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8 Cards in this Set
- Front
- Back
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Capital budgeting |
The process of planning and managing a firm's long-term investments |
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Capital structure |
The mixture of debt and equity maintained by a firm |
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Working capital |
A firm's short term assets and liabilities |
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Sole proprietorship |
A business owned by a single individual |
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Partnership |
A business formed by two or more individuals or entities |
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Corporation |
A business created as a distinct legal entity composed of one or more individuals or entities |
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Agency problems |
The possibility of conflict of interest between the stockholders and management of a firm |
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Stakeholder |
Someone other than a stockholder or creditor who potentially had a claim on the cash flows of the firm |
