Unformatted text preview: year, whereas futures markets transactions involve securities with maturities greater than one year. 4. Which of the following statements is CORRECT? d. Corporations and partnerships have an advantage over proprietorships because a sole proprietor is exposed to unlimited liability, but the liability of all investors in the other types of businesses is more limited. 5. Which of the following statements is NOT CORRECT? b. “Going public” establishes a firm's true intrinsic value, and it also insures that a highly liquid market will always exist for the firm’s shares....
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- Spring '08
- Business Law, Types of companies, Legal entities, following statements, Lachele Hardic