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CHAPTER
1:

1)
Answer all four (4) Concept Questions on page 10.

What
is an “LLC”?

What
is the goal of an LLC?

2)
What is “Sarbox”?

What
is one of the requirements of Sarbox?

What
does it mean to “go dark”?

What
is an unintended, ironic consequence of Sarbox?

3)
What is the “Agency Problem”?

Does
it exist in all of the forms of business organizations? Why or why not?

4)
What is a Stakeholder?

Name
four possible stakeholders.

5)
What are some of the things that can be done with the Cash Flow that comes from
a

company?

6)
What is the difference between a Primary Market and a Secondary Market?

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