FIN 300 Exam 1 comprehensive questions and
verified answers ACTUAL EXAM 2025 TEST!!
Graded A+ | 2025|2026 EXAM UPDATE
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Practice questions for this set
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Terms in this set (36)
Investments Financial assets such as stocks and bonds
-Banks (commercial and investment), credit unions,
savings and loans
Financial Institutions -Insurance companies
-Brokerage firms
-Mutual funds/Hedge funds
-Managing the firm's short/long-term investments
Corporate Finance -Financing the firm's growth
-Returning capital to stakeholders
, 1.) Sole Proprietorship
2.) Partnership
Forms of Business
--General
Organization
--Limited
3.) Corporation
Definition: business owned by one person
-ADVANTAGES:
1.) Easiest to start
2.) Least regulated
3.) Single owner keeps all of the profits
4.) Taxed once as personal income
Sole Proprietorship
-DISADVANTAGES:
1.) Limited to life of owner
2.) Equity capital limited to owner's personal wealth
3.) Unlimited liability
4.) Difficult to sell ownership interest
Definition: business owned by two or more persons
-ADVANTAGES:
1.) Two or more owners
2.) More capital available
3.) Relatively east to start
4.) Income taxed once as personal income
Partnership
-DISADVANTAGES:
1.) Unlimited liability
--General partnership
--Limited partnership
2.) Partnership dissolves when one partner dies or
wishes to sell
3.) Difficult to transfer ownership
verified answers ACTUAL EXAM 2025 TEST!!
Graded A+ | 2025|2026 EXAM UPDATE
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Terms in this set (36)
Investments Financial assets such as stocks and bonds
-Banks (commercial and investment), credit unions,
savings and loans
Financial Institutions -Insurance companies
-Brokerage firms
-Mutual funds/Hedge funds
-Managing the firm's short/long-term investments
Corporate Finance -Financing the firm's growth
-Returning capital to stakeholders
, 1.) Sole Proprietorship
2.) Partnership
Forms of Business
--General
Organization
--Limited
3.) Corporation
Definition: business owned by one person
-ADVANTAGES:
1.) Easiest to start
2.) Least regulated
3.) Single owner keeps all of the profits
4.) Taxed once as personal income
Sole Proprietorship
-DISADVANTAGES:
1.) Limited to life of owner
2.) Equity capital limited to owner's personal wealth
3.) Unlimited liability
4.) Difficult to sell ownership interest
Definition: business owned by two or more persons
-ADVANTAGES:
1.) Two or more owners
2.) More capital available
3.) Relatively east to start
4.) Income taxed once as personal income
Partnership
-DISADVANTAGES:
1.) Unlimited liability
--General partnership
--Limited partnership
2.) Partnership dissolves when one partner dies or
wishes to sell
3.) Difficult to transfer ownership
