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1 INCORRECT The net wealth of the aggregate economy is equal to the sum of A) all real assets. B) all financial assets. C) all physical assets. D) all real and financial assets. E) none of the above Feedback: The net wealth of the aggregate economy is equal to the sum of all real assets. Financial assets  do not directly contribute the productive capacity of the economy. 2 INCORRECT Asset allocation refers to ____________. A) choosing which securities to hold based on  their valuation B) investing only in "safe" securities C) the allocation of assets into broad asset  classes D) bottom-up analysis E) all of the above Feedback: Asset allocation refers to the allocation of assets into broad asset classes. 3 INCORRECT The Sarbanes-Oxley Act ____________. A) requires corporations to have more  independent directors B) requires the firm's CFO to personally vouch for  the firm's accounting statements C) prohibits auditing firms from providing other  services to clients D) A and B are correct. E) A, B, and C are correct. Feedback: The Sarbanes-Oxley Act requires corporations to have more independent directors, requires the  firm's CFO to personally vouch for the firm's accounting statements, and prohibits auditing firms from  providing other services to clients. 4 INCORRECT
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This note was uploaded on 03/06/2012 for the course FINANCE 5700 taught by Professor Bob during the Spring '12 term at websteruniv.edu.

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