1) A proprietorship is:
A) A business formed by two or more individuals.
B) A separate legal body formed by an individual who has limited personal liability.
C) A business owned by an individual who has unlimited personal liability.
D) A business managed by a single general partner.
E) A limited liability form of business ownership.
2) Which of the following would be considered a primary market transaction?
A) A buy order to an investment banker for a new public stock offering.
B) A buy order to a broker for shares of a company on the TSX.
C) A buy order to a broker for shares of a company on the Venture Exchange.
D) A buy order to a dealer for shares of a company OTC.
E) A sell order to a broker for a stock listed on the TSX.
3) In a limited partnership:
A) Only the limited partners are involved in the daily management of the firm.
B) Both general and limited partners are involved in the daily management of the firm.
C) A limited partner is liable only for the amount he/she contributed to the partnership.
D) A general partner is liable only for the amount he/she contributed to the partnership.
E) The income earned is taxed like a corporation.
4) A stakeholder is:
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