Question: please answer 1,4 and 6 Section 1.2 What form of ownership is easiest to transfer? Section 1.3 What best describes the goal of financial management?

Section 1.2 What form of ownership is easiest to transfer? Section 1.3 What best describes the goal of financial management? Section 1.4 In a corporation, the primary agency conflict arises between which two parties? CONCEPTS REVIEW AND CRITICAL THINKING QUESTIONS 1. The Financial Management Decision Process [LO1] What are the three types of financial management decisions? For each type of decision, give an example of a business transaction that would be relevant. 2. Sole Proprietorships and Partnerships [LO3] What are the four primary disad- vantages of the sole proprietorship and partnership forms of business organization? What benefits are there to these types of business organization as opposed to the corporate form? 3. Corporations [LO3] What is the primary disadvantage of the corporate form of organization? Name at least two advantages of corporate organization. 4. Sarbanes-Oxley [L04] In response to the Sarbanes-Oxley Act, many small firms in the United States have opted to "go dark" and delist their stock. Why might a com- pany choose this route? What are the costs of "going dark"? Corporate Finance Organization [LOL] In a large corporation, what are the two distinct groups that report to the chief financial officer? Which group is the focus of corporate finance? PART 1 Overview of Corporate Finance 6. Goal of Financial Management (LO2] What goal should always motivate the ac- tions of a firm's financial manager? 7. Agency Problems (L04] Who owns a corporation? Describe the process whereby the owners control the firm's management. What is the main reason that an agency relationship exists in the corporate form of organization? In this context, what kinds
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