fundamentals of corporate finance 11th canadian edition By Stephen A. Ross Test bank
C) The OTC market is physically located in Toronto.
D) The Tokyo Stock Exchange is not a very actively traded upon exchange.
E) The total value of NASDAQ listed stocks is less than the total value of NYSE listed stocks.
188) Working capital management refers specifically to:
A) Obtaining the necessary funds to finance a firm's long term activities.
B) The daily use of a firm's fixed assets to generate revenue.
C) The oversight of a firm's current accounts.
D) The management of a firm's loan accounts from financial institutions.
E) The utilization of a firm's assets daily.
189) Which one of the following statements concerning a sole proprietorship is correct?
A) A sole proprietorship is the least common form of business ownership.
B) The profits of a sole proprietorship are taxed twice.
C) The owners of a sole proprietorship share profits as established by the partnership agreement.
D) The owner of a sole proprietorship may be forced to sell his/her personal assets to pay company debts.
E) A sole proprietorship is often structured as a limited liability company.
190) Which one of the following statements concerning a sole proprietorship is correct?
A) The life of the firm is limited to the life span of the owner.
B) The owner can generally raise large sums of capital quite easily.
C) The ownership of the firm is easy to transfer to another individual.
D) The company must pay separate taxes from those paid by the owner.
E) The legal costs to form a sole proprietorship are quite substantial.
191) The best definition of regulatory dialectic is:
A) The pressures government exerts on regulatory bodies.
B) The pressures financial institutions and regulatory bodies exert on each other.
C) The pressures regulatory bodies exert on corporations.
D) The pressures financial institutions exert on corporations.
E) The pressures regulatory bodies exert on investors.
192) The primary market includes:
A) The purchase and sale of shares of stock between two shareholders.
B) The sale of stock by a shareholder in the open market.
C) The sale of stock by a shareholder in an auction market.
D) The sale of new securities by a corporation for the first time to the public.
E) The sale of stock by a shareholder in the OTC market.
193) Which one of the following statements is correct concerning corporations?
A) The largest firms are usually corporations.