Compound interest is best defined as the interest earned: Multiple Choice For the first year multiplied by the number of years in the investment period. On prior year's interest which was reinvested. On the initial investment for a stated number of periods. On both the interest reinvested from prior periods and the initial investment O For the first year multiplied by the number of years in the investment period. On prior year's interest which was reinvested. On the initial investment for a stated number of periods. On both the interest reinvested from prior periods and the initial investment. On a simple basis for multiple years. Which one of the following statements concerning a proprietorship is true? Multiple Choice Income from a proprietorship is taxed at a lower rate than other personal income O A proprietor is personally responsible for 100% of the firm's liabilities. A proprietorship can be a business jointly owned by two family members. Income from a proprietorship is taxed as a separate entity. O Income from a proprietorship is taxed at a lower rate than other personal income. O A proprietor is personally responsible for 100% of the firm's liabilities. O A proprietorship can be a business jointly owned by two family members. O Income from a proprietorship is taxed as a separate entity. O O A partial transfer of ownership is easier with a proprietorship than with a corporation NASDAQ is: Multiple Choice Both an OTC and an auction market. A market with far fewer listings than the NYSE. An electronic market trading solely in corporate and government bonds. The largest financial market in the U.S. in terms of the total value of listed stocks. An electronic market which has no physical location