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Finance Midterm Questions and Answers 2024 (A+)
Why is the corporate form of business organization considered to be more important than sole proprietorships or partnerships? - ANS-The importance of the corporate form of organization lies in its advantages: ease of transferring ownership, the owners' limited liability for business debts, and unlimited life of the business.
- Exam (elaborations)
- • 13 pages •
Why is the corporate form of business organization considered to be more important than sole proprietorships or partnerships? - ANS-The importance of the corporate form of organization lies in its advantages: ease of transferring ownership, the owners' limited liability for business debts, and unlimited life of the business.
Finance Midterm Pearson Questions and Answers 2024 (A+)
T/F: The fundamental goal of a business is to maximize the retained earnings available to the corporation's shareholders. - ANS-False
- Exam (elaborations)
- • 34 pages •
T/F: The fundamental goal of a business is to maximize the retained earnings available to the corporation's shareholders. - ANS-False