fundamentals of corporate finance 11th canadian edition By Stephen A. Ross Test bank
A) The amount of debt versus the amount of equity which should be obtained.
B) The currency and exchange rates of cash inflows and outflows.
C) The amount of cash flows which will be required or obtained.
D) The timing of all cash inflows and outflows.
E) The risk associated with the expected cash inflows.
171) Stockholders elect:
A) The Chief Executive Officer.
B) The Corporate Directors.
C) The Chairman of the Board.
D) The President.
E) All senior managers.
172) Which one of the following statements is correct concerning the organizational structure of a corporation?
A) The vice president of finance reports to the chairman of the board.
B) The chief executive officer reports to the board of directors.
C) The controller reports to the president.
D) The treasurer reports to the chief executive officer.
E) The chief operations officer reports to the vice president of production.
173) Which one of the following correctly defines the chain of command in a typical corporate organizational structure?
A) The vice president of finance reports to the chairman of the board.
B) The chief executive officer reports to the board of directors.
C) The controller reports to the president.
D) The treasurer reports to the chief executive officer.
E) The chief operations officer reports to the vice president of production.
174) Tasks related to tax management, cost accounting, financial accounting, and data processing are the responsibility of which corporate officer?
A) The Corporate Treasurer.
B) The Board of Directors.
C) The Corporate Controller.
D) The Chairman of the Board.
E) The Vice President of Production.
175) Which of the following is an advantage of a corporation compared to that of a sole proprietorship?
A) The owners of the corporation have unlimited liability for the firm's debts.
B) It is the simplest to start.
C) The corporation has an unlimited life.
D) Dividends received by the corporation's shareholders are tax-exempt.
E) It is more difficult to transfer ownership in a corporation.
176) Which of the following is a true statement concerning corporations?
A) The equity that can be raised by the corporation is limited to the current shareholders' personal wealth.
B) The life of the corporation is unlimited.