Finance Exam
FINANCE
SAMPLE EXAM QUESTIONS
These test questions were developed by the MBA Research Center. Items have been randomly selected from the MBA Research Center’s
Test-Item Bank and represent a variety of instructional areas. Performance indicators for these test questions are at the prerequisite, career-sustaining, and specialist levels. A descriptive test key, including question sources and answer rationale, has been provided.
Copyright © 2014 by MBA Research and Curriculum Center®, Columbus, Ohio. Each individual test item contained herein is the exclusive property of MBA Research Center. Items are licensed only for use as configured within this exam, in its entirety. Use of individual items for any purpose other than as specifically authorized in writing by MBA Research Center is prohibited.
Posted online March 2014 by DECA Inc.
SAMPLE FINANCE EXAM
1. What effect do some environmental laws have on businesses?
A. Limit equipment purchases
C. Control exterior landscapes
B. Require more employees
D. Increase operating costs
2. Limited liability is a characteristic of what form of business ownership?
A. Sole proprietorship
C. Corporation
B. Partnership
D. Joint proprietorship
3. An important purpose of full-disclosure laws and regulations is to
A. provide information to investors so they can make informed decisions.
B. allow company employees to use inside information for personal gain.
C. require companies to disclose all information about their operations.
D. prevent a stock's par value from dropping below its market value.
4. Which of the following has the fiduciary responsibility to make decisions on behalf of a company's shareholders: A. The municipal court system
C. The company's line staff
B. The industry's professional organization
D. The corporation's board of directors
5. Which of the following is an estate-tax deduction:
A. Property passing directly to the surviving spouse
B. Valuable art and collectibles left to
SAMPLE EXAM QUESTIONS
These test questions were developed by the MBA Research Center. Items have been randomly selected from the MBA Research Center’s
Test-Item Bank and represent a variety of instructional areas. Performance indicators for these test questions are at the prerequisite, career-sustaining, and specialist levels. A descriptive test key, including question sources and answer rationale, has been provided.
Copyright © 2014 by MBA Research and Curriculum Center®, Columbus, Ohio. Each individual test item contained herein is the exclusive property of MBA Research Center. Items are licensed only for use as configured within this exam, in its entirety. Use of individual items for any purpose other than as specifically authorized in writing by MBA Research Center is prohibited.
Posted online March 2014 by DECA Inc.
SAMPLE FINANCE EXAM
1. What effect do some environmental laws have on businesses?
A. Limit equipment purchases
C. Control exterior landscapes
B. Require more employees
D. Increase operating costs
2. Limited liability is a characteristic of what form of business ownership?
A. Sole proprietorship
C. Corporation
B. Partnership
D. Joint proprietorship
3. An important purpose of full-disclosure laws and regulations is to
A. provide information to investors so they can make informed decisions.
B. allow company employees to use inside information for personal gain.
C. require companies to disclose all information about their operations.
D. prevent a stock's par value from dropping below its market value.
4. Which of the following has the fiduciary responsibility to make decisions on behalf of a company's shareholders: A. The municipal court system
C. The company's line staff
B. The industry's professional organization
D. The corporation's board of directors
5. Which of the following is an estate-tax deduction:
A. Property passing directly to the surviving spouse
B. Valuable art and collectibles left to