Financial Administration -part 2-
Financial managers make decisions about the assets to be acquired by their companies, how they are financed and how the organization should manage to achieve the maximization of corporate value in the market and the general welfare.
3 Alternative forms of business organization
1) .- Natural persons is a business run by one owner, it is easily and cheaply, has many governmental restrictions and subject to the payment of income tax. It is limited by being unable to obtain large sums of capital, has unlimited liability for business debts and risks, and their business is limited to the longevity of the individual. Continue reading