1-3 What does it mean to maximize the value of a corporation?

1-4 In general terms, how is value measured? What three factors determine value?

How does each factor affect value? 1-5 What is the difference between stock price maximization and profit maximization?

Under what conditions might profit maximization not lead to stock price maximization?

Describe the four general areas included in the study of finance. Why is it important for a person who works in the financial markets to understand the responsibilities of a person who works in managerial finance?

Describe the major differences among the three primary forms of business organization (a proprietorship, a partnership, and a corporation).