BUSINESS FINANCE

ACTIVITY 1

NAME: VHETTY MAY C. POSADAS

YR & SEC: BSHM 2-A
DATE: March 13, 2022

ACTIVITY 1: Business Finance Terminologies

Directions: Write your answer on the space provided for each item.

Financial Intermediaries 1. It involves the management of financial resources available to the

organization.

Financial Managers 2. People who acquire necessary funds for the business and to ensure
they are used effectively.

Partnership 3. An association of two or more persons to operate a business as co-owners by

voluntary legal agreement.

Corporation 4. A legal entity whose assets and liability are separate from those of its owners.

Sole Proprietorship 5. A business owned by one person.

The by-laws 6. Laws describing how the corporation regulates its existence; how directors are
elected and their respective functions.

Limited Partnerships 7. Its ownership is limited to selected persons or members of a family.

Incorporation 8. It contains the corporation’s name, its intended life, business purpose, and
number of shares of stock.

Common Stock 9. It represents the basic issue of shares and has all the basic rights of a share.

Preferred Stock 10. is a class of stock with preference over common shares, including
distribution of dividends and corporate assets upon dissolution of the corporation.