13.)What are the advantages and disadvantages of being a privately held firm, a closely held firm, or a publicly
held firm? Which types of companies will choose each of those options?
13.)Explain the relative advantages and disadvantages of the use of an IPO or venture capital to expand a small business. If you were a small business owner, which would you choose and why?
13.) Describe the various responsibilities that financial managers may have. What types of skills or training would help a financial manager in the course of their duties?
13.) What are the three risks that banks must compensate for when they loan money to borrowers? How do banks compensate for these three risks?