12. Transactions of commercial papers commonly occurs in: A. Money markets B. Capital markets C. Primary markets D. Secondary markets E. None of above 13. What is the disadvantage of a general partnership compared to corporation? A. Double taxation B. Harder access to raising capital C. Limited liabilities D. Both A and C E. None of above 14. Which one of the following gives a corporation its permanence? A. Multiple owners B. Unlimited liability C. Corporation taxation D. Access to fixed income market E. None of above 15. Wealthy investors cannot invest in a mutual fund. A. True B. False 16. You can use quick ratio to measure firm's solvency. A. True B. False