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Past Exam for FIN 311 - FINANCIAL MGT I with Wolf at Clemson (Clemson)

Exam Information

Material Type:Exam 1
Professor:Wolf
Class:FIN 311 - FINANCIAL MGT I
Subject:FINANCE
University:Clemson University
Term:Fall 2008
Keywords:
  • Shareholder Wealth
  • Shareholder
  • Limited Partnerships
  • Proprietorship
  • Age Differences
  • Immediately
  • Organization
  • Shareholders
  • Economic Environment
  • Accounting Costs
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Sample Document Text

Chapter 1 The Role and Objective of Financial Management http://admin.wadsworth.com/resource_uploads/downloads/0324 289081_52406.doc MULTIPLE CHOICE 1. The primary objective of the firm is: a. Shareholder wealth maximization b. Social responsibility c. Long run survival d. Profit maximization OBJ: TYPE: Fact TOP: A Foundation Concept ANS: A 2. The limitations of the profit maximization goal include: a. It lacks a time dimension (i.e., it is static) b. It fails to consider risk c. The definition of profit is ambiguous d. All the above are limitations ANS: D OBJ: TYPE: Fact TOP: Maximization of shareholder wealth: Managerial strategies 3. The shareholder wealth maximization goal states that management should seek to maximize the _______ of the expected future returns to the owners of the firm. a. Future value b. Compound value c. Percentage value d. Present value OBJ: TYPE: Fact TOP: A Foundation Concept ANS: D 4. Shareholder returns can take the form of a. Periodic dividend payments b. Proceeds from the ...

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