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FIN 515 Week 1 Problem Set Managerial Finance

FIN 515 Week 1 Problem Set Managerial Finance

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FIN 515 Week 1 Problem Set Managerial Finance

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FIN 515 Week 1 Problem Set Managerial Finance

Answer the following questions and solve the following problems in the space provided. When you are done, save the file in the format flastname_Week_1_Problem_Set.docx, where flastname is your first initial and you last name, and submit it to the appropriate dropbox.

Chapter 1 (page 19)

1. What is the most important difference between a corporation and all other organizational forms?

2. What does the phrase limited liability mean in a corporate context?

3. Which organizational forms give their owners limited liability?

4. What are the main advantages and disadvantages of organizing a firm as a corporation?

5. Explain the difference between an S corporation and a C corporation.

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