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Department
Business Administration
Course
BUS 320
Professor
Amir Azaran
Semester
Summer

Description
Chapter 1 some answers of critical questions2 Disadvantagea Unlimited liabilityb Limited lifec Difficulty in transferring ownershipd Hard to raise capital fundsAdvantageaSimpler less regulationsbControl owners are also managerscPersonal tax rates are better than corporate tax rates6 In the corporations shareholders are the owners of the firm Shareholders elect the directors of the corporation who in turn hire the firms management The separation of ownership from control in the corporate form of the organization is what causes agency problem Management may act in its ownsomeone elses interest rather than those of shareholders If such things occur they may contradict the goals of maximizing the share price of the equity of the firm9 Nonprofit organizations frequently pursue socialpolitical missions So many different goals are attainable One goal is minimizat
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