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Test Bank For Fundamentals Of Corporate Finance, 8th Canadian Edition

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01Student: ___________________________________________________________________________1.When evaluating a project in which a firm might invest, the size but not the timing of the cash flows isimportant.TrueFalse2.In capital budgeting, the financial manager tries to identify investment opportunities that are worth moreto the firm than they cost to acquire.TrueFalse3.Maximization of the current earnings of the firm is the main goal of the financial manager.TrueFalse4.The primary goal of a financial manager should be to maximize the value of shares issued to newinvestors in the corporation.TrueFalse5.The primary goal of financial management is to minimize the corporate tax liability.TrueFalse6.When owners are managers (such as in a sole proprietorship), a firm will have agency costs.TrueFalse7.IBEC Inc. of Toronto spends approximately $2 million annually to hire auditors to go over the firm'sfinancial statements. This is an example of an indirect agency cost.TrueFalse8.The board of directors has the power to act on behalf of the shareholders to hire and fire the operatingmanagement of the firm. In a legal sense, the directors are "principals" and the shareholdersare "agents".TrueFalse9.The corporate officer generally responsible for tasks related to tax management, cost accounting,financial accounting, and data processing is the:A. Corporate Treasurer.B. Director.C. Corporate Controller.D. Chairman of the Board.E. Vice President of Operations.10. The corporate officer generally responsible for tasks related to cash and credit management, financialplanning, and capital expenditures is the:A. Corporate Treasurer.B. Director.C. Corporate Controller.D. Chairman of the Board.E. Vice President of Operations.11. The process of planning and managing a firm's Long-term investments is called:A. Working capital management.B. Financial depreciation.C. Agency cost analysis.D. Capital budgeting.E. Capital structure.

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Subject
Finance
Textbook
Fundamentals Of Corporate Finance b...

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