HCAD760 Module 1 Exam Questions with Complete Solutions Graded A+
9 views 0 purchase
Module
LSUS MHA 706
Institution
LSUS MHA 706
Accounting - Answer: measurement in financial (dollar) terms of events that reflect the resources, operations, and financing of an organization
Financial Management - Answer: provides the theory, concepts, and tools necessary to help managers make better financial decisions
Characteristics ...
, Accounting - Answer: measurement in financial (dollar) terms of events that reflect the resources,
operations, and financing of an organization
Financial Management - Answer: provides the theory, concepts, and tools necessary to help managers
make better financial decisions
Characteristics of a business - Answer: • Obtains financing from marketplace
• Uses funds to buy assets
• Operates the assets to provide goods or services
Sells the goods or services to create revenue
4 Cs of finance - Answer: 1) Cost minimization 2) Cash sufficiency 3) Capital access 4) Control of financial
resources
Proprietorship - Answer: business owned by a single individual
Partnership - Answer: a business owned by two or more people
Corporation - Answer: Legal business directly separate from owners or management.
Advantages of Proprietorship & Partnership - Answer: ease of formation, few regulations, no corp.
income taxes
Disadvantages of Proprietorship & Partnership - Answer: limited life, difficult to transfer ownership,
unlimited liability
Advantages & Disadvantages of Corporations - Answer: Advantages: unlimited life, easy transfer of
ownership, limited liability, ease of raising capital
Disadvantages: Cost of formation and reporting, double taxation for investor-owned corporations
Hybrid forms of Organization - Answer: Limited liability partnership, limited liability corporation
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller YourExamplug. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £10.95. You're not tied to anything after your purchase.
