Which of the following is not correct?

1. a. Business finance is both an art and science of managing the financial resources of an organization.

b. Finance as an academic discipline, has its roots from accounting and economics.

c. Financial managers have a major role in a company's management. This role is essentially the same in all companies - that is, to acquire the necessary funds and to ensure that they are used effectively.

d. In a large corporation, the owners or stockholders are usually directly involved in making business decisions, particularly on a day-to-day basis. e. Business finance involves the management of financial resources available to the organization.

2.The following are major roles of financial managers, except:

a. managing investments in non-current assets c. declaration of dividends b. Obtaining and servicing short-term finance d. collection and custody of cash

3.The study of ________________ is concerned with the creation of financial assets, the markets for trading securities, and the regulations of financial markets. a. corporate finance c. financial institutions and markets b. investments d. capital budgeting

4. Which of the following is not correct? a. Today, more and more firms are directly addressing the issue of ethics by establishing corporate ethics policies and requiring employee compliance with them. b. Most business leaders believe businesses strengthen their competitive positions by maintaining high ethical standards. c. The goal of ethical standards is to discourage the business to comply to laws and regulations concerning business and professional practices. d. None of the above

. 5. Which of the following is not a function of treasurer and controller? a. Obtaining financing b. Providing audit and assurance report c. Maintaining banking relationships d. Government reporting e. None of the above

6. The goals of the business enterprise are the following, except: a. shareholders wealth maximization b. profit maximization c. behavioral goals and social responsibility d. all of the above e. none of the above

7. The following are roles of the financial managers except: a. cash management c. selecting, hiring, and terminating finance staff b. raising and allocating funds d. none of the above 8. Statement I. The accountant prepares financial statements that recognize revenue at the time of sale and recognize expenses when they are incurred. Statement II. The financial manager places primary emphasis on cash flows, the intake and outgo of cash. a. True, True c. False, false b. True, False d. False, True