FNAN 522 midterm Exam|ALL CORRECT ANSWERS

FNAN522-020_860- Started on Friday, 29 November 2019, 1:05 PM State Finished Completed on Friday, 29 November 2019, 2:04 PM Time taken 59 mins 19 secs Marks 24.00/30.00 Grade 168.00 out of 210.00 (80%) Question 1 Correct Mark 1.00 out of 1.00 Question 2 Correct Mark 1.00 out of 1.00 A company needs to raise cash to cover its operating expenses. The company will only need the funds for a short period of time. Which financial market is the most appropriate for the company use to raise money (that is, likely the lowest cost and best-matched maturity)? Select one: a. Money market b. Capital market c. Derivative market d. All of these answers The correct answer is: Money market What is the primary goal of the Sarbanes-Oxley act according to the Module 1 video "The Goal of Financial Management"? Select one: a. To protect investors from corporate abuse. b. To help maintain a primary bull market. c. To protect corporate executives from frivolous shareholder lawsuits. d. To prevent a secular bear market. The correct answer is: To protect investors from