Quiz Ch_ 1 &2 - Question 2 Question , 3 Question

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Question : Profits of sole proprietorships are taxed at corporate tax rates.      2. Question : The higher the profit of a firm, the higher the value the firm is assured of receiving in the market.      3. Question : The formation of a Subchapter S corporation is a way to circumvent the double taxation of a small corporation.      4.
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Question : A major disadvantage of partnerships is that they have “double taxation” of profits.      5. Question : General partners have limited personal liability for business debts in a limited partnership.      6. Question : The sole proprietorship represents single-person ownership and offers the advantages of simplicity of decision making and  low organizational and operating costs.    7. Question : The Internet is largely responsible for the internationalization of the financial markets.
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     8. Question : Institutional investors have had increasing influence over corporations with their ability to vote large blocks of stock and  replace poor performing boards of directors.      9. Question : New issues are sold in the secondary market.      10. Question : Inflation has led to phantom profits and undervalued assets.
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   11.
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