FNAN 522 / FNAN 522 Exam I-MIDTERM

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FNAN 522 / FNAN 522 Exam I-MIDTERM.Started on Monday, 18 November 2019, 7:12 PM State Finished Completed on Monday, 18 November 2019, 8:05 PM Time taken 53 mins 50 secs Marks 18.00/30.00 Grade 12... 6.00 out of 210.00 (60%) A company needs to raise cash to cover its operating expenses. The company will only need the funds for a short period of time. Which financial market is the most appropriate for the company use to raise money (that is, likely the lowest cost and best-matched maturity)? Select one: a. Capital market b. All of these answers c. Derivative market d. Money market The correct answer is: Money market FNAN522-020_860-202020 Question 2 Correct Mark 1.00 out of 1.00 Question 3 Correct Mark 1.00 out of 1.00 What is the primary goal of the Sarbanes-Oxley act according to the Module 1 video "The Goal of Financial Management"? Select one: a. To help maintain a primary bull market. b. To prevent a secular bear market. c. To protect corporate executives from frivolous shareholder lawsuits. d. To protect investors from corporate abuse. The correct answer is: To protect investors from corporate abuse. Which of the following is an accurate characteristic of a sole proprietorship? Select one: a. There is more than one owner. b. The owner is personally liable for the business's debt and obligations. c. The owner must file a separate tax return for the business. d. A sole proprietorship typically elects board members for staggered terms. The correct answer is: The owner is personally liable for the business's debt and obligations [Show More]

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