questions 3 & 4

S corporation 10 restructuring 18 DISCUSSION QUESTIONS 1. How did the recession of 2007-2009 compare with other recessions since the Great Depression in terms of length? (LO1-3) What effect did the recession of 2007-2009 have on government regulation? (LO1-3) What advantages does a sole proprietorship offer? What is a major drawback of this type of organization? (LO1-2) What form of partnership allows some of the investors to limit their liability? Explain briefly. (LO1-2) In a corporation, what group has the ultinate responsibility for protecting and managing the stockholders' ivrs L01-2) 2. 3. 4. 5. 6. What document is necessary to foun corporation? (LO 7. What issue does agency theory examine? Why is it important in a public -2) corporation rather than in a private corporation? (LO1-4) Why are institutional investors important in today's business world? (LO1-4) Why is profit maximization, by itself, an inappropriate goal? What is meant by the goal of maximization of shareholder wealth? (LO1-4) When does insider trading occur? What government agency is responsible for 8. 9. 10