Submitted by: Submitted by jalexand007
Views: 470
Words: 278
Pages: 2
Category: Business and Industry
Date Submitted: 07/25/2011 10:07 AM
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)
-------------------------------------------------------------------
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
-------------------------------------------------------------------
Question 2
Maximizing shareholder wealth means maximizing the ____________.
Correct: market value of the firm's common stock
-------------------------------------------------------------------
Question 3
One advantage of the corporation is ______________.
Correct: the superior ability of the corporation to raise capital
-------------------------------------------------------------------
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
-------------------------------------------------------------------
Question 5
The objective of the federal government in taxing income is to ________________.
Correct: all of the above
-------------------------------------------------------------------
Question 6
Marginal corporate income tax rates are_______________.
Correct: rates applicable to the next dollar of income
-------------------------------------------------------------------
Question 7
Three depreciation methods that a firm may use for tax purposes are _____________.
Correct: straight-line, double declining balance, and the modified ACRS...