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Unformatted text preview: 1-1 Solutions to DB 1 What are the three major forms of business organization? Sole proprietorship Partnership General Limited Corporation S-Corp Limited liability company What is the goal of financial management? o Maximize the market value of the existing owners’ equity What are agency problems, and why do they exist within a corporation? Conflict of Interest between principals and agents Management goals and agency cost 1-2...
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This note was uploaded on 11/17/2011 for the course ECONOMICS 103 taught by Professor Tohmass during the Spring '11 term at University of Houston-Victoria.
- Spring '11