1.The partnership firm possesses the following property:

A) The firm has professional managers, such as the CEO and the CFO

B) The firm owners can bear liability of the firm

C) The firm has to pay corporate income tax

D) There could be only one owner who set up the partnership firm in China

2. Financial Management refers to the decisions of a firm, including:

A) Payout decisions

B) Discounting decisions

C) Financing decisions

D) Asset pricing