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Chapter 1 - Chapter 1 Introduction to Financial Management...

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Introduction to Financial  Management Chapter 1 Forms of Business Organization Stock Prices and Shareholder Value Intrinsic Values, Stock Prices, and  Executive Compensation Important Business Trends Conflicts Between Managers,  Stockholders, and Bondholders 1-1
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Finance Within the Organization 1-2
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Forms of Business Organization Proprietorship Partnership Corporation 1-3
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Proprietorships and Partnerships Advantages Ease of formation Subject to few regulations No corporate income taxes Disadvantages Difficult to raise capital Unlimited liability Limited life 1-4
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Corporation Advantages Unlimited life Easy transfer of ownership Limited liability Ease of raising capital Disadvantages Double taxation Cost of set-up and report filing 1-5
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Stock Prices and Shareholder  Value The primary financial goal of management is 
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