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Entrepreneurial Finance, 6th Edition Test Bank

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ExamName___________________________________TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false.1)Finance is any transaction where money is exchanged for goods and services.1)Answer:TrueFalse2)Finance is any transaction where money is exchanged for money or a money-like instrument.2)Answer:TrueFalse3)A dividend is an after tax payment that must be made by all stock companies to the stockholderseach year.3)Answer:TrueFalse4)The United States operates with a free enterprise system.4)Answer:TrueFalse5)A market economy is one where all goods and services are exchanged freely.5)Answer:TrueFalse6)Wheat, soybeans, oil, and gold are commodities.6)Answer:TrueFalse7)The mental and physical talents of human beings are entrepreneurial resources.7)Answer:TrueFalse8)The stocks and bonds issued by a corporation are the economic capital resources of the corporation.8)Answer:TrueFalse9)The stocks and bonds issued by a corporation are the financial capital resources of the corporation.9)Answer:TrueFalse10)In market transactions, when one party wins, the other usually feels as though he or she lost.10)Answer:TrueFalse11)The law of demand states that as the price of an item falls, the quantity demanded will decrease,ceteris paribus.11)Answer:TrueFalse12)As the price of an item increases, the quantity of the item provided to the marketplace will increase,ceteris paribus.12)Answer:TrueFalse13)First National Bank is the central bank of the United States.13)Answer:TrueFalse1

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Subject
Finance
Textbook
Entrepreneurial Finance by Philip J...

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