ADM 2350Q Quiz 1 V 2 Winter 2011 new_answers

ADM 2350Q Quiz 1 V 2 Winter 2011 new_answers - ADM 2350Q...

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ADM 2350Q Name _____________________________ February 1, 2011 Student ID# ________________________ ADM 2350Q Quiz #1 Examination Name: __________________________ February 1, 2011 Version #1 Student ID #: _____________________ 1 Part I - Multiple Choice Questions ( 5 Marks) There are five multiple-choice questions in this part. Each question counts 1 mark. Circle the ONE answer that is the BEST answer to each question. No credit is given for (a) no answer, (b) more than one answer, or (c) an answer other than the best answer to a question. 1 . The most widely accepted objective of the firm is to a. minimize risk b. maximize shareholder wealth c. maximize earnings per share d. maximize profits 2. Which of the following is worth more? a. Future value of an ordinary annuity of PMT dollars per year for n years discounted at i percent. b. Both are worth the same amount. c. Cannot be determined from the information given. d. Future value of an annuity due of PMT dollars per year for n years discounted at i percent. 3. A potential agency conflict can arise between stockholders and creditors because owners may a. decrease the amount of debt outstanding b. decrease the risk of a firm's investments c. increase the firm's net worth
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This note was uploaded on 02/10/2011 for the course ADM 2350 taught by Professor Ronda during the Winter '11 term at University of Ottawa.

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ADM 2350Q Quiz 1 V 2 Winter 2011 new_answers - ADM 2350Q...

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