52.
Award: 10.00 points
Which one of the following grants an individual the right to vote on behalf of a shareholder?
Proxy
Bylaws
Indenture agreement
Stock option
Stock audit
References
Multiple Choice Learning Objective:
01-04 Explain the
conflicts of interest
that can arise
between managers
and owners.
Difficulty: 1 Basic Section: 1.4 The Goal
of Financial
Management
53.
Award: 10.00 points
Ultimately, the ______ control(s) the corporation.
chair of the board
members of the board of directors
chief executive officer
chief operating officer
shareholders
References
Multiple Choice Learning Objective:
01-04 Explain the
conflicts of interest
that can arise
between managers
and owners.
Difficulty: 1 Basic Section: 1.4 The Goal
of Financial
Management
54.
Award: 10.00 points
Which of the following parties are not considered stakeholders of a firm?
rev: 06_21_2021_QC_CS-267758
Employees
Government
Competitors
Customers
Suppliers
References
Multiple Choice Learning Objective:
01-04 Explain the
conflicts of interest
that can arise
between managers
and owners.
Difficulty: 1 Basic Section: 1.4 The Goal
of Financial
Management
55.
Award: 10.00 points
Which one of the following would cause a cash outflow from a corporation?
Issuing new securities
Paying dividends
Taking out a loan from a bank
Receiving a tax refund from the government
Assigning common stock to employees
References
Multiple Choice Learning Objective:
01-03 Articulate the
financial implications
of the different forms
of business
organization.
Difficulty: 2
Intermediate
Section: 1.5 The
Agency Problem and
Control of the
Corporation
56.
Award: 10.00 points
Which one of the following is a cash flow from a corporation into the financial markets?
Borrowing of long-term debt
Payment of government taxes
Payment of loan interest
Issuance of corporate debt
Sale of common stock
References
Multiple Choice Learning Objective:
01-03 Articulate the
financial implications
of the different forms
of business
organization.
Difficulty: 2
Intermediate
Section: 1.5 The
Agency Problem and
Control of the
Corporation
57.
Award: 10.00 points
Which one of the following is a primary market transaction?
Sale of currently outstanding stock by a dealer to an individual investor
Sale of a new share of stock from a corporation to an individual investor
Transfer of stock ownership from one shareholder to another shareholder
Gift of stock from one shareholder to a previous non-shareholder
Repurchase of stock by a corporation from a shareholder
References
Multiple Choice Learning Objective:
01-03 Articulate the
financial implications
of the different forms
of business
organization.
Difficulty: 2
Intermediate
Section: 1.5 The
Agency Problem and
Control of the
Corporation
58.
Award: 10.00 points
Eduardo sold 500 shares of Northcutt Corporation stock on the New York Stock Exchange. This
transaction:
took place in the primary market.
occurred in a dealer market.
occurred in the secondary market.
involved a proxy.
was a private placement.
References
Multiple Choice Learning Objective:
01-03 Articulate the
financial implications
of the different forms
of business
organization.
Difficulty: 2
Intermediate
Section: 1.5 The
Agency Problem and
Control of the
Corporation
59.
Award: 10.00 points
Public offerings of debt and equity must be registered with the:
New York Board of Governors.
Federal Reserve.
NYSE Registration Office.
Securities and Exchange Commission.
Market Dealers Exchange.
References
Multiple Choice Learning Objective:
01-03 Articulate the
financial implications
of the different forms
of business
organization.
Difficulty: 1 Basic Section: 1.5 The
Agency Problem and
Control of the
Corporation
60.
Award: 10.00 points