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6. The treasurer is usually responsible the following functions of a corporation except: A. Raising new capital Cash B. management c. Banking relationships D. Internal accounting 7. The following are advantages of separation of ownership and management of corporations except: A. Corporations can exist forever. B. Facilitate transfer of ownership without affecting the operations of the firm. C. Hire professional managers D. Incur agency costs 8. The financial goal of a corporation is to: A. Maximize sales B. Maximize profits Maximize the value of the firm to the C. shareholders Maximize managers' D. benefits 9. Agency costs are: Costs incurred resulting in conflicts of interest between the shareholders and the A. managers of a corporation. B. Costs of monitoring the managers' actions C. Both A and B D. None of the above 10. According to the complex web of contracts (nexus of contracts) approach, written contracts are always: C A. Complete and absolute B. Incomplete C. Supplemented by understandings D. B and C