2. What is a corporation?
3. What is a PJSC?
4. What is a sole proprietorship?
5. What is a limited partnership?
6. Based on expected agency costs, rank limited partnerships, corporations, and sole proprietorships from lowest to highest agency costs and explain why the ordering is valid.
7. Is the goal of a firm to maximize stakeholders wealth?
8. Which of the following should a financial manager consider when analyzing a capital budgeting project? project start-up costs, timing of all projected cash flows, dependability of future cash flows, and/or dollar amount of each projected cash flow
9. Provide two examples of ways in which manager's goals can differ from those of shareholders.
10. Compare and contrast the NYSE with NASDAQ.
11. Define the inside bid-ask spread.
12. Describe the limit order book (e.g. the ADX limit order book we viewed online.)
13. List and briefly describe the three general areas of responsibility for a financial manager.
14. List the reasons for retaining cash.
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