FIN 432
Old Dominion University
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FIN 432Ch 01 - Overview of financial management
- Summary • 7 pages • 2022
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The basic concepts of financial management are the same for all businesses, 
regardless of how they are organized. However, a firm's legal structure affects its 
operations. The main forms of business organizations are: (1) proprietorships, (2) 
partnerships, (3) corporations, and (4) limited liability companies (LLCs) and limited 
liability partnerships (LLPs). In terms of numbers, most businesses are 
. However, based on the dollar 
value of sales, most business is done by 
. Businesses are f...
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