Answer the following questions in 2-3 paragraphs each question
- Difference between Accounting and Finance: After reviewing the key differences between accounting and finance, which aspects of each discipline do you think are most important for managing a small business? Explain your reasoning with examples.
- Accounting as a Subset of Finance: Some argue that accounting is a subset of finance, while others believe both are subdisciplines of economics. Based on your understanding, which argument do you agree with more and why?
- Business Organization Types and Finance: How do financial factors influence the choice of a business organization (e.g., sole proprietorship, partnership, corporation)? Discuss which organization type might be most beneficial from a financial perspective.
- Financial Decision-Making in Small Businesses: Small businesses often need to make critical decisions about acquiring funds. What do you think are the biggest challenges small businesses face when deciding between debt and equity financing?
APA Format
No AI
Source: textbook attached (chapter 10, pg. 520)
Due: 3/26
