The primary goal of a publicly-owned firm (corporation) should be to Maximize expected total corporate profit. Maximize expected earnings per share. Maximize the market value of the common stock Maximize the market value of the preferred stock. Maximize the expected net income Which of the following categories of owners have unlimited liability? General partners Sole proprietors Shareholders of a corporation Both a and b a, b and c are all correct. Which of the following factors limits the growth of sole proprietorships? Inability to raise large sums of capital. Government regulation. Limited liability of the sole proprietor. Double taxation of business profits. Inability to transfer company ownership. Which of the following statements is true? One of the benefits of incorporating your business is that you become entitled to receive unlimited Sole Proprietorships are subject to less regulations than to corporations. Sole Proprietorships have to pay corporate tax. Corporations need to pay corporate tax and shareholders need to pay extra tax (personal income tax Both b and d. Which of the following is an advantage of ownership of a corporation compared to that of a sole The owners of the corporation have unlimited liability for the firm's debts. The owners of the corporation have limited liability for the firm's debts. The owners of the corporation have unlimited liability for the firm's debts. Dividends received by the corporation's shareholders are tax-exempt. It is difficult to transfer ownership in a corporation. Which of the following statements is most correct? One of the advantages of corporations is that there is unlimited liability. The partnership form of organization has easy transfer of ownership. One of the disadvantages of the sole proprietorship is that there is unlimited liability. Both a and c are correct. None of the above is correct. Money markets are markets for Foreign currency exchange. Consumer automobile loans. Short-term bonds. Short-term stocks. Corporate stocks. Which of the following are examples of a primary market transaction? A company issues new common stock. A company issues new bonds. An investor asks his broker to purchase from other investors 1,000shares of Microsoft stock. Statements a and b are correct. All of the statements above are correct