1、单选题：
Which of the following statements is true? （ ）
选项：
A:One of the benefits of incorporating your business is that you become entitled to receive unlimited liability.
B:All of the statements above are correct.
C:Sole proprietorships do not have to pay corporate tax.
D:None of the statements above is correct.
E:Sole proprietorships are subject to more regulations than corporations.
答案: 【Sole proprietorships do not have to pay corporate tax.】

2、单选题：
Which of the following statements is most correct? （ ）
选项：
A:Statements b and c are correct.
B:Corporations face fewer regulations than sole proprietorships.
C:None of the statements above is correct.
D:One advantage of forming a corporation is that you have limited liability.
E:One disadvantage of being a sole proprietor is that you have to pay corporate taxes, even though you don’t realize the benefits of being a corporation.
答案: 【One advantage of forming a corporation is that you have limited liability.】

3、单选题：
Which of the following could explain why a business might choose to organize as a corporation rather than as a sole proprietorship or a partnership? （ ）
选项：
A:Corporations generally face lower taxes.
B:Corporations generally find it easier to raise capital.
C:Corporations generally face fewer regulations.
D:Statements c and d are correct.
E:Corporations enjoy unlimited liability.
答案: 【Corporations generally find it easier to raise capital.】

4、单选题：
The primary goal of a publicly-owned firm interested in serving its stockholders should be to（ ）
选项：
A:Maximize the stock price per share.
B:Maximize expected net income.
C:Maximize expected total corporate profit.
D:Minimize the chances of losses.
E:Maximize expected EPS.
答案: 【Maximize the stock price per share.】

5、单选题：
Which of the following statements is most correct?（ ）
选项：
A:Restrictions are included in credit agreements to protect bondholders from the agency problem that exists between bondholders and stockholders.
B:Compensating managers with stock can reduce the agency problem between stockholders and managers.
C:All of the statements above are correct.
D:Statements a and b are correct.
E:The threat of a takeover can reduce the agency problem between bondholders and stockholders.
答案: 【Statements a and b are correct.】