What This Document Is
This document is a sample first exam for FIN 320, a finance course at California State University, Fullerton. It’s designed to assess understanding of foundational concepts covered in Chapters 1 through 5, as taught by instructor Jennifer Hom, CFA. The exam format includes multiple-choice questions.
Why This Document Matters
This sample exam is a crucial resource for students currently enrolled in FIN 320. It provides a realistic preview of the exam's style, question types, and the scope of material that will be tested. Utilizing this sample allows students to self-assess their preparedness, identify areas needing further review, and practice time management under exam conditions. It’s most valuable when used *before* the actual exam as a diagnostic tool.
Common Limitations or Challenges
This is a *sample* exam, meaning it doesn’t encompass *all* possible topics or question variations that may appear on the official exam. It serves as an illustration of the expected difficulty and format, but shouldn’t be relied upon as a comprehensive study guide or a predictor of exact exam content. Students still need to thoroughly review course materials and complete assigned readings.
What This Document Provides
This preview includes a selection of multiple-choice questions covering topics such as: business structures (sole proprietorships, partnerships, corporations), taxation (corporate and personal), financial management roles, financial institutions, market mechanics (bid-ask spreads), and basic financial statement analysis (balance sheet, income statement, statement of cash flows). Specifically, questions relate to net working capital, debt-equity ratios, earnings per share calculations, and operating margins. This preview *does not* include the answers to the questions, nor does it provide detailed explanations of the underlying financial principles. The full document contains the complete exam with all questions and, presumably, an answer key.
