7. The goal of corporate managers should be to a. Minimize liabilities on the balance sheet b. Maximize, or more correctly, optimize profits c. Maximize revenues d. Maximize the companys stock price at all cost

1. The Financial Crisis of 2007-08 has had lingering effects. It
   1. Had only a minor effect on the U.S. Economy
   2. Involved and affected only large investment banks, not the economy as a whole
   3. Was largely caused by easy-money policies and the collapse of the market for collateralized subprime home mortgage loans
   4. Did not involve re-financings