1) Identify the correct statement

A. Both primary markets and secondary markets are examples of private markets

B. A primary market is where securities are traded

C. The Toronto Stock Exchange is an example of a secondary market

D. The Initial Public Offering market is an example of a secondary market

2) Which of the following is not an advantage of a sole proprietorship?

A. Limited liability

B. Inexpensive to form

C. Income is subject to proprietor's personal income

D. Subject to few government regulations

3) Which is the following statements is true about a general partner?

A. A general partner is found in a corporation - also known as a shareholder

B. A general partner has limited liability, like a limited partner

C. A general partner takes care of the day to day functioning of the company

D. A general partner and a limited partner have equal control over the company

4) The difference between the total market value of the firm and the total amount of investor supplied capital is known as ___

A. market value added

B. net income

C. profit

D. economic value added