Which of the following is defined as the shared values, beliefs, and preferences of a particular community, nation, or group?

Which of the following statements concerning bonds and risk is true?

A) Because the interest payments and maturing value are known, the only risk associated with investing in bonds is default risk. B) Zero coupon bonds are always more risky than bonds with high coupon rates because of the time value of money. C) B-rated bonds are above average for risk, i.e., less risky than the average bond. D) Bonds are generally less risky than common stock because of the preference for debt over equity in the event of bankruptcy and liquidation.

Which of the following statements is FALSE about sole proprietorships?

A) They mix the assets of the company with the personal assets of the owner. B) The owner receives some, but not all, of the profits. C) The limitation of capital may constrain growth. D) The owner makes all decisions.