Which of the following would be considered an advantage of the sole proprietorship form of business organization? A. Income taxed at only one level. B. Pooled expertise. C. Wide access to capital. D. Unlimited personal liability. E. Unlimited life. One common reason for partnerships to convert to a corporate form of organization is that the partnership: A. Faces rapidly growing financing requirements. B. Wishes to avoid double taxation of profits. C. Has issued all of its allotted shares. D. Agreement expires after ten years of use. E. All of the above. 3. Professional-service firms (such as doctors or dentists) are likely set up as: A. Corporations, to gain limited liability. B. Partnerships, to gain tax advantages. C. Sole proprietorships, to gain easy valuation. D. Limited liability companies, to gain tax and liability benefits. E. All of the above. Large publicly-traded corporations are exposed to agency problems because of A. The high compensation of CEOs. B. The board of directors has outside members. C. The separation of ownership and control of the corporation. D. All of the above. Given the above information, how much is left of the interest income after you pay the tax? A. $40. B. $50. C. $45. D. $60. (E.) None of the above. Efficiency ratios: A. Include the quick ratio, asset turnover ratio, and return on equity. B. Are used to measure how well the company uses its assets. C. Are used to measure how liquid the company is. D. Help answer questions of firm stability. E. None of the above. 5. A company has issued 16 million common shares. The price per common share is $15 dollars and the company's consolidated balance sheet shows dividends payable of $4 million. What was the estimated dividend yield? A. 1.67%. B. 1.33%. C. 2.67%. D. 1.26%. E. None of the above. In March 2021, BCE Inc. had a share price of $56.50 and 901 million shares outstanding. BCE had a market-to-book ratio of 2.61, a book debt-equity ratio of 1.42, and cash of $600 million. What was BCE's enterprise value