Test Bank for Principles of Managerial Finance, Arab World Edition

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ExamName___________________________________TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false.1)Finance can be defined as the science and art of managing money.1)2)Financial services are concerned with the duties of the financial manager.2)3)Financial managers actively manage the financial affairs of many types of business-financial andnon-financial, private and public, for-profit and not-for-profit.3)4)A partnership is a business owned by two or more people and operated for profit.4)5)More businesses are organized as corporations than any other legal form. However, soleproprietorships are overwhelmingly dominant with respect to business receipts and net profits.5)6)The board of directors is responsible for managing day-to-day operations and carrying out thepolicies established by the chief executive officer.6)7)The sole proprietor has unlimited liability; his or her total investment in the business, but not his orher personal assets, can be taken to satisfy creditors.7)8)In limited partnerships, only one partner may assume limited liability. All other partners have tohave unlimited liability.8)9)The president or chief executive officer is elected by the firm's stockholders and has ultimateauthority to guide corporate affairs and make general policy.9)10)A financial analyst is responsible for maintaining and controlling the firm's daily cash balances.Frequently manages the firm's short-term investments and coordinates short-term borrowing andbanking relationships.10)11)The capital expenditures analyst/manager is responsible for the evaluation and recommendation ofproposed asset investments and may be involved in the financial aspects of implementation ofapproved investments.11)12)The financial analyst administers the firm's credit policy by analyzing or managing the evaluationof credit applications, extending credit, and monitoring and collecting accounts receivable.12)13)In large companies, the project finance manager is responsible for coordinating the assets andliabilities of the employees' pension fund.13)1

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Principles Of Managerial Finance by...

Test Bank for Principles of Managerial Finance, Arab World Edition

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