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HCAD760 Module 1 Exam Questions with Complete Solutions Graded A+ $13.49   Add to cart

Exam (elaborations)

HCAD760 Module 1 Exam Questions with Complete Solutions Graded A+

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  • Course
  • LSUS MHA 706
  • Institution
  • LSUS MHA 706

Accounting - Answer: measurement in financial (dollar) terms of events that reflect the resources, operations, and financing of an organization Financial Management - Answer: provides the theory, concepts, and tools necessary to help managers make better financial decisions Characteristics ...

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  • August 12, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • LSUS MHA 706
  • LSUS MHA 706
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HCAD760 Module 1
Exam Questions
with Complete
Solutions Graded
A+
Denning [Date] [Course title]

, Accounting - Answer: measurement in financial (dollar) terms of events that reflect the resources,
operations, and financing of an organization



Financial Management - Answer: provides the theory, concepts, and tools necessary to help managers
make better financial decisions



Characteristics of a business - Answer: • Obtains financing from marketplace

• Uses funds to buy assets

• Operates the assets to provide goods or services

Sells the goods or services to create revenue



4 Cs of finance - Answer: 1) Cost minimization 2) Cash sufficiency 3) Capital access 4) Control of financial
resources



Proprietorship - Answer: business owned by a single individual



Partnership - Answer: a business owned by two or more people



Corporation - Answer: Legal business directly separate from owners or management.



Advantages of Proprietorship & Partnership - Answer: ease of formation, few regulations, no corp.
income taxes



Disadvantages of Proprietorship & Partnership - Answer: limited life, difficult to transfer ownership,
unlimited liability



Advantages & Disadvantages of Corporations - Answer: Advantages: unlimited life, easy transfer of
ownership, limited liability, ease of raising capital

Disadvantages: Cost of formation and reporting, double taxation for investor-owned corporations



Hybrid forms of Organization - Answer: Limited liability partnership, limited liability corporation

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