21.The key variables in the owner wealth maximization process are ________.

total assets and risk

risk-free rate and share price

cash flows and risk

market risk premium and risk

22.

Corporate owners receive return ________.

by realizing gains through increases in share price and cash dividends

by realizing gains through increases in share price and interest earnings

through capital appreciation and retained earnings

through interest earnings and earnings per share

23.

An ethics program is expected to have ________ impact on a firm's share price.

a positive

no impact

an unpredictable

a negative

24.

Bill plans to fund his individual retirement account (IRA) with the maximum contribution of $2,000 at the end of each year for the next 20 years. If Bill can earn 12 percent on his contributions, how much will he have at the end of the twentieth year?

$19,292

$144,104

$40,000

$14,938