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CFIN CERTIFICATION EVALUATION EXAMS SET FULL QUESTIONS AND COMPLETE SOLUTION

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CFIN CERTIFICATION EVALUATION EXAMS SET FULL QUESTIONS AND COMPLETE SOLUTION

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CFIN CERTIFICATION EVALUATION EXAMS
SET FULL QUESTIONS AND COMPLETE
SOLUTION

●● Sole Proprietorship
Answer: Business owned by one person with unlimited liability


●● Partnership
Answer: Business owned by two or more people


●● Corporation
Answer: Separate legal entity from owners


●● LLC (Limited Liability Company)
Answer: Flexible structure with limited liability protection


●● LLP (Limited Liability Partnership)
Answer: Partnership with liability protection


●● Limited Liability
Answer: Owners only lose invested money

, ●● Unlimited Liability
Answer: Owners personally responsible for debts


●● Double Taxation
Answer: Corporate earnings taxed twice


●● Agency Problem
Answer: Managers acting in self-interest over shareholders


●● Corporate Governance
Answer: Systems controlling management behavior


●● Board of Directors
Answer: Group overseeing management for shareholders


●● Financial Markets
Answer: Systems moving money from savers to borrowers


●● Surplus Units
Answer: Groups with extra money to invest

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