1. According to the book, Dr. Byers, and finance professors across the world, the overall goal of the firm should be: a. maximization of profits b. maximization of firm value c. maximization of consumer satisfaction d. maximization of sales Which of the following would occur if a firm eliminated its dividend payments? a. Net fixed assets would increase b. Retained earnings would increase c. The dividend payout ratio would increase d. Net income would increase e. None of the above would occur 3. Which of the following statements is most correct? One of the advantages of the corporate form of organization is that there is no double taxation. a. b. The partnership form of organization has easy transfer of ownership. c. One of the disadvantages of the sole proprietorship form of organization is that the is unlimited liability. d. Both b and c are correct. e. None of the answers above is correct. 4. A board of directors is elected as a representative of the corporation's: a. top management. b. stakeholders c. shareholders d. customers