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Fin/370 Final Exam

 

FIN/370 Final Exam

 

University of Phoenix

 

8/30/2013

 

1) The goal of the firm should be

 

A. maximization of profits

 

B. maximization of shareholder wealth

 

C. maximization of consumer satisfaction

 

D. maximization of sales

 

The answer is B

 

2) An example of a primary market transaction is

 

A. a new issue of common stock by AT&T

 

B. a sale of some outstanding common stock of AT&T

 

C. AT&T repurchasing its own stock from a stockholder

 

D. one stockholder selling shares of common stock to another individual

 

The answer is A

 

3) According to the agency problem, _________ represent the principals of a corporation.

 

A. shareholders