Contemporary Financial Management, Loose-leaf Version
14th Edition
ISBN: 9781337090636
Author: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
Publisher: South-Western College Pub
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Question
Chapter 1, Problem 4QTD
Summary Introduction
To discuss: Whether the wealth maximization of shareholders is a long-term or short-term goal.
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Which of the following is considered a long-term source of finance for a business?
A) Trade credit
B) Short-term bank loan
C) Issue of shares
D) Overdraft
What is the primary purpose of financial management?
a) Maximizing profitsb) Minimizing expensesc) Maximizing shareholder wealthd) Ensuring employee satisfaction
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2. Which of the following is a short-term source of finance?
a) Bondsb) Equity sharesc) Trade creditd) Debentures
Chapter 1 Solutions
Contemporary Financial Management, Loose-leaf Version
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