A limited partnership provides limited liability to A) only to limited partners who do not participate in the management of the business. B) all partners. C) only limited partners responsible for day to day management of the firm. D) all general partners. ANSWER A
Date: September 19th, 2020
Financial statement analysis is one of the fundamental concepts that a nonfinancial manager should understand in order to: A) better assess the current environment in which the firm operates. B) better assess the future financing requirements. C) better understand the role of capital markets in raising long-term funds. D) better measure and create value for […]
Date: September 19th, 2020
You decide to borrow $250,000 to build a new home. The bank charges an interest rate of 8% compounded monthly. If you pay back the loan over 30 years, what will your monthly payments be (rounded to the nearest dollar)? A) $1,237 B) $1,123 C) $1,687 D) $1,834 ANSWER D
Date: September 19th, 2020
Which of the following is (are) included in the common declarations page of a commercial package policy? I. A description of the insured property II. A listing of the causes-of-loss that are covered by the policy A) I only B) II only C) both I and II D) neither I nor II ANSWER […]
Date: September 19th, 2020
All of the following are typically advantages of private placements EXCEPT A) reduced flotation costs. B) speed. C) financial flexibility. D) the possibility of future SEC registration. ANSWER D
Date: September 19th, 2020
While the Homeowners Flood Insurance Affordability Act of 2014 rolled-back some premium increases in the Biggert-Waters Act, it included a provision to help fund the large deficit in the National Flood Insurance Program. The provision to help fund the deficit is A) a surcharge on every new home that is constructed in a flood plain. […]
Date: September 19th, 2020
Total risk equals systematic risk plus unsystematic risk. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
Valerie’s home does not qualify for coverage under a standard homeowners policy. Valerie would like to have “open-perils” (all-risks) coverage on her dwelling and named-perils coverage on her personal property. Which of the following policies should Valerie purchase? A) Dwelling Property 1—Basic Form B) Dwelling Property 2— Broad Form C) Dwelling Property 3—Special Form D) […]
Date: September 19th, 2020
An understanding of the role of capital markets is one of the fundamental concepts that a nonfinancial manager should understand in order to: A) better assess the current environment in which the firm operates. B) better assess future financing requirements. C) better understand the role of the capital markets in raising long-term funds. D) better […]
Date: September 19th, 2020
Which of the following statements about mobile home insurance under the ISO program is true? A) The mobile home is insured on a replacement cost basis, but actual cash value coverage can be added by endorsement if it is more appropriate. B) There is no coverage available for “other structures.” C) Built-in, permanently attached furniture […]
Date: September 19th, 2020
