{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

BFIN - Q2 ,andthepurposeof

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Q2 What is the purpose of financial management?  Financial management is the process for and the analysis of making financial decisions in the business context, and the purpose of  financial management is to look at firms decisions in acquiring and utilizing cash received from investors or from retained earnings. Describe the kinds of activities that financial management involves? The activities that financial management involves are decisions about, how to organize the firm in a manner that will attract capital,  how should capital be raised, which projects to fund, how much capital to retain in the firm for ongoing operations and new projects,  how to minimize taxation, and how to go about paying back capital providers. Q5 What are the three basic forms of business ownership? The three basic forms of business ownership include Sole Proprietorships, the most common type of business in the United States,  and it is any unincorporated business owned by a single individual; Partnership, which is an organizational form that features  multiple individual owners; and Corporations, which are legally independent entities entirely separate from their owners.
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern