoffinancereportstothechairmanoftheboard.
• B.Thechiefexecutiveofficerreportstotheboardofdirectors.
• C.Thecontrollerreportstothepresident.
• D.Thetreasurerreportstothechiefexecutiveofficer.
• E. The chief operations officer reports to the vice president of
production.





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TEST BANK_CORPORATION FINANACE | 小椰子_ RuanSZ

Câuhỏisố20
Whichoneofthefollowingisacapitalbudgetingdecision?
Trảlời
• A. Determining how much debt should be borrowed from a
particularlender
• B.Decidingwhetherornottoopenanewstore
• C.Decidingwhentorepayalong-termdebt
• D.Determininghowmuchinventorytokeeponhand
• E. Determining how much money should be kept in the checking
account
Câuhỏisố21
TheSarbanesOxleyActwasenactedin:
Trảlời
• A.1952.
• B.1967.
• C.1998.
• D.2002.
• E.2006.
Câuhỏisố22
SincetheimplementationofSarbanes-Oxley,thecostofgoingpublicinthe
UnitedStateshas:
Trảlời
• A.increased.
• B.decreased.
• C.remainedaboutthesame.
• D.beenerratic,butovertimehasdecreased.
• E.ItisimpossibletotellsinceSarbanes-Oxleycompliancedoesnot
involvedirectcosttothefirm.

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TEST BANK_CORPORATION FINANACE | 小椰子_ RuanSZ

Câuhỏisố23
Workingcapitalmanagementincludesdecisionsconcerningwhichofthe
following?
I.accountspayable
II.long-termdebt
III.accountsreceivable
IV.inventory
Trảlời
• A. I and II only
• B. I and III only
• C. II and IV only
• D. I, II, and III only
• E.I, III, and IV only

Câuhỏisố24
Workingcapitalmanagement:
Trảlời
• A. ensures that sufficient equipment is available to produce the
amountofproductdesiredonadailybasis.
• B. ensures that long-term debt is acquired at the lowest possible
cost.
• C.ensuresthatdividendsarepaidtoallstockholdersonanannual
basis.
• D.balancestheamountofcompanydebttotheamountofavailable
equity.

• E.isconcernedwiththeupperportionofthebalancesheet.



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TEST BANK_CORPORATION FINANACE | 小椰子_ RuanSZ


Câuhỏisố25
Whichoneofthefollowingstatementsconcerningasoleproprietorshipis
correct?
Trảlời
• A. A sole proprietorship is the least common form of business
ownership.
• B.Theprofitsofasoleproprietorshiparetaxedtwice.
• C.Theownersofasoleproprietorshipshareprofitsasestablished
bythepartnershipagreement.
• D.Theownerofasoleproprietorshipmaybeforcedtosellhis/her
personalassetstopaycompanydebts.
• E. A sole proprietorship is often structured as a limited liability
company.
Câuhỏisố26
Whichoneofthefollowingstatementsconcerningasoleproprietorshipis
correct?
Trảlời
• A.Thelifeofthefirmislimitedtothelifespanoftheowner.
• B.Theownercangenerallyraiselargesumsofcapitalquiteeasily.
• C.Theownershipofthefirmiseasytotransfertoanotherindividual.
• D. The company must pay separate taxes from those paid by the

owner.
• E.Thelegalcoststoformasoleproprietorshiparequitesubstantial.
Câuhỏisố27
Whichoneofthefollowingbestdescribestheprimaryadvantageofbeing
alimitedpartnerratherthanageneralpartner?


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TEST BANK_CORPORATION FINANACE | 小椰子_ RuanSZ

Trảlời
• A.Entitlementtoalargerportionofthepartnership'sincome
• B.Abilitytomanagetheday-to-dayaffairsofthebusiness
• C.Nopotentialfinancialloss
• D.Greatermanagementresponsibility
• E.Liabilityforfirmdebtslimitedtothecapitalinvested

Câuhỏisố28
Ageneralpartner:
Trảlời
• A.haslesslegalliabilitythanalimitedpartner.
• B.hasmoremanagementresponsibilitythanalimitedpartner.
• C.facesdoubletaxationwhereasalimitedpartnerdoesnot.
• D.cannotlosemorethantheamountofhis/herequityinvestment.
• E. is the term applied only to corporations which invest in
partnerships.

