Question: Question Completion Status: QUESTION 3 If you are the owner of a sole proprietorship and a customer gets hurt on your property during busir activities,

Question Completion Status: QUESTION 3 If you are the owner of a sole proprietorship and a customer gets hurt on your property during busir activities, you could be liable for damages that exceed how much you invested in the business. True False QUESTION 4 Maximizing this year's profits is the same as maximizing the value of the firm. True False QUESTION 5 When a corporation fails, the maximum that can lost by an investor protected by limited liability is: O the amount of their invested money. the amount of the profit on the investment. the amount necessary to pay the corporation's debts. the amount of the investor's personal wealth, QUESTION 6 "Double taxation" refers to: all partners paying equal taxes on profits. O corporations paying taxes on both dividends and retained earnings. O paying taxes on profits at the corporate level and dividends at the personal level. the fact that marginal tax rates are doubled for corporations

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