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Exam (elaborations)

"BUSI 408 Chapter 1 Study Guide – Key Concepts, Notes & Exam Prep"

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"Ace BUSI 408 Chapter 1 with this comprehensive study guide! Includes detailed notes, key concepts, and exam prep tips for quick and effective learning."

Institution
BUSI 408
Course
BUSI 408








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Institution
BUSI 408
Course
BUSI 408

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Uploaded on
December 17, 2025
Number of pages
4
Written in
2025/2026
Type
Exam (elaborations)
Contains
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Limited liability, unlimited life, separation of management and ownership, tr
Advantages of a corporation
of ownership is easy, easy to raise cap

Advantages of Partnership Two or more owners, more cap, easy to start, income taxed as personal

Easy to start, least regulation, single owner keeps profit, taxed as personal
Advantages of SP
income.

Agency costs Costs incurred due to management and shareholder conflict.

1. International finance
2. Corporate finance
Areas of finance 3. Personal finance
4. Investments
5. Fintech

One of the simplest types of businesses to form, life tied to owner, owner
Aspects of a sole proprietorship
completely liable

What long-term investments to take on? Where to get long-term financing?
Business Finance
How to manage everyday finances?

Evaluation of the size, timing, and risk of future cash flows to determine how
Capital budgeting
invest.
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