1. What should be the most important goal of a company? a. Wealth Maximization c. Expansion of business b. Increase profit d. Suppliers interest 2. The key participants in financial transactions are individuals, businesses, and governments. Individuals are net __ of funds and businesses are net_ of funds. a. Suppliers; users c. purchases; sellers b. Users; suppliers d. users; providers 3. A type of broker that normally have their messenger who deliver confirmation receipts as well as collect and deliver checks. b. Live broker a. Online broker d. all of the above c. Brokerage firms 4. In what particular practice that suppliers and creditors will improve relationship with each other? a. The suppliers must always produce a product the company needs. b. Suppliers must deliver good quality materials at reasonable price. c. Paying to suppliers and creditors on time. d. Creditors must demand for refund for every delay of transactions. 5. Why is profit maximization supposedly not the most important goal of a company? a. it is a requirement that stockholders must be given attention. b. it is also important to know the interest and give the right benefit of the employees. c. it is important that the company must focus on consumers only. 6. It provides a system for the trading of securities such as stocks and bonds. c. Publicly listed a. Philippine Stock Exchange companies b. Financial Market d. Banks 7.It provides a system for the trading of equity securities of publicly listed companies. c. Philippine Dealing and Exchange a. Banks Corporation b. Philippine Stock Exchange d. Mutual Funds 8. A financial institution that provides protection to insured costumers. a. non-life insurance c. insurance companies b. life insurance d. mutual funds 9. Provides opportunities for big and small investors to invest although they don't have the time and expertise to do it. a. brokerage firms d. mutual funds b. stock exchange c. insurance companies 10. It serve as conduits of investors in buying and selling both government securities and corporate bonds. c. Brokerage a. Banks firms d. Other b. Insurance companies Financial Institutions 11. What additional information in the notes to financial statement that provide the company's property, plant and equipment account? a. brief description of the company b. summary of significant accounting period c. breakdown of amounts found in the financial statement d. all of the above uny 13. Who is the highest policy-making body in a corporation? b. Stockholders c. Board of Directors d. a. President all of the above 14. Who among them are the real owner of the company? a. Preferred Stockholders Investors d. b. Common Stockholders President 15. Which of the following functions is performed by the VP for Sales and Marketing? a. Identifying means, processes, or systems that will minimize the operating cost of the company. b. Identify technology and processes that maximizes production cost and makes the company most competitive. c. Promoting good relationship with customers and distributors. d. Assisting other departments in hiring employees. 16. Who is the biggest stockholder of Metrobank? b. Globe c. GT Capital a. PLDT d. Metrobank 17. They have the priority over the other stocks in terms of claims over the asset of the company. a. Owner c. Common Stocks b. Board of Directors d. Preferred