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Test Bank For Contemporary Financial Management, 13th Edition

Gain a competitive edge with Test Bank For Contemporary Financial Management, 13th Edition, a well-crafted guide that ensures thorough exam preparation.

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@ 2015 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.CHAPTER 1: THE ROLE AND OBJECTIVE OF FINANCIALMANAGEMENT1.Theprimaryobjectiveofthefirmis:a.Shareholderwealthmaximizationb.Socialresponsibilityc.Longrunsurvivald.ProfitmaximizationANSWER:a2.The shareholder wealthmaximization goal states that management should seek to maximize theof theexpected future returns to the owners of the firm.a.Futurevalueb.Compoundvaluec.Percentagevalued.PresentvalueANSWER:d3.Financialmanagerscantakeavarietyofactionstoinfluencethemarketvalueofacompany'sstock.AllofthefollowingareclassificationsofactionstakenEXCEPT:a.investingdecisionsb.financingdecisionsc.dividenddecisionsd.taximplicationdecisionsANSWER:d4.Shareholderwealthismeasuredbytheoftheshareholders'commonstockholdings.a.Bookvalueb.Marketvaluec.Historicvalued.CompoundvalueANSWER:b5.Thelimitationsoftheprofitmaximizationgoalinclude:a.Itlacksatimedimension(i.e.,itisstatic)b.Itfailstoconsiderriskc.Thedefinitionofprofitisambiguousd.AlltheabovearelimitationsANSWER:d

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Contemporary Financial Management b...

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