Fin 3404 exam one - Study guides, Class notes & Summaries

FIN 3404 Exam one with Correct Answers 2023/2024 What are the three forms of business organization? - ANSWER-Sole proprietorship, Partnership, and Corporation Which business organization is unique as described in lectures? - ANSWER-Corporation 1. Ease of start-up 2. Single taxation - ANSWER-Advantages of Sole Proprietorship and Partnership 1. Limited life (partnership limits) 2. Hard to transfer ownership 3. limited capital (most significant) 4. unlimited liability - ANSWER-Di...