FINC 331 Final exam (Finance for Nonfinancial Manager) 50 questions

FINC 331 Final exam (Finance for Nonfinancial Manager)



1) Which of the following forms of business organization has the greatest ability to attract new

capital?

A) sole proprietorship

B) general partnership

C) corporation

D) none of the above

2) Which of the following forms of business organizations provide limited liability to all its

owners?

A) limited partnership

B) general partnership

C) corporation

D) both B and C

3) Which of the following best describes the goal of the firm?

A) the maximization of the total market value of the firm's common stock

B) risk minimization

C) profit maximization

D) All of the above are equally important.

4) Which of the following categories of owners have limited liability?

A) sole proprietors

B) shareholders of a corporation

C) general partners