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L. Baslc Concepts Aa Aa Match the terms relating to the basic terminology and concepts of corporate finance on the left with the descriptions of the terms on the right. Read each description carefully and type the letter of the description in the Answer column next to the correct term. These are not necessarily complete definitions, but there is only one possible answer for each term Term Answer Description This is the worth of a good or service as established by the discounted and current value of the item's cash flows Finance A. This tax situation currently applies to corporations and their owners but not to sole proprietorships, partnerships, or their owners This business organization is owned by shareholders and managed by professional managers This collection of principles, practices, and procedures is used to influence the behavior of employees toward the firm's stakeholders It addresses how financial resources are obtained, allocated, and managed by a person, a business organization, or a governmental entity This attribute of the corporate form of organization limits an owner's potential losses to the purchase price of the owner's shares. This partner is not allowed to participate in the day-to-day management of the partnership This goal of financial management is measured by the effect of a decision or an action on the price of the firm's common stock This position and title is held by the individual responsible for planning and managing how the firm is financed, when its funds are raised, and how its risks are managed This term describes individuals and groups, both internal and external to the company, whose support is critical to the success of the organization Corporation B. Treasurer C. Limited liability D. Business ethics E. Limited partner F. Double taxation of G. dividends Shareholder wealth maximization H. Stakeholder I. Value J. The chief financial officer in a company is responsible for which of the following departments? Check all that apply Capital budgeting Investor relations Accounting Treasury