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Fundamentals Of Corporate Finance, Ninth Canadian Edition Test Bank

Develop a deep understanding of exam topics with Fundamentals Of Corporate Finance, Ninth Canadian Edition Test Bank, a complete study and practice guide.

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ExamName___________________________________MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.1)Which one of the following actions is the best example of an agency problem?1)A)Paying management bonuses based on the number of store locations opened duringthe year.B)Basing management bonuses on the attainment of specific financial goals.C)Accepting a project that enhances both management salaries and the market valueof the firm's stock.D)Requiring stockholders approval of all management compensation decisions.E)Paying management bonuses based on the current market value of the firm's stock.Answer:AExplanation:A)B)C)D)E)2)Which one of the following best describes the primary advantage of being a limitedpartner rather than a general partner?2)A)Entitlement to a larger portion of the partnership's income.B)Liability for firm debts limited to the capital invested.C)Greater management responsibility.D)Ability to manage the day-to-day affairs of the business.E)No potential financial loss.Answer:BExplanation:A)B)C)D)E)3)Which of the following accounts does not relate to working capital managementdecisions?3)A)Short-term debt.B)Accounts receivable.C)Long-term debt.D)Inventory.E)Accounts payable.Answer:CExplanation:A)B)C)D)E)1

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Fundamentals Of Corporate Finance b...

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