The line that connects the maximum that one can consume this year (now) and the maximum one can consume next year

Corporations, potentially, have infinite life because

Conflicts of interest between shareholders and managers of a firm result in:

The controller is usually responsible for the following functions of a corporation : exceptI) Preparation of financial statements; II) Internal accounting; III) Cash management; IV) Taxes

This book is mainly about

Generally, a corporation is owned by the: I) Managers; II) Board of Directors; III) Shareholders

The treasurer usually oversees the following functions of a corporation except: I) Preparation of financial statements; II) Investor relationships; III) Cash management; IV) raising new capital

The following are important functions of financial markets: I) Source of financing; II) Provide liquidity; III) Reduce risk; IV) Source of information

The following are examples of real assets: I) Machinery; II) Office buildings; III) Warehouse; IV) Common stock

The financial goal of a corporation is to:

Finance, generally, deals with: I) Money; II) Markets; III) People

The following are examples of foreign-based corporations except: I) British Petroleum; II) General Electric; III) Sony; IV) Volkswagen

As a legal entity a corporation can perform the following functions except: I) borrow money; II) lend money; III) sue and be sued; IV) vote

The following are examples of tangible assets except:

A firm's investment decision is also called the:

The following are examples of financial assets except: