Short answers: 2-4 sentences only.

why we have articles of partnership?

why the financial manager has to understand the cash flow of the business he/she works in? (hint: talk about quicker you get cash in, you can put it to use sooner---the manager needs to focus on collecting the cash sooner).

Difference between a dealer and broker.

what are junk bonds?

explain the type of business organization that provides the most control to the owner (hint: sole prop. explain why).

What is the difference between preferred and common stock?