Common stock is considered a short-term security because it has no maturity date and a long-term security is one with a maturity date of more than one year. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
Failure to exercise the degree of care required by law to protect others from harm is called A) premeditated liability. B) vicarious liability. C) punitive damages. D) negligence. ANSWER Answer: D
Date: September 19th, 2020
All of the following are elements of negligence EXCEPT A) the ability to pay damages. B) the failure to perform a legal duty to use reasonable care. C) damage or injury to a claimant. D) proximate cause between the negligent act and the injury or harm that occurs. ANSWER Answer: A
Date: September 19th, 2020
A situation in which a person is held legally liable even though fault or negligence cannot be proven is an example of A) general damages. B) comparative negligence. C) an intentional tort. D) strict liability. ANSWER Answer: D
Date: September 19th, 2020
The primary goal of a publicly owned corporation is to ________. A) minimize shareholder risk B) maximize dividends per share C) maximize shareholder wealth D) maximize earnings per share after taxes ANSWER C
Date: September 19th, 2020
Saving surplus units include individuals and governments, but not corporations. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
One type of Medicare Advantage Plans provides focused care for a specific group of people, such as diabetics and nursing home residents. This type of Medicare Advantage Plan is a A) Point of Service (POS) plan. B) Private Fee-for-Service plan. C) Health Maintenance Organization (HMO) plan. D) Special Needs plan. ANSWER Answer: D
Date: September 19th, 2020
Which of the following statements about the elements of negligence is (are) true? I. The negligence of the tortfeasor may arise from a failure to act. II. The damage that results must be in the form of property damage. A) I only B) II only C) both I and II D) neither I nor II […]
Date: September 19th, 2020
Which of the following statements about the Medicare prescription drug benefit is (are) true? I. Beneficiaries select a prescription drug plan and pay monthly premiums, with the premium reduced or waived for low-income beneficiaries. II. The benefit provides first-dollar coverage of prescription drugs up to a maximum of $10,000 per year, but no coverage after […]
Date: September 19th, 2020
One problem with maximization of shareholder wealth as a goal is that it ignores risk taken by the firm’s financial decisions. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
