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1. Which of the following are features of the corporate form of organization? (check all that apply) Limited liability Unlimited liability Double taxation Infinite life

1. Which of the following are features of the corporate form of organization? (check all that apply)

Limited liability

Unlimited liability

Double taxation

Infinite life

Finite life

2.

Which of the following is the proper goal of the firm?

Maximize revenue

Maximize earnings per share (EPS)

Maximize net income

Maximize the value of shares

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