Chapter 1 Web Quiz

Chapter 1 Web Quiz - Quiz: Brigham/Houston: Fundamentals of...

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Summary of Results Required field Web Quiz Assignment Name: Brigham/Houston: Fundamentals of Financial Management, 12e, Chapter 1 Total Possible: 12.0 Time Spent: 00:00:41 / 01:00:00 correct 12.00 100.00% To email the results to your instructor(s), complete this form: E-mail results to: Additional message: Your first name: Your last name: Your email address: 1 Most large businesses go through "life cycles," beginning as corporations, then converting to partnerships, and finally ending up as sole proprietorships, where one individual owns the entire firm. True or false? True False status: correct (1.0) correct: false your answer: false feedback: Correct. 2 All large, publicly-owned corporations are "C Corporations," and they must pay corporate income taxes. Their after-tax income is taxed again when it is passed on to investors in the form of dividends, and this is called "double taxation." However, double taxation can be avoided provided a firm is small enough and has 75 or fewer stockholders, as it can then qualify as an S Corporation. As a result, most small corporations are S rather than C Corporations. True or false? True False status: correct (1.0) correct: true your answer: true feedback: Correct. 3 For a publicly owned firm like GE, management's primary goal should be to maximize the wealth of its stockholders, which means maximizing the long-run value of the stock. True or false?
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Chapter 1 Web Quiz - Quiz: Brigham/Houston: Fundamentals of...

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