1) The ultimate financial goal of a corporation is to maximize: A) value and its growth. B) current profits. C) market share. D) current dividends. E) none of the above

2) One of the financial goals of a sole proprietorship? A) Minimize the market value of the equity B) Maximize the reliance on fixed costs C) Minimize net income given the current resources of the firm D) Maximize the tax impact on the proprietor E) Minimize long-term debt to optimal levels to reduce the risk to the owner

3) The Sarbanes-Oxley Act, which was enacted in 2002, has: A) increased the number of U.S. firms going public on foreign exchanges. B) increased senior management's involvement in the corporate annual report. C) increased the annual compliance costs of all publicly traded firms in the U.S. D) all of the above. E) none of the above.