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MGMT 310 Exam 1 questions well answered to pass
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MGMT 310 Exam 1 questions well answered to pass
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MGMT 310 Exam 1capital budgeting - correct answer ✔✔What long-term investments or projects should the business take
on?
capital structure - correct answer ✔✔How should we pay for our assets?
Should we use debt or equity?
working capital management - correct answer ✔✔How do we manage the day-to-day finances of the
firm? (short term investments, short-term assets, and short term liabilities)
liquidity costs - correct answer ✔✔reducing the selling price of the house to get it to sell
working capital - correct answer ✔✔any debt in less than a year is...
sole propietorship - correct answer ✔✔one shareholder and you can't sell yourself to anyone
advantages- easy to start, less regulated, you get all the profits, taxed once as personal income
disadvantages- bank can go over your personal wealth if you have any debts so UNLIMITED LIABILITY,
limited to life of owner, equity capital limited to owner's personal wealth, difficult to sell ownership
interest
Partnership - correct answer ✔✔a business owned by two or more people
advantages- more capital available, easy to start, income taxed once as personal income
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