Most publicly traded firms operate as corporations. The corporate form has which of the following advantage(s)?
a. The corporate form provides the owner (shareholder) with limited liability.
b. The corporate form allows the firm to raise funds by issuing shares to investors in varying amounts.
c. The corporate form facilitates the transfer of ownership interests because owners can sell their shares without affecting the ongoing operations of the firm.
d. The corporation has legal status separate from its owners.
e. all of the above
E
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Rules are formed to
a. clarify cloudy areas of norms. b. identify culturally ingrained principles of correct and incorrect behaviors. c. clarify behavioral expectations of positions within a culture. d. provide a means of exchanging information and assistance.
Motivations to smooth net income over time include each of the following except:
A. Make it appear managers are doing better than they really are B. Steady increase in earnings each year C. Minimize overall taxes D. Maximize bonuses and stock option values
The assignment method is a special case of a group of problems called ______ problems.
a. integer programming b. network programming c. work-flow optimization d. linear programming
Sergio is a 15% partner in the Hopkins Group and has net self-employment income of $100,000 in the current year. The maximum amount that Sergio can contribute to a Keogh money purchase plan is:
A. $3,000. B. $13,045. C. $20,000. D. $25,000. E. $55,000.