答案和详解如下： 1.Which of the following types of business firms exposes its owners to the greatest legal liability in the U.S. and which type of firm is most likely to face a principal-agent conflict? Liability Principal - agent conflict A) Corporation Corporation B) Corporation Partnership C) Proprietorship Corporation D) Proprietorship Partnership Click for Answer and Explanation C) The owner of a proprietorship is subject to unlimited liability. Shareholders of corporations have limited liability, only up to the amount invested. In many corporations, the agent (management) may be working for different objectives than those of the principal (shareholders). 2.Which of the following organizational structures is (are) subject to double taxation? A) Corporations. B) Proprietorships. C) Partnerships. D) Partnerships and proprietorships. Click for Answer and Explanation A) Corporations must pay taxes on the firm’s profits and the shareholders must pay on profits distributed as dividends. 3.Which of the following organizational structures usually has the lowest cost of raising external capital? A) Proprietorships. B) Partnerships. C) Corporations. D) Partnerships and proprietorship Click for Answer and Explanation C) Relative to proprietorships and partnerships, external capital is more readily available to and less expensive for corporations. | 
发表于 2008-4-9 18:07
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