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Fin 300 Exam 1 Correct answers latest update
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Fin 300 Exam 1 Correct answers latest update
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Fin 300 Exam 1 Investments - ANS>Financial assets such as stocks and bonds Financial Institutions - ANS> -Banks (commercial and investment), credit unions, savings and loans -Insurance companies -Brokerage firms -Mutual funds/Hedge funds Corporate Finance - ANS> -Managing the firm's short/long -term investments -Financing the firm's growth -Returning capital to stakeholders Forms of Business Organization - ANS>1.) Sole Proprietorship 2.) Partnership --General --Limited 3.) Corporation Sole Proprietorship - ANS>Definition: business owned by one person -ADVANTAGES: 1.) Easiest to start 2.) Least regulated 3.) Single owner keeps all of the profits 4.) Taxed once as personal income -DISADVANTAGES: 1.) Limited to life of owner 2.) Equity capital limited to owner's personal wealth 3.) Unlimited liability 4.) Difficult to sell ownership interest Partnership - ANS>Definition: business owned by two or more persons -ADVANTAGES: 1.) Two or more owners 2.) More capital available 3.) Relatively east to start 4.) Income taxed once as personal income -DISADVANTAGES: 1.) Unlimited liability --General partnership --Limited partnershipThe benefits of buying summaries with Stuvia:
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