FIN 370 Final Exam (1st Set) 54 Questions with ANSWERS

) The true owners of the corporation are the:

A. holders of debt issues of the firm.

B. preferred stockholders.

C. common stockholders.

D. board of directors of the firm.


2) In terms of organizational costs, which of the following sequences is correct, moving from lowest to highest cost?

A. Corporation, limited partnership, general partnership, sole proprietorship

B. General partnership, sole proprietorship, limited partnership, corporation

C. Sole proprietorship, general partnership, limited partnership, corporation

D. Sole proprietorship, general partnership, corporation, limited partnership

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