MHA 706 FINANCIAL MANAGEMENT MIDTERM EXAM | QUESTIONS AND CORRECT ANSWERS | LATEST UPDATE | 100% PASS

MHA 706 FINANCIAL MANAGEMENT MIDTERM EXAM | QUESTIONS AND CORRECT ANSWERS | LATEST UPDATE | 100% PASS

Question : Proprietorships & Partnerships: Pros & Cons
CORRECT ANSWER: Pros: Ease of Information,
Subject to a few regulations, no corporation income
taxes.Cons: Limited life, difficult to transfer, unlimited
life, difficult to raise capital.
Question : Corporations: Pros & Cons
CORRECT ANSWER: Pros: Unlimited life, easy
transfer of ownership, limited liability, ease of raising
capital.Cons: Cost of formation and reporting, double or
triple taxes must be paid.
Question : Non-profit Organization
CORRECT ANSWER: Exempt from taxes. Goal is to
improve community.

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