Increasing globalization has simplified the Finance function, particularly due to the use of multiple

world currencies.

In Finance, the focus when making financial decisions is typically on the accrual method of

accounting.

"Stakeholders" include all groups of individuals who have a direct economic link to the firm.

Whenever a manager owns less than $100\%$ of the corporation's stock, a potential agency

problem exists.

The great majority of all firms in the United States are organized as corporations.

"Shareholders' Equity" listed on a corporation's Balance Sheet represents the amount that the

firm has borrowed and must repay.