CH01AQZV7 - Chapter 01 Quiz A Student Name _ _ 1. Student...

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Chapter 01 Quiz A Student Name _________________________ Student ID ____________ ________ 1. Corporate finance addresses the issues of which long-term projects should be undertaken and how those projects should be financed. a. True b. False ________ 2. Capital budgeting is the process of managing a firm’s: a. short-term assets and liabilities. b.long-term investments. c. mix of debt and equity financing. d.working capital. ________ 3. The owner of a sole proprietorship: a. has unlimited liability for the business debts. b.has selected the form of ownership that is the most regulated of all business forms. c. has created an organization with unlimited life. d.suffers from double taxation. ________ 4. Which one of the following statements concerning partnerships is correct? a. A general partner has limited liability for the business debts. b.A limited partner actively participates in running the partnership on a daily basis. c. If one partner wishes to leave a general partnership a new partnership agreement is needed. d.A general partnership has an unlimited life while a limited partnership has a limited life. ________ 5. Which one of the following statements concerning corporations is correct? a. The rules describing how a corporation regulates its own existence are set forth in the articles of
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CH01AQZV7 - Chapter 01 Quiz A Student Name _ _ 1. Student...

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