Finance Management Overview Essay examples - 1186 Words

CHAPTER 1 AN OVERVIEW OF FINANCIAL MANAGEMENT Forms of business organization Answer: c [i]. Which of the following could explain why a business might choose to organize as a corporation rather than as a sole proprietorship or a partnership? a. Corporations generally face fewer regulations. b. Corporations generally face lower taxes. c. Corporations generally find it easier to raise capital. d. Corporations enjoy unlimited liability. e. Statements c and d are correct. Firm organization Answer: a [ii]. Which of the following statements is most correct? a. One advantage of forming a corporation is that you have limited liability. b. Corporations face fewer regulations than†¦show more content†¦Corporations and partnerships have an advantage over proprietorships because a sole proprietor is subject to unlimited liability, but investors in the other types of businesses are not. e. Firms in highly competitive industries find it easier to exercise â€Å"social responsibility† than do firms in oligopolistic industries. Miscellaneous concepts Answer: e [x]. Which of the following statements is most correct? a. One advantage of organizing your business as a corporation is that your shareholders are not subject to limited liability. b. Restrictive covenants in debt agreements are an effective way to reduce agency conflicts between stockholders and managers. c. Managers generally welcome hostile takeovers since they often increase the company’s stock price. d. Statements a and b are correct. e. None of the answers above is correct. Partnership form Answer: d [xi]. Which of the following statements is most correct? a. In a partnership, liability for other partners’ misdeeds is limited to the amount a particular partner has invested in the business. b. Partnerships must be formed according to specific rules that include the filing of a formal written agreement with state authorities where the partnership does business. c. A fast-growth company would be more likely to set up a partnership for its business organization than would a slow-growth company. d. Partnerships haveShow MoreRelatedIntroduction of Finance Industry1451 Words   |  6 PagesCommercial Banking: Overview Commercial banks are in the business of providing banking services to individuals, small businesses and large organizations. While the banking sector has been consolidating, it is worth noting that far more people are employed in the commercial banking sector than any other part of the financial services industry. Jobs in banking can be exciting and offer excellent opportunities to learn about business, interact with people and build up a clientele. Today sRead MoreDeveloping Process Of A Business Plan And Entrepreneurial Finance953 Words   |  4 Pagestopics of SMEs: the developing process of a business plan and entrepreneurial finance, which is a key aspect for SMEs to operate successfully. Personal experiences and group behavior are blended into theoretical approaches to critically evaluate various financial aspects. Christopher Johns’ Model of Reflection is adopted in financial part of this essay where individual reflection is portrayed. Figure 1 provides an overview of this model as five cue elements: description; reflection; influencing factors;Read MoreEnterprise Resource Planning ( Erp )1420 Words   |  6 Pages The introduction of ERP and SAP Guojun Xia (304463099) 1. ERP Overview Enterprise Resource Planning (ERP) software items are business application, bundled software. They are utilized to run vast to medium-sized business ventures. 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