1621. The board of directors sets company-wide policy and advices the CEO and othe senior executives, who manage the company’s __________.

A. Managerial activities
B. Year-to-Year activities
C. Day-to-Day activities *
D. Financial activities

1622. A major facet of financial management involves providing the financing necessary to support ________.

A. Liabilities
B. Debts
C. Loans
D. Assets *

1623. The market price ofa firm’s stock represents the focal judgement of all market participants as to the value of the __________.

A. Particular market
B. Particular firm *
C. Particular creditor
D. Particular debtor

1624. Agency theory suggests that managers ( The agents ) particularly those of large publically-owned firms, may have different objectives from those of the ____________.

A. Workers
B. Subordinates
C. Shareholders *
D. Employees

1625. Maximizing shareholder wealth _______.

A. Relieves the firms responsibility towards society
B. Does not relieve the firm’s responsibility towards society *
C. Partially relieves the firm’s responsibility towards society
D. None of them

1626. Period costs include which of the following ?

A. Selling expense *
B. Raw material
C. Direct labor
D. Manufacturing overhead

1627. Product costs include which of the following ?

A. Selling expenses
B. General expenses
C. Manufacturing overhead *
D. Administrative expenses

1628 . Financial policy is evaluated which of the following ?

A. Profit margin
B. Total asssets turnover
C. Debt-equity ratio *
D. None of the given options

1629. Cash flow from assets involves which of the following component(s)?

A. Operating cash flow *
B. Capital spending
C. Agency theory
D. Social responsibility

1630. _______ is concerned with the acquisition, financing, and management of assets with some overall goal in mind _________.

A. Financial management *
B. Profit maximization
C. Agency theory
D. Social responsibility