Which one of the following statements is correct concerning the NYSE?
  • The listing requirements for the NYSE are more stringent than those of NASDAQ.

Shareholder A sold shares of Maplewood Cabinets stock to Shareholder B. The stock is listed on the NYSE. This trade occurred in which one of the following?

  • secondary, auction market
Which one of the following statements concerning stock exchanges is correct?
  • Some large companies are listed on NASDAQ.
Public offering of debt and equity must be registered with which one of the following?
  • Securities and Exchange Commission
Shareholder A sold 500 shares of ABC stock on the New York Stock Exchange. This transaction:
  • was facilitated in the secondary market.
Which one of the following is least likely to be an agency problem?
  • increasing the market value of the firm's shares
Which one of the following is an agency cost?
  • hiring outside accountants to audit the company's financial statements
Which one of the following actions by a financial manager is most apt to create an agency problem?
  • increasing current profits when doing so lowers the value of the firm's equity
A firm which opts to “go dark” in response to the Sarbanes-Oxley Act:
  • can provide less information to its shareholders than it did prior to "going dark".
Which one of the following is an unintended result of the Sarbanes-Oxley Act?
  • corporations delisting from major exchanges
Decisions made by financial managers should primarily focus on increasing which one of the following?
  • market value per share of outstanding stock

Which one of the following best illustrates that the management of a firm is adhering to the goal of financial management?

  • increase in the market value per share
Which one of the following best states the primary goal of financial management?
  • maximize the current value per share