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Which author argues that firms should actively seek shareholders' preferences and values, and act consistently with those?
| | | Edward Freeman |
| | | Milton Friedman |
| | | Oliver Hart |
| | | Lynn Stout |
In which type of decision do financial managers conduct a rigorous analysis of the size, timing and risk of future cash flows?
| | | Working capital management |
| | | Capital structure |
| | | Capital budgeting |
| | | Risk management |
Which of the following is a disadvantage of a partnership (as a business structure)?
| | | Difficult to transfer ownership |
| | | Relatively easy to start |
| | | Losses can offset other income |
| | | Can have limited partners with limited liability |
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