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HCM 416 FINANCE FINAL UNITS 1-3 EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED $10.49   Add to cart

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HCM 416 FINANCE FINAL UNITS 1-3 EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED

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HCM 416 FINANCE FINAL UNITS 1-3 EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED Accounting Concerns the measurement, in financial terms, of events that reflect the resources, operations, and financing of an organization. Financial Management provides the theory, concepts, and tool...

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  • November 10, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
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HCM 416 FINANCE FINAL UNITS 1-3 EXAM QUESTIONS AND

ANSWERS WITH COMPLETE SOLUTIONS VERIFIED


Accounting Concerns the

measurement, in financial terms, of events that reflect the resources, operations, and

financing of an organization.

Financial Management provides the

theory, concepts, and tools necessary to help managers make better financial

decisions.

The primary role of finance within businesses is to

plan for, acquire, and utilize resources to maximize the efficiency and value of the

organization.

Finance activities include

Planning and budgeting

Financial reporting

Capital investment decisions

Financing decisions

Working capital management

Contract management

Financial risk management

Four major categories of business organization

, Proprietorship

Partnership

Corporation

Hybrid forms

Proprietorships and Partnerships ADVANTAGES

Ease of formation

Subject to few regulations

No corporate income taxes

Proprietorships and Partnerships DISADVANTAGES

Limited life

Difficult to transfer ownership

Unlimited liability

Difficult to raise capital

Corporation ADVANTAGES

Unlimited life

Easy transfer of ownership

Limited liability

Ease of raising capital

Corporation DISADVANTAGES

Cost of formation and reporting

Double (or triple) taxation for investor-owned corporations

Limited Partnership (LP)

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