please answer each of thequestion in a paragraph.

1. What does the phrase "double taxation" mean?

Do corporations pay income tax twice?

2. Efficiency or AssetManagementratios deal with how a firm manages its assets and whether these assets are at the appropriate level for its sales. Besides inventory turns and A/R turns what other ratios fall into this category and what do they?

4. Why is the primary objective of a corporation always valuemaximization? How does the company strike a balance with the other stakeholders?