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42.
Which one of the following is an unintended result of the Sarbanes-Oxley
Act?
43.
A firm which opts to "go dark" in response to the Sarbanes-Oxley Act:
44.
Which of the following are results related to the enactment of the
Sarbanes-Oxley Act of 2002?
I. increased foreign stock exchange listings of U.S. stocks
II. decreased compliance costs
III. increased privatization of public corporations
IV. increased public disclosure by all corporations
45.
Which one of the following actions by a financial manager is most apt to
create an agency problem?
46.
Which of the following help convince managers to work in the best interest
of the stockholders? Assume there are no golden parachutes.
I. compensation based on the value of the stock
II. stock option plans
III. threat of a company takeover
IV. threat of a proxy fight
47.
Which form of business structure is most associated with agency
problems?
48.
Which one of the following is an agency cost?
49.
Which one of the following is least likely to be an agency problem?
50.
Which one of the following is a means by which shareholders can replace
company management?
51.
Which one of the following grants an individual the right to vote on behalf of
a shareholder?
52.
Which one of the following parties has ultimate control of a corporation?
53.
Which of the following parties are considered stakeholders of a firm?
I. employee
II. long-term creditor
III. government
IV. common stockholder
54.
Which of the following represent cash outflows from a corporation?
I. issuance of securities
II. payment of dividends
III. new loan proceeds
IV. payment of government taxes
55.
Which of the following are cash flows from a corporation into the financial
markets?
I. repayment of long-term debt
II. payment of government taxes
III. payment of loan interest
IV. payment of quarterly dividend
56.
Which one of the following is a primary market transaction?
57.
Shareholder A sold 500 shares of ABC stock on the New York Stock
Exchange. This transaction:
