d. Corporations generally find it easier to raise larger amounts of capital. The primary operating goal of a publicly-owned firm interested in serving its stockholders should be a. Maximize its sales revenue. b. Maximize its expected EPS. c. Minimize the chances of losses. d. Maximize the stock price per share over the long run, which is the stock's intrinsic value. e. Maximize the stock price on a specific target date. Corporate governance refers to: a. The process of auditing a firm's financial statements. b. Making sure employees are only paid for hours they work. c. Whether decisions by upper management are in the long run interests of shareholders. d. SEC regulations for initial public offerings. Which of the following is a primary market transaction? a. You sell 200 shares of IBM stock on the NYSE through your broker. b. You buy 200 shares of IBM stock from your brother. The trade is not made through a broker-you just give him cash and he gives you the stock. c. IBM issues 2,000,000 shares of new stock and sells them to the public through an investment banker. d. One financial institution buys 200,000 shares of IBM stock from another institution. An investment banker arranges the transaction. c. IBM sells 2,000,000 shares of treasury stock to its employees when they exercise options that were granted in prior years. Money markets are markets for a. Foreign currencies. b. Consumer automobile loans. c. Common stocks. d. Long-term bonds. c. Short-term debt securities such as Treasury bills and commercial paper