Generally, a corporation is owned by the: I) Managers; II) Board of Directors; III) Shareholders

The following are examples of the United States-based corporations except: I) Boeing; II) Microsoft; III) Bank of America; IV) Sony

Costs associated with the conflicts of interest between the bondholders and the shareholders of a corporation are called

Agency costs are incurred by a corporation because:

The following are examples of real assets: I) Machinery; II) Office buildings; III) Warehouse; IV) Common stock

The following are examples of tangible assets except: I) Machinery; II) Office buildings; III) Warehouse; IV) Training for employees

The treasurer is usually responsible the following functions of a corporation: I) Tax obligations; II) Investor relationships; III) Cash management; IV) raising new capital

Mr. Bird has $100 income this year and zero income next year. The market interest rate is 10% per year. Mr. Bird also has an investment opportunity in which he can invest $50 today and receive $80 next year. Suppose Mr. Bird consumes $30 this year and invests in the project. What will be his consumption next year?

As a legal entity a corporation can perform the following functions except: I) borrow money; II) lend money; III) sue and be sued; IV) vote

The mixture of debt and equity, used to finance a corporation is also known as:

The treasurer usually oversees the following functions of a corporation except: I) Preparation of financial statements; II) Investor relationships; III) Cash management; IV) raising new capital

The following are examples of intangible assets except: 

The following are examples of foreign-based corporations except: I) British Petroleum; II) General Electric; III) Sony; IV) Volkswagen

Of the following list, which is a stakeholder? I) Employee; II) Customer; III) Community; IV) Supplier

The idea of "maximizing shareholder value" is widely accepted in: I) U.S.A.; II) U.K; III) Germany; IV) France; V) Japan

Conflicts of interest between shareholders and managers of a firm result in: