A.

Two or more individuals conducting business

B.

Designed for small corporations to avoid double taxation by flowing all of corporation s earnings directly to personal tax returns of owners

C.

Everything that can produce value including buildings, equipment, land, patents, inventories and cash

D.

Obligations/liabilities of the firm including accounts payable, bank loans and bonds

E.

Difference between value of assets and value of debt

F.

Cash moving into firm (inflow) or cash leaving firm (outflow); net cash flow difference between inflow and outflow

G.

Something designed to simplify problems to provide insights

H.

Relationship between shareholders and managers

I.

Resources utilized to align managerial goals with shareholder goals

J.

Sum of values of things owned

K.

Measurable happiness derived from consumption of a product

L.

Added utility from consumption of a product