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1. Define the goal of the firm from a finance perspective and relate this to the "stakeholder" approach.

2. Relate the importance of economics and accounting to finance.

3. Define progressive taxes and why it is particularly important to the corporate form of business.

4. Contrast the information provided in the balance sheet and income statement.

5. Critique the benefits and drawbacks of proprietorships and partnerships as a form of business organization.

 

Basic Finance, Finance

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