Tim has been promoted and is now in charge of all fixed asset purchases. In other words, Tim is in charge of: capital structure management asset allocation risk management. capital budgeting. working capital management Stadford, Inc, is financed with 40 percent debt and 60 percent equity. This mixture of debt and equity is referred to as the firm's: capital structure. capital budget asset allocation. working capital. risk structure. The daily financial operations of a firm are primarily controlled by managing the: total debt level. working capital. capital structure. capital budget. long-term liabilities. A sole proprietorship: provides limited liability for its owner involves significant legal costs during the formation process. has an unlimited life. has its profits taxed as personal income. can generally raise significant capital from non-owner sources. Which one of the following forms of business organization oilers liability protection to some of its owners but not to all of its owners? Sole proprietorship General partnership Limited partnership Limited liability company Corporation Which one of the following statements correctly applies to a sole proprietorship? The business entity has an unlimited life. The ownership can easily be transferred to another individual. The owner enjoys limited liability for the firm's debts. Debt financing is easy to arrange in the firm's name. Obtaining additional equity is dependent on the owner's personal finances