| capital budgeting | The process of planning and managing a firm's long-term investments.
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| capital structure | The mixture of debt and equity maintained by a firm.
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| working capital | A firm's short-term assets and liabilities.
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| sole proprietorship | A business owned by a single individual.
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| partnership | A business formed by two or more individuals or entities.
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| corporation | A business created as a distinct legal entity composed of one or more individuals or entities.
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| agency problem | The possibility of conflict of interest between the stockholders and management of a firm.
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| stakeholder | Someone other than a stockholder or creditor who potentially has a claim on the cash flows of the firm.
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