Which of the following events would make it more likely that a company would choose to call in outstanding callable bonds? Market interest rates rise sharply. The company's bonds are downgraded The company's financial situation deteriorates significantly. Inflation increases significantly. Market interest rates decline sharply. Which of the following statements is CORRECT? One of the advantages of the corporate farm of organization is that it avoids double taxation. It is generally easier to transfer one's ownership interest in a partnership than in a corporation. One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability. One of the advantages of a corporation from a social standpoint is that every stockholder has equal voting rights, i.e., "one person, one vote." Corporations of all types are subject to the corporate income tax