TEST BANK FOR Corporate Finance, 3rd Edition By Jonathan Berk and Peter DeMarzo | All Chapters | Latest & Updated Version A+

TESTBANK FOR CORPORATE FINANCE, 3RD
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EDITION
BY JONATHAN BERK AND PETER DEMARẔO
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,CORPORATE FINANCE, 3E l# l#



(BERK/DEMARẔO)
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l#CHAPTER 1 THE l# l# l #



CORPORATION
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1.1 The l#Four l#Types l#of l#Firms

1) A l#sole l#proprietorship l#is l#owned l#by:
A) one l#person.
B) two l#of l#more l#persons.
C) shareholders.
D) bankers
. l#Answer:
l # A l # Diff:


l#1


Section: l # 1.1 l#The l#Four l#Types l#of
l#Firms l # Skill: l # Definition




2) Which l#of l#the l#following l#organiẔation l#forms l#for l#a l#business l#does l#NOT l#avoid l#double l#taxation?
A) Limited l#partnership
B) "C" l#corporation
C) "S" l#corporation
D) Limited l#liability
l#company l # Answer: l # B


Diff: l#1
Section: l # 1.1 l#The l#Four l#Types l#of
l#Firms l # Skill: l # Conceptual




3) Which l#of l#the l#following l#organiẔation l#forms l#accounts l#for l#the l#most l#revenue?
A) "S" l#corporation
B) Limited l#partnership
C) "C" l#corporation
D) Limited l#liability
l#company l # Answer: l # C


Diff: l#1
Section: l # 1.1 l#The l#Four l#Types l#of
l#Firms l # Skill: l # Conceptual





,4) Which l#of l#the l#following l#organiẔation l#forms l#accounts l#for l#the l#greatest l#number l#of l#firms?
A) "S" l#corporation
B) Limited l#partnership
C) Sole l#proprietorship
D) "C"
l#corporation


l # Answer: l # C






, Diff: l#1
Section: l # 1.1 l#The l#Four l#Types l#of
l#Firms l # Skill: l # Conceptual