FINANCE I Multiple Choice Chapters 1,2,&3 BB.docx -...

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Multiple ChoiceChapter’s 1 to 31. A stakeholder is:A.Any person or entity that owns shares of stock of a corporation.B.Any person or entity that has voting rights based on stock ownership of a corporation.C.A person who initially started a firm and currently has management control over the cashflows of the firm due to his/her current ownership of company stock.D.Any person or entity who potentially has a claim on the cash flows of the firm.
2. An agency problem is said to exist when there is a conflict of interest between _____ and_____.
3. Which one of the following statements concerning a proprietorship is true?
4. You are interested in purchasing 100 shares of stock in one of the largest corporations in theCanada. You would most likely purchase the shares in _______________.
5. Which one of the following is a correct statement concerning a sole proprietorship?A.A sole proprietorship is relatively difficult to form.B.The profits earned by a sole proprietorship are subject to double taxation.C.A sole proprietorship is more highly regulated than a corporation.D.It may be difficult to transfer the ownership of a sole proprietorship.
6. What is the difference between third and fourth markets?

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Term
Fall
Professor
N/A
Tags
Balance Sheet, Financial Markets, Generally Accepted Accounting Principles

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