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Chapter 1 - CHAPTER1 Management FormsofBusinesses...

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1-1   CHAPTER 1 Introduction to Financial  Management Forms of Businesses Goals of the Corporation Stock Prices and Intrinsic Value Some Recent Trends Conflicts Between Managers and  Shareholders
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  1-2 Alternative Forms of Business  Organization Proprietorship Partnership Corporation
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  1-3 Proprietorships & Partnerships Advantages Ease of formation Subject to few regulations No corporate income taxes Disadvantages Difficult to raise capital Unlimited liability Limited life
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  1-4 Corporation Advantages Unlimited life Easy transfer of ownership Limited liability Ease of raising capital Disadvantages Double taxation Cost of set-up and report filing
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  1-5 Financial Goals of the  Corporation The primary financial goal is  shareholder wealth maximization,  which translates to maximizing stock  price.
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