Ch Test

Student Name: James Alexander

Student Email: jalexand007@gmail.com

Site Title: Foundations of Finance UOP custom CW

Book's Title: UOP-custom course for Finance

Book's Author: Levine

Location on Site: Chapter 1 > Readiness Assessment Quiz

90% Correct of 10 Scored items:

9 correct: 90%

1 incorrect: 10%

Submitted on July 23, 2011 at  5:16 PM (UTC/GMT)

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Question 1

Shareholder wealth maximization is considered to be a more appropriate goal for the firm than profit maximization because ______________.

Correct: it takes into account the timing of the expected returns

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Question 2

Maximizing shareholder wealth means maximizing the ____________.

Correct: market value of the firm's common stock

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Question 3

One advantage of the corporation is ______________.

Correct: the superior ability of the corporation to raise capital

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Question 4

The major difference between a limited and a general partner is that general partners ______________.

Incorrect: incur liability restricted to the amount of capital invested in the partnership

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Question 5

The objective of the federal government in taxing income is to ________________.

Correct: all of the above

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Question 6

Marginal corporate income tax rates are_______________.

Correct: rates applicable to the next dollar of income

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Question 7

Three depreciation methods that a firm may use for tax purposes are _____________.

Correct: straight-line, double declining balance, and the modified ACRS...