FINA 5320 MIDTERM ACTUAL 2025/2026 CORRECTLY ANSWERED

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FINA 5320 MIDTERM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS 1. Which one of the following is defined as a firm's short-term assets and its short-term liabilities? - Answer -A. working capital 2. Which one of the following terms is defined as a conflict of interest between the corporate shareholders and the corporate managers? - Answer -C. agency problem 3. The _________ is ultimately responsible for overseeing the firm and its management. - Answer -D. Board of Directors 4. The controller of a corporation generally reports directly to the: - Answer -E. vice president of finance. 5. Which of the following accounts are included in working capital management? - Answer -D. accounts payable, accounts receivable, and inventory 6. A general partner: - Answer -A. is personally responsible for all the partnership debts 7. Sam, Alfredo, and Juan want to start a small U.S. business. Juan will fund the venture but wants to limit his liability to his initial investment and has no interest in the daily operations. Sam will contribute his full efforts on a daily basis but has limited funds to invest in the business. Alfredo will be involved as an active consultant and manager and will also contribute funds. Sam and Alfredo are willing to accept liability for the firm's debts as they feel they have nothing to lose by doing so. All three individuals will share in the firm's profits and wish to keep the initial organizational costs of the business to a minimum. Which form of business entity should these individuals adopt? - Answer -C. limited partnership Need assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: tutorjean01@gmail.com