Midterm Examination in Business Math

The shareholders and board of directors are known to be owners of a corporation.

• TRUE

• FALSE

The roles of a president in a corporation may vary from one company to another.

• TRUE

• FALSE

Although the president carries out the decision making for all functions, it would be difficult for him/her to do this alone that is why the vice presidents of different functional areas are there to assist him/her.

• TRUE

• FALSE

The mix of debt and equity varies in different corporations depending on management's strategies.

• TRUE

• FALSE

The president is also known as the chief executive officer.

• TRUE

• FALSE

Each share held is equal to two voting rights of a shareholder.

• TRUE

• FALSE

Non-declaration of dividends may not disappoint investors.

• TRUE

• FALSE

For short-term bank loans, the interest rate is generally higher as compared to long-term loans.

• TRUE

• FALSE

The president and the vice presidents are called as the managers.

• TRUE

• FALSE

Operating decisions deal with the daily operations of the company.

• TRUE

• FALSE