7. 8. 9. 10. 11. 6. True or False: 1. 5. 2. 3. 4, The Dodd-Frank Act contains the Volcker Rule, which encourages financial institutions to allow for more speculative investments for average investors. Multiple Choice: CHAPTER 1 Under the 2017 Tax Cuts and Jobs Act, the most significant change is that the corporate tax rate goes from 35 percent to 21 percent, which puts U.S. Companies on competitive footing with many other countries. True or False: Profits of sole proprietorships are taxed at corporate tax rates. One advantage of the corporate form of organization is that income received by stockholders is not taxable since the corporation already paid taxes on the income distributed, all problem calculations! B) Management C) Investors D) The financial market Who is accountable for social responsibility within a firm? A) The board of directors Regarding risk levels, financial managers should A) pursue higher-risk projects because they increase value. B) avoid higher-risk projects because they destroy value. b