Ch_01_Ch_02_S_Key - CF Quiz 1 Ch 01 Ch 02 Key Ch 01 1-1 Which one of the following terms is defined as the management of a firm's long-term

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1 CF Quiz 1 Ch 01 Ch 02 Key Ch 01 1-1. Which one of the following terms is defined as the management of a firm's long-term investments? A. working capital management B. financial allocation C. agency cost analysis D. capital budgeting E. capital structure Refer to section 1.1 2-6. A business partner whose potential financial loss in the partnership will not exceed his or her investment in that partnership is called a: A. generally partner. B. sole proprietor. C. limited partner. D. corporate shareholder. E. zero partner. Refer to section 1.2 3-11. Which one of the following functions should be the responsibility of the controller rather than the treasurer? A. daily cash deposit B. income tax returns C. equipment purchase analysis D. customer credit approval E. payment to a vendor Refer to section 1.1
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2 4-16. Which one of the following statements concerning a sole proprietorship is correct? A. A sole proprietorship is designed to protect the personal assets of the owner. B. The profits of a sole proprietorship are subject to double taxation. C. The owner of a sole proprietorship is personally responsible for all of the company's debts. D. There are very few sole proprietorships remaining in the U.S. today. E.
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This note was uploaded on 11/29/2011 for the course FINANCE 332 taught by Professor Linney during the Fall '11 term at Guilford Tech.

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Ch_01_Ch_02_S_Key - CF Quiz 1 Ch 01 Ch 02 Key Ch 01 1-1 Which one of the following terms is defined as the management of a firm's long-term

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