BMCH01TB 金融学复习资料.docVIP

Chapter One Financial Economics This chapter contains 48 multiple choice questions, 20 short problems and 5 longer problems. Multiple Choice The primary goal of corporate management is to ________ shareholder wealth. Minimize maximize leverage mitigate Answer: (b) 2.A ________ stock market imposes ________ discipline on managers to take actions to maximize the market value of the firm’s shares. competitive, strong dispersed, weak mature, no dispersed, strong Answer: (a) 3. The ________ form is especially well suited to the separation of ownership and management of firms because it allows relatively frequent changes in owners by share transfer without affecting the operations of the firm. corporate sole proprietorship partnership household Answer: (a) 4. ________ is anything that has economic value. A partnership An asset A balance sheet An income statement Answer: (b) 5. A household’s wealth or net worth is measured by the value of its ________ minus its ________. liabilities; assets assets; liabilities stocks; bonds bonds; liabilities Answer: (b) 6. The branch of finance dealing with financial decisions of firms is called ________ or ________. investments; international finance markets; institutions business finance; institutions business finance; corporate finance Answer: (d) 7. Bonds promise ________ cash payments, while stocks pay the ________ value left over after all other claimants have been paid. variable; residual residual; fixed fixed; residual fixed; variable Answer: (c) 8. The day-to-day financial affairs of the firm are usually referred to as ________. working capital management capital structure capital budgeting strategic planning Answer: (a) 9. A disadvantage of the sole proprietorship is the fact that the sole proprietor has ________. limited liability for the debts of the firm unlimited liability for the debts of the firm expensive costs to establish the firm limited authority over the day-to-day business decisions of the firm Answer: (b) 10. In