The system by which companies are managed and controlled is known as:

A. Management System
B. Strategic System
C. Corporate Governance
D. Internal System

Corporate governance encompasses the relationship among a company’s:

A. Shareholders and board of director
B. Board of directors and senior management
C. Shareholders and senior management
D. Shareholders, board of directors and senior management

The Board of Directors sets company-wide policy and advices the CEO and other senior executies, who manage the company’s:

A. Managerial activities
B. Year-to-Year activities
C. Day-to-Day activities
D. Financial activities

A major facet of financial management involves providing the financing necessary to support:

A. Liabilities
B. Debts
C. Loans
D. Assets

The market price of a firm’s stock represents the focal judgment of all market participants as to the value of the:

A. Particular market
B. Particular firm
C. Particular creditor
D. Particular debtor

Agency theory suggests that managers(the agents), particularly those of large , publically-owned firms, may have different objectives from those of the:

A. Workers
B. Subordinates
C. Shareholders
D. Employees

Maximizing Shareholder wealth:

A. Relieves the firms responsibility towards society
B. Does not relieve the firm’s responsibility towards society
C. Partially relives the firm’s responsibility towards society
D. None of Them

___________ is concerned with the acquisition, financing, and management of assets with some overall goal in mind.

A. Financial management
B. Profit maximization
C. Agency theory
D. Social responsibility

Period costs include which of the following?

A. Selling expense
B. Raw material
C. Direct labor
D. Manufacturing overhead

Product costs include which of the following?

A. Selling expenses
B. General expenses
C. Manufacturing overhead
D. Administrative expenses