Câuhỏisố29
Apartnership:

Trảlời
• A.istaxedthesameasacorporation.
• B.agreementdefineswhetherthebusinessincomewillbetaxedlike
apartnershiporacorporation.
• C.terminatesatthedeathofanygeneralpartner.
• D.haslessofanabilitytoraisecapitalthanaproprietorship.
• E.allowsforeasytransferofinterestfromonegeneralpartnerto
another.


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TEST BANK_CORPORATION FINANACE | 小椰子_ RuanSZ

Câuhỏisố30
Whichofthefollowingaredisadvantagesofapartnership?
I.Limitedlifeofthefirm
II.Personalliabilityforfirmdebt
III.Greaterabilitytoraisecapitalthanasoleproprietorship
IV.Lackofabilitytotransferpartnershipinterest
Trảlời
• A. I and II only
• B. III and IV only
• C. II and III only
• D.I, II, and IV only
• E. I, III, and IV only
Câuhỏisố31
Whichofthefollowingareadvantagesofthecorporateformofbusiness
ownership?
I.limitedliabilityforfirmdebt

II.doubletaxation
III.abilitytoraisecapital
IV.unlimitedfirmlife
Trảlời
• A. I and II only
• B. III and IV only
• C. I, II, and III only
• D. II, III, and IV only
• E.I, III, and IV only




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TEST BANK_CORPORATION FINANACE | 小椰子_ RuanSZ

Câuhỏisố32
Whichoneofthefollowingstatementsiscorrectconcerningcorporations?
Trảlời
• A.Thelargestfirmsareusuallycorporations.
• B.Themajorityoffirmsarecorporations.
• C.Thestockholdersareusuallythemanagersofacorporation.
• D.Theabilityofacorporationtoraisecapitalisquitelimited.
• E.Theincomeofacorporationistaxedaspersonalincomeofthe
stockholders.

Câuhỏisố33
Whichoneofthefollowingstatementsiscorrect?
Trảlời

• A.Bothpartnershipsandcorporationsincurdoubletaxation.
• B.Bothsoleproprietorshipsandpartnershipsaretaxedinasimilar
fashion.
• C.Partnershipsarethemostcomplicatedtypeofbusinesstoform.
• D. Both partnerships and corporations have limited liability for
generalpartnersandshareholders.
• E.Alltypesofbusinessformationshavelimitedlives.
Câuhỏisố34
Thearticlesofincorporation:
Trảlời
• A.canbeusedtoremovecompanymanagement.
• B.areamendedannuallybythecompanystockholders.
• C.setforththenumberofsharesofstockthatcanbeissued.


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TEST BANK_CORPORATION FINANACE | 小椰子_ RuanSZ
•

•

D. set forth the rules by which the corporation regulates its
existence.
E. can set forth the conditions under which the firm can avoid
doubletaxation.

Câuhỏisố35
Thebylaws:
Trảlời

• A.establishthenameofthecorporation.
• B.areruleswhichapplyonlytolimitedliabilitycompanies.
• C.setforththepurposeofthefirm.
• D.mandatetheprocedureforelectingcorporatedirectors.
• E.setforththeprocedurebywhichthestockholderselectthesenior
managersofthefirm.

Câuhỏisố36
Theownersofalimitedliabilitycompanyprefer:
Trảlời
• A.beingtaxedlikeacorporation.
• B.havingliabilityexposuresimilartothatofasoleproprietor.
• C.beingtaxedpersonallyonallbusinessincome.
• D.havingliabilityexposuresimilartothatofageneralpartner.
• E.beingtaxedlikeacorporationwithliabilitylikeapartnership.
Câuhỏisố37
Whichoneofthefollowingbusinesstypesisbestsuitedtoraisinglarge
amountsofcapital?
Trảlời


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TEST BANK_CORPORATION FINANACE | 小椰子_ RuanSZ
•
•
•
•
•

A.soleproprietorship
B.limitedliabilitycompany
C.corporation
D.generalpartnership
E.limitedpartnership

Câuhỏisố38
Which type of business organization has all the respective rights and
privilegesofalegalperson?
Trảlời
• A.soleproprietorship
• B.generalpartnership
• C.limitedpartnership
• D.corporation
• E.limitedliabilitycompany
Câuhỏisố39
Financialmanagersshouldstrivetomaximizethecurrentvaluepershare
oftheexistingstockbecause:
Trảlời
• A. doing so guarantees the company will grow in size at the
maximumpossiblerate.
• B.doingsoincreasesthesalariesofalltheemployees.
• C.thecurrentstockholdersaretheownersofthecorporation.
• D. doing so means the firm is growing in size faster than its
competitors.
• E. the managers often receive shares of stock as part of their
compensation.


