Question: Help? 26.The __________ decision involves a determination of the total amount of assets needed, the composition of the assets, and whether any assets need to

Help?

26.The __________ decision involves a determination of the total amount of assets needed,

the composition of the assets, and whether any assets need to be reduced, eliminated, or

replaced.

A .Asset management.

B. Financing.

C. Investment.

D. Accounting.

27.The par value of the stocks and bonds outstanding is termed as ___________________.

A.Capitalization.

B.Multiplication.

C.Outstanding income.

D.Earnings before interest and taxes.

28.According to the text's authors, ___________ is the most important of the three financial

management decisions.

A.Asset management decision.

B.Financing decision.

C.Investment decision.

D.Accounting decision.

29.The __________ decision involves efficiently managing the assets on the balance sheet on

a day-to-day basis, especially current assets.

A.Asset management.

B.Financing.

C.Investment.

D.Accounting.

30._____________ is not normally a responsibility of the controller of the modern

corporation.

A.Budgets and forecasts.

B.Asset management.

C.Financial reporting to the IRS.

D.Cost accounting.

31.All constituencies with a stake in the fortunes of the company are known as __________.

A. Shareholders.

B. Stakeholders.

C .Creditors.

D. Customers.

32.Which of the following statements is not correct regarding earnings per share (EPS)

maximization as the primary goal of the firm?

A.EPS maximization ignores the firm's risk level.

B.EPS maximization does not specify the timing or duration of expected EPS.

C.EPS maximization naturally requires all earnings to be retained.

D.EPS maximization is concerned with maximizing net income.

33.__________ is concerned with the maximization of a firm's stock price.

A.Shareholder wealth maximization.

B.Profit maximization.

C.Stakeholder welfare maximization.

D.EPS maximization.

34.Corporate governance success includes three key groups. _____________ represents these

three groups.

A .Suppliers, managers, and customers.

B. Board of directors, executive officers, and common shareholders.

C. Suppliers, employees, and customers.

D .Common shareholders, managers, and employees.

35.In 2 years you are to receive Rs.10, 000. If the interest rate were to suddenly decrease, the

present value of that future amount to you would __________.

A. Fall.

B. Rise.

C. Remain unchanged.

D. Cannot be determined

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