高级财务管理双语选择题答案Homework-Multiple Choice Questions1.docVIP

HOMEWORK Multiple Choice Questions Topic 1 Introductions D1. Shareholder wealth in a firm is represented by: the number of people employed in the firm. the book value of the firms assets less the book value of its liabilities. the amount of salary paid to its employees. the market price per share of the firms common stock. B2. The long-run objective of financial management is to: maximize earnings per share. maximize the value of the firms common stock. maximize return on investment. maximize market share. C3. What are the earnings per share (EPS) for a company that earned $100,000 last year in after-tax profits, has 200,000 common shares outstanding and $1.2 million in retained earning at the year end? $100,000 $6.00 $0.50 $6.50 A4. A(n) would be an example of a principal, while a(n) would be an example of an agent. shareholder; manager manager; owner accountant; bondholder shareholder; bondholder D5. The market price of a share of common stock is determined by: the board of directors of the firm. the stock exchange on which the stock is listed. the president of the company. individuals buying and selling the stock. C6. The focal point of financial management in a firm is: the number and types of products or services provided by the firm. the minimization of the amount of taxes paid by the firm. the creation of value for shareholders. the dollars profits earned by the firm. B7. The decision function of financial management can be broken down into the decisions. financing and investment investment, financing, and asset management financing and dividend capital budgeting, cash management, and credit management C8. The controllers responsibilities are primarily in nature, while the treasurers responsibilities are primarily related to . operational; financial management financial management; accounting accounting; financial management financial management; operations C9. In the US, the has been given the power to ado