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6 One of the significant disadvantages of the corporate form of organization is a. Sarbanes-Oxley b. no secondary market c. unlimited liability d double taxation e international exposure 7 $1,000 deposited in an account that earns 3% for seven years, compounded annually a. 1,821.55 b. 1,716.35 This question is from Chapter 5 C. 1,503.63 Basic Time Value of Money - Solve for Future Value Future Value 1,407.10 e 1,237.53 These TVM questions get more diffult as we go.... 8 In the corporate leadership structure, this group is elected by the firm's stockholders a. executive management b. creditors C. managers and directors d board of directors e internal auditors 9 With this type of accounting and financial reporting system, revenues are recorded when earned and realized, and expenses are matched to those revenues a. the American basis b. the international basis c. cash basis d accrual basis e bond holder basis 10 The Chairperson of the Federal Reserve Bank who served before Jerome Powell is a. Jerome Powell b. Hank Paulson c. Jack Lew d Steve Mnuchin e Janet Yellen