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Exam (elaborations)

FIN 300 UKY Exam 1 with correct answers

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FIN 300 UKY Exam 1 with correct answers

Institution
FIN 300
Course
FIN 300

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FIN 300 UKY Exam 1 with correct answers
| | | | | || | |




Capital |Budgeting |- |VERIFIED |ANSWER✔✔-The |management |of |a |firm's |long |term |investments



Sole |Propietorship |- |VERIFIED |ANSWER✔✔-A |business |owned |by |a |solitary |individual |who |has |
unlimited |liability |for |its |debt



General |Partnership |- |VERIFIED |ANSWER✔✔-A |business |formed |by |two |or |more |individuals |who |each
|have |unlimited |liability |for |all |of |the |firm's |business |debt




Agency |Problem |- |VERIFIED |ANSWER✔✔-A |conflict |of |interest |between |the |corporate |shareholders |
and |the |corporate |managers



Stakeholder |- |VERIFIED |ANSWER✔✔-Any |person |or |entity |other |than |a |stockholder |or |creditor |who |
potentially |has |a |claim |on |the |cash |flows |of |a |firm



Controller |- |VERIFIED |ANSWER✔✔-



Treasurer |- |VERIFIED |ANSWER✔✔-



Capital |Budgeting |Decision |- |VERIFIED |ANSWER✔✔-



Capital |Structure |Decision |- |VERIFIED |ANSWER✔✔-



Accounts |included |in |Working |Capital |Management? |- |VERIFIED |ANSWER✔✔-Inventory, |Accounts |
Payable, |and |Accounts |Receivable



Advantages |of |a |Corporation? |- |VERIFIED |ANSWER✔✔-Limited |Liability |for |firm |debt, |Ability |to |raise |
capital, |and |Unlimited |firm |life



How |is |income |taxed |from |Sole |Proprietorships/Partnerships? |- |VERIFIED |ANSWER✔✔-As |Individual |
Income
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FIN 300
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  • fin 300 uky exam 1 with correct answers
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