Wall Street Prep Premium Exam | Real Test
Questions with Accurate Solutions | 100%
Correct (A+)
• How are funds allocated efficiently in a market economy? -✓✓the economic unit that is
willing to pay the highest expected return receives the funds
• which of the following enjoys limited liability -✓✓a corporation
• michael cohn -✓✓general partnership
• A corporatio in which you are a shareholder has just gone bankrupt. its liabilities are
far in excess of its assets -✓✓an amount that could at equal
• 3o year bond -✓✓secondary capital market
• A major advantage of the corporate form of organization is -✓✓limited owner liability
• money market mutual funds -✓✓enable individiuals and small businesses to invest
indirectly
• purpose of financial markets -✓✓allocate savings efficiently
• which is not an example of financial intermediary -✓✓IBm
• this book is mainly about -✓✓financial decisions made by corporations
• finance, deals with -✓✓all of the above
• the following are examples of the US bases corps except -✓✓Unilever
• the following are examples of foreign based corps except -✓✓general electric
• businesses can be organizing as -✓✓any of the above
• A corp is owned by the -✓✓shareholders
• limited liability is an important feature of -✓✓corps
• corps, potentially have infinite life because -✓✓legal entity
, • Main disadvantage of organizing a business as a corp in the US -✓✓Double taxation
• Larger number of US corps are incorporated in -✓✓Delaware
• Following are examples of real assets except -✓✓common stock
• follow are examples of intangible assets except -✓✓machinery
• following are examples of financial assets except -✓✓patents
• firms investments decision is also called -✓✓capital budgeting decision
• in finance "short term" means -✓✓less than one year
• following cities are also important financial centers of the world -✓✓All of the above
• Treasurer usually oversees the following functions of a corporation except -
✓✓Preparation of financial statements
• Treasurer is usually responsible the following functions of a corp except -✓✓internal
accounting
• The controller is usually responsible for the following functions of a corp except -
✓✓raising new capital
• the controller usually oversees the following functions of a corp except -✓✓Cash
management
• The CFO of a corp oversees -✓✓Both A and B
• Following are advantages of separation of ownership and management of corps
except -✓✓Incur agency costs
• Conflicts of interest between shareholders and managers of a firm result in -✓✓Both A
and B
• Financial goal of a corp is to -✓✓Maximize the value of the firm for the shareholders
• Agency costs are incurred by a corp because -✓✓All of the above
• In the principal agent framework -✓✓A and B
Questions with Accurate Solutions | 100%
Correct (A+)
• How are funds allocated efficiently in a market economy? -✓✓the economic unit that is
willing to pay the highest expected return receives the funds
• which of the following enjoys limited liability -✓✓a corporation
• michael cohn -✓✓general partnership
• A corporatio in which you are a shareholder has just gone bankrupt. its liabilities are
far in excess of its assets -✓✓an amount that could at equal
• 3o year bond -✓✓secondary capital market
• A major advantage of the corporate form of organization is -✓✓limited owner liability
• money market mutual funds -✓✓enable individiuals and small businesses to invest
indirectly
• purpose of financial markets -✓✓allocate savings efficiently
• which is not an example of financial intermediary -✓✓IBm
• this book is mainly about -✓✓financial decisions made by corporations
• finance, deals with -✓✓all of the above
• the following are examples of the US bases corps except -✓✓Unilever
• the following are examples of foreign based corps except -✓✓general electric
• businesses can be organizing as -✓✓any of the above
• A corp is owned by the -✓✓shareholders
• limited liability is an important feature of -✓✓corps
• corps, potentially have infinite life because -✓✓legal entity
, • Main disadvantage of organizing a business as a corp in the US -✓✓Double taxation
• Larger number of US corps are incorporated in -✓✓Delaware
• Following are examples of real assets except -✓✓common stock
• follow are examples of intangible assets except -✓✓machinery
• following are examples of financial assets except -✓✓patents
• firms investments decision is also called -✓✓capital budgeting decision
• in finance "short term" means -✓✓less than one year
• following cities are also important financial centers of the world -✓✓All of the above
• Treasurer usually oversees the following functions of a corporation except -
✓✓Preparation of financial statements
• Treasurer is usually responsible the following functions of a corp except -✓✓internal
accounting
• The controller is usually responsible for the following functions of a corp except -
✓✓raising new capital
• the controller usually oversees the following functions of a corp except -✓✓Cash
management
• The CFO of a corp oversees -✓✓Both A and B
• Following are advantages of separation of ownership and management of corps
except -✓✓Incur agency costs
• Conflicts of interest between shareholders and managers of a firm result in -✓✓Both A
and B
• Financial goal of a corp is to -✓✓Maximize the value of the firm for the shareholders
• Agency costs are incurred by a corp because -✓✓All of the above
• In the principal agent framework -✓✓A and B
