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Question 1 Which of the following is a question answered using finance? What role does brand image play in the CEO's decision on establishing subsidiaries? How many different types of products should be introduced to the same consumer group at a given point in time? What products will appeal best to mothers in the county? What long term investments should a firm undertake? Question 2 Which of the following is true? Partnerships are subject to double taxation Sole proprietors are subject to double taxation Owners of publicly traded corporations have unlimited liability. Owners of sole proprietorships assume unlimited liability. Question 3 Which of the following is true? Capital budgeting determines what long-term investments or projects the firm should undertake. The firm's top financial manager is the chief executive officer (CEO). Working capital management determines what long-term investments or projects the firm should take on. Capital structure determines how the firm handles everyday financial operations