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TEST BANK_CORPORATION FINANACE | 小椰子_ RuanSZ

Câuhỏisố40
Which one of the following actions by a financial manager creates an
agencyproblem?
Trảlời
• A.Refusingtoborrowmoneywhendoingsowillcreatelossesfor
thefirm
• B. Refusing to lower selling prices if doing so will reduce the net
profits
• C.Agreeingtoexpandthecompanyattheexpenseofstockholders'
value
• D.Agreeingtopaybonusesbasedonthebookvalueofthecompany
stock
• E.Increasingcurrentcostsinordertoincreasethemarketvalueof
thestockholders'equity
Câuhỏisố41
Which of the following help convince managers to work in the best
interest of the stockholders?I. compensation based on the value of the
stockII.stockoptionplansIII.threatofaproxyfightIV.threatofconversion
toapartnership
Trảlời
• A.IandIIonly
• B.IIandIIIonly
• C.I,IIandIIIonly
• D.IandIIIonly
• E.I,II,III,andIV

Câuhỏisố42

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TEST BANK_CORPORATION FINANACE | 小椰子_ RuanSZ

Whichformofbusinessstructurefacesthegreatestagencyproblems?
Trảlời
• A.soleproprietorship
• B.generalpartnership
• C.limitedpartnership
• D.corporation
• E.limitedliabilitycompany

Câuhỏisố43
Aproxyfightoccurswhen:
Trảlời
• A.theboardsolicitsrenewalofcurrentmembers.
• B.agroupsolicitsproxiestoreplacetheboardofdirectors.
• C.acompetitorofferstoselltheirownershipinthefirm.
• D.thefirmfilesforbankruptcy.
• E.thefirmisdeclaredinsolvent.

Câuhỏisố44
Whichoneofthefollowingpartiesisconsideredastakeholderofafirm?
Trảlời
• A.employee
• B.short-termcreditor
• C.long-termcreditor
• D.preferredstockholder

• E.commonstockholder



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TEST BANK_CORPORATION FINANACE | 小椰子_ RuanSZ

Câuhỏisố45
WhichofthefollowingarekeyrequirementsoftheSarbanes-OxleyAct?I.
Officersofthecorporationmustreviewandsignannualreports.II.Officers
of the corporation must now own more than 5% of the firm's stock.III.
Annual reports must list deficiencies in internal controls.IV. Annual
reportsmustbefiledwiththeSECwithin30daysofyearend.
Trảlời
• A.Ionly.
• B.IIonly.
• C.IandIIIonly.
• D.IIandIIIonly.
• E.IIandIVonly.
Câuhỏisố46
Insidertradingis:
Trảlời
• A.legal.
• B.illegal.
• C.impossibletohaveinourefficientmarket.
• D.discouraged,butlegal.
• E.listonlythesecuritiesofthelargestfirms.
Câuhỏisố47
Soleproprietorshipsarepredominantlystartedbecause:

Trảlời
• A.theyareeasilyandcheaplysetup.
• B.theproprietorshiplifeislimitedtothebusinessowner'slife.
• C.allbusinesstaxesarepaidasindividualtax.
• D.Allofthese.


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TEST BANK_CORPORATION FINANACE | 小椰子_ RuanSZ
•

E.Noneofthese.

Câuhỏisố48
Managersareencouragedtoactinshareholders'interestsby:
Trảlời
• A. shareholder election of a board of directors who select
management.
• B.thethreatofatakeoverbyanotherfirm.
• C. compensation contracts that tie compensation to corporate
success.
• D. Both shareholder election of a board of directors who select
management;andthethreatofatakeoverbyanotherfirm.
• E.Allofthese.
Câuhỏisố49
TheSecuritiesExchangeActof1934focuseson:
Trảlời
• A.allstocktransactions.
• B.salesofexistingsecurities.

• C.issuanceofnewsecurities.
• D.insidertrading.
• E.FederalDepositInsuranceCorporation(FDIC)insurance.
Câuhỏisố50
ThebasicregulatoryframeworkintheUnitedStateswasprovidedby:
Trảlời
• A.theSecuritiesActof1933.
• B.theSecuritiesExchangeActof1934.
• C.themonetarysystem.