Q $1-$ Please Choose the correct answer:

The primary emphasis of the financial manager is the use of

$($a$)$ accrued earnings.

$($b$)$ cash flow.

$($c$)$ organization charts.

$($d$)$ profit incentives.

The key role of the financial manager is

$($a$)$ decision$-$making.

$($b$)$ the presentation of financial statements.

$($c$)$ the preparation of data for future evaluation.

$($d$)$ the collection of financial data.

The primary goal of the company is

$($a$)$ minimizing risk.

$($b$)$ maximizing profit.

$($c$)$ maximizing wealth.

$($d$)$ minimizing return.

Profit maximization fails because it ignores all EXCEPT

$($a$)$ the timing of returns.

$($b$)$ earnings per share.

$($c$)$ cash flows available to stockholders.

$($d$)$ risk.

The board of directors is typically responsible for

$($a$)$ developing strategic goals and plans

$($b$)$ hiring and firing

$($c$)$ both $($a$)$ and $($b$)$

$($d$)$ neither $($a$)$ nor $($b$)$

The dividend exclusion for corporations receiving dividends from another corporation has resulted in

$($a$)$ a lower cost of equity for the corporation paying the dividend.

$($b$)$ a higher relative cost of bond$-$financing for the corporation paying the dividend.

$($c$)$ stock investments being relatively less attractive, relative to bond investments made by one

corporation in another corporation.

$($d$)$ stock investments being relatively more attractive relative to bond investments made by one

corporation in another corporation.