Feasability Analyze

 Feasability Analyze Essay

Chapter 1

The Role and Environment of Managerial Finance Learning Goal 1: Define finance,  its major areas and opportunities,  and the legal forms of business organization. 1 . 1 . 1) A financial analyst is responsible for maintaining and controlling the firmʹs daily cash balances. Frequently manages the firmʹs short-term investments and coordinates short-term borrowing and banking relationships. Answer: FALSE Matter: Career Opportunities

1 . 1 . 2) Finance is concerned with the process institutions,  markets,  and instruments involved in the transfer of money among and between individuals,  businesses and government. Answer: TRUE Topic: Finance Defined

1 ) 1 . 3) Financial services are concerned with the duties of the financial manager. Answer: FALSE Matter: Role of Financial Manager

1 . 1 . 4) Financial managers actively manage the financial affairs of many types of business -financial and non-financial,  private and public,  for-profit and not-for-profit. Answer: TRUE Topic: Role of Financial Manager

1 ) 1 . 5) In partnerships,  owners have unlimited liability and may have to cover debts of other less financially sound partners. Response: TRUE Matter: Legal Form of Organization

1 ) 1 . 6) In partnerships,  a partner can readily transfer his/her wealth to other partners. Answer: BOGUS Topic: Legal Form of Organization

1 . 1 ) 7) The board of directors is responsible for managing day-to-day operations and carrying out the policies established by the chief executive officer. Answer: FALSE Topic: Corporate Governance

1 . 1 . 8) The sole proprietor has unlimited liability;  his or her total investment in the business,  but not his or her personal assets,  can be taken to satisfy creditors. Answer: FALSE Theme: Legal Form of Organization

1 ) 1 . 9) In limited partnerships,  only one partner may assume limited liability.  All other partners have to have unlimited liability. Answer: PHONY Topic: Legal Form of Organization

2     Gitman  ·  Principles of Managerial Finance,  12e

1 . 1 . 10) The president or chief executive officer is elected by the firmʹs stockholders and has ultimate authority to guide corporate affairs and make general policy. Answer: FALSE Theme: Corporate Governance

1 ) 1 . 11) In limited partnerships,  all partnersʹ liabilities are limited to their investment in the partnership. Response: FALSE Topic: Legal Form of Organization

1 ) 1 . 12) In limited liability partnerships,  the liability protection does not protect partners from their own individual acts of malpractice. Solution: TRUE Topic: Legal Form of Organization

1 . 1 . 13) The capital expenditures analyst/manager is responsible for the evaluation and recommendation of proposed asset investments and may be involved in the financial aspects of implementation of approved investments. Solution: TRUE Theme: Managerial Finance Functions

1 . 1 . 14) The financial analyst administers the firmʹs credit policy by analyzing or managing the evaluation of credit applications,  extending credit,  and monitoring and collecting accounts receivable. Answer: FALSE Subject: Managerial Finance Functions

1 ) 1 . 15) In large companies,  the project finance manager is responsible for coordinating the assets and liabilities of the employeesʹ pension fund. Response: FALSE Theme: Managerial Finance Functions

1 . 1 . 16) In S corporations,  stockholders receive all of the organizational benefits of a corporation and the tax advantages of a partnership,  but lose certain tax advantages related to pension plans that are available to traditional corporations. Answer: TRUE Subject: Legal Form of Organization

1 ) 1 . 17) Unlike an S corporation,  the limited liability corporation (LLC) can own more than 80 percent of another corporation,  and corporations,  partnerships,  or non -U. S i9000.  residents can own limited liability corporation shares. Answer: TRUE Topic: Legal Form of Organization

1 . 1 ) 18) In limited liability partnership,  all partners have limited liability with regard to the business...

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