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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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