DEVRY FIN 515 Week 1 Problem Set
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FIN 515 Week 1 Problem Set 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 . Chapter 2