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Test Bank For Intermediate Financial Management, 12th Edition

Strengthen your exam preparation with Test Bank For Intermediate Financial Management, 12th Edition, featuring a blend of theory, practical examples, and exam-focused exercises.

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CHAPTER1—ANOVERVIEWOFFINANCIALMANAGEMENTANDTHEFINANCIALENVIRONMENTCengageLearningTesting,PoweredbyCogneroPage11.Theformoforganizationforabusinessisnotanimportantissue,asthisdecisionhasverylittleeffectontheincomeandwealthofthefirm'sowners.a.Trueb.FalseANSWER:FalsePOINTS:1DIFFICULTY:Difficulty:EasyLEARNINGOBJECTIVES:INTE.GENE.16.1-LO:1-2NATIONALSTANDARDS:UnitedStates-BUSPROG:ReflectiveThinkingSTATESTANDARDS:UnitedStates-AK-DISC:Goalsofthefirm,roleof-DISC:Goalsofthefirm,roleoffinance,andanalysisofpublicinformationLOCALSTANDARDS:UnitedStates-OH-DefaultCity-TBATOPICS:FirmorganizationKEYWORDS:Bloom’s:Knowledge2.Themajoradvantageofaregularpartnershiporacorporationasaformofbusinessorganizationisthefactthatbothoffertheirownerslimitedliability,whereasproprietorshipsdonot.a.Trueb.FalseANSWER:FalsePOINTS:1DIFFICULTY:Difficulty:EasyLEARNINGOBJECTIVES:INTE.GENE.16.1-LO:1-2NATIONALSTANDARDS:UnitedStates-BUSPROG:ReflectiveThinkingSTATESTANDARDS:UnitedStates-AK-DISC:Goalsofthefirm,roleof-DISC:Goalsofthefirm,roleoffinance,andanalysisofpublicinformationLOCALSTANDARDS:UnitedStates-OH-DefaultCity-TBATOPICS:FirmorganizationKEYWORDS:Bloom’s:Knowledge3.Therearethreeprimarydisadvantagesofaregularpartnership:(1)unlimitedliability,(2)limitedlifeoftheorganization,and(3)difficultyoftransferringownership.Thesecombinetomakeitdifficultforpartnershipstoattractlargeamountsofcapitalandthustogrowtoaverylargesize.a.Trueb.FalseANSWER:TruePOINTS:1DIFFICULTY:Difficulty:EasyLEARNINGOBJECTIVES:INTE.GENE.16.1-LO:1-2NATIONALSTANDARDS:UnitedStates-BUSPROG:ReflectiveThinkingSTATESTANDARDS:UnitedStates-AK-DISC:Goalsofthefirm,roleof-DISC:Goalsofthefirm,roleoffinance,andanalysisofpublicinformationLOCALSTANDARDS:UnitedStates-OH-DefaultCity-TBATOPICS:Partnership

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Subject
Finance
Textbook
Intermediate Financial Management b...

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