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Managing Financial Resources and Decision - Essay Example
Finance & Accounting
Pages 9 (2259 words)
Running Head: Managing Financial Resources Managing Financial Resources and Decision Name of of Subject of Professor 17 May 2012 1. Introduction This paper seeks to accomplish, from the point of view of the owner, the following: (i) to explore the sources of finance available to a business, (ii) to analyze the implications of finance as a resource within a business, and (iii) to analyze and evaluate financial performance of two business entities using given financial ratios and make recommendation as which of them should be chosen as an investment option…
Sole traders and general partners can have their separate properties answer for the liabilities of the business organization because of their unlimited liability when the business entities go wrong There is also anonymity, in the limited company as one can appoint nominee officers in said business organization. Such anonymity can be an advantage as to keep some sense of invincibility in some aspects as compared to revealing many possible weaknesses to those who are interested with the company. As compared with a partnership, many problems can be avoided in case of limited company. This would include defining who is in charge and who should own the business and in cases of resignation of a partner that could disrupt the business. ...
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