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Exam (elaborations)

HCAD760 Module 1 Exam Questions With Verified Answers.

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  • Course
  • HCAD 760
  • Institution
  • HCAD 760

HCAD760 Module 1 Exam Questions With Verified Answers. Accounting - answermeasurement in financial (dollar) terms of events that reflect the resources, operations, and financing of an organization Financial Management - answerprovides the theory, concepts, and tools necessary to help managers ...

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  • October 18, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • HCAD 760
  • HCAD 760
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sirjoel
©SIRJOEL EXAM SOLUTIONS
10/10/2024 11:44 AM



HCAD760 Module 1 Exam Questions With
Verified Answers.


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

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