Which one of the following statements is correct?
Subject: Corporate Finance Multiple Choice Quiz ( MCQ ) and Answer
Which one of the following statements is correct?
A limited partnership:
A general partner:
Which one of the following best describes the primary advantage of being a limited partner instead of a general partner?
Which one of the following statements concerning a sole proprietorship is correct?
Which one of the following statements concerning a sole proprietorship is correct?
Which one of the following is a working capital management decision?
The decision to issue additional shares of stock is an example of which one of the following?
Which one of the following is a capital structure decision?
Which one of the following is a capital budgeting decision?
Which one of the following correctly defines the upward chain of command in a typical corporate organizational structure?
The controller of a corporation generally reports directly to the:
Which one of the following functions should be the responsibility of the controller rather than the treasurer?
- daily cash deposit
- income tax returns
- equipment purchase analysis
- customer credit approval
A stakeholder is:
Which one of the following terms is defined as a conflict of interest between the corporate shareholders and the corporate managers?
A business created as a distinct legal entity and treated as a legal “person” is called a:
A business partner whose potential financial loss in the partnership will not exceed his or her investment in that partnership is called a:
A business formed by two or more individuals who each have unlimited liability for all of the firm’s business debts is called a:
A business owned by a solitary individual who has unlimited liability for its debt is called a:
Which one of the following is defined as a firm’s short-term assets and its short-term liabilities?
Which one of the following terms is defined as the mixture of a firm’s debt and equity financing?