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