公司财务答案2023秋

第一章测试

1.Which of the following statements is true? （ ）
A:All of the statements above are correct.
B:Sole proprietorships do not have to pay corporate tax.
C:None of the statements above is correct.
D:One of the benefits of incorporating your business is that you become entitled to receive unlimited liability.
E:Sole proprietorships are subject to more regulations than corporations.

答案:B
2.Which of the following statements is most correct? （ ）
A:Statements b and c are correct.
B:Corporations face fewer regulations than sole proprietorships.
C:One disadvantage of being a sole proprietor is that you have to pay corporate taxes, even though you don’t realize the benefits of being a corporation.
D:None of the statements above is correct.
E:One advantage of forming a corporation is that you have limited liability.

答案:E
3.Which of the following could explain why a business might choose to organize as a corporation rather than as a sole proprietorship or a partnership? （ ）
A:Corporations generally face lower taxes.
B:Corporations generally face fewer regulations.
C:Statements c and d are correct.
D:Corporations generally find it easier to raise capital.
E:Corporations enjoy unlimited liability.

答案:D
4.The primary goal of a publicly-owned firm interested in serving its stockholders should be to（ ）
A:Minimize the chances of losses.
B:Maximize the stock price per share.
C:Maximize expected EPS.
D:Maximize expected total corporate profit.
E:Maximize expected net income.

答案:B
5.Which of the following statements is most correct?（ ）
A:Compensating managers with stock can reduce the agency problem between stockholders and managers.
B:The threat of a takeover can reduce the agency problem between bondholders and stockholders.
C:All of the statements above are correct.
D:Statements a and b are correct.
E:Restrictions are included in credit agreements to protect bondholders from the agency problem that exists between bondholders and stockholders.

答案:D