Question
1. Which of the following statements is/are true? (i) LLCs are a hybrid of sole proprietorship and partnership (ii) Cash flow is a reliable measure
1. Which of the following statements is/are true?
(i) LLCs are a hybrid of sole proprietorship and partnership
(ii) Cash flow is a reliable measure of a firm's ability to pay off its debt.
A) i B) ii C) both i and ii
2. The separation of ownership and control in a corporation may lead to
A) Proxy fight problems B) Agency Problems C) Staekholder problems D)Creditor Probelms E) both A and B
3. Which of the following statements is/are true?
(i) Instituting poison pill provisions is an example of agency problems
(ii) Recently the Sarbanes-Oxley Act overturned the Gramm-leach-Bliley Act
A) i B) ii C) both i and ii
4. You deposit $1000 in a bank account at the end of each year (starting at the end of Year 1) for 9 years (hence 9 cash flows of $1000). You plan to withdraw the fund (all at once) at the end of Year 11 (t=11). How much will you have at the end of Year 11 (t=11) if the bank offers an interest rate of 6% (APR) over the period?
A) $12911.64 B) $11419.64 C) $11491.32 D) $11941.32 E) $12119.64
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