1. Briefly discuss why the people who make financial decisions must focus on incremental cash flows when evaluating new projects and not accounting profit
2. b. List the three main forms of business organization, describe their advantages and disadvantages. Explain why large and growing firms tend to choose the corporate form.
3. Briefly discuss the incentives for financial managers to conduct their business in an ethical manner.

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a The people who make financial decisions must focus on incremental cash flows when evaluating new projects and not accounting profit because accounti... View the full answer