7. Which of the following IS NOT an advantage of the corporate organizational form (compared to a sole proprietorship or partnership)?

1.Less regulation and disclosure necessary

2.Greater access to capital by issuing/selling shares

3.Limited liability of owners

4.Ownership is easy to transfer

4. Which of the following best satisfies the criteria for a liquid investment?

a. It can be turned into cash by selling after one month b. It can be sold immediately at an optimal price to the seller c. It can be sold immediately at market prices

d. It can be sold at an optimal price to the seller