Define each of the following terms: a. Proprietorship; partnership; corporation b. Limited partnership; limited liability partnership; professional
Question:
Define each of the following terms:
a. Proprietorship; partnership; corporation
b. Limited partnership; limited liability partnership; professional corporation
c. Stockholder wealth maximization
d. Money market; capital market; primary market; secondary market
e. Private markets; public markets; derivatives
f. Investment banker; financial services corporation; financial intermediary
g. Mutual fund; money market fund
h. Physical location exchanges; computer/telephone network
i. Open outcry auction; dealer market; electronic communications network (ECN)
j. Production opportunities; time preferences for consumption
k. Foreign trade deficit
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a Proprietorship A proprietorship is a type of business organization in which a single individual or a closely held group of individuals own and operate the business It is the simplest form of busines...View the full answer
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Related Book For 
Financial management theory and practice
ISBN: 978-1439078099
13th edition
Authors: Eugene F. Brigham and Michael C. Ehrhardt
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