Question

Question 1 (4 points) 1. Which of the following is the firm's highest-level financial manager? President of the company Chief Financial Officer Chief Executive Officer Board of Directors Question 2 (4 points) 2. The practice generally known as double taxation is due to Corporate income being taxed at both the federal and state levels Shareholders' dividends being taxed at both the federal and state levels Both A and B above. Corporate incomes being taxed at the corporate level, then again at the shareholder level when corporate profits are paid out as dividends Question 3 (4 points) 3. This is the set of laws, policies, incentives, and monitors designed to handle the issues arising from the separation of ownership and control. Corporate governance Agency theory Defined benefit plan Invisible hand

Answer 1

Answer 1
Chief Financial Officer is the firm's highest level financial Manager.
The chief financial officer is the officer of a company who has primary responsibility for managing the company's finances,
including financial planning, management of financial risks, record-keeping, and financial reporting.
Answer 2
The practice generally known as double taxation is due to Corporate Incomes being taxed at the corporate level, then again at
the shareholder level when corporate profits are paid out as dividends.
Double taxation is a taxation principle referring to income taxes paid twice on the same source of earned income.
Double taxation often occurs because corporations are considered separate legal entities from their shareholders
Corporations pay taxes on their annual income.When corporations pay out dividends to shareholders,they have to
pay taxes on the said dividend income though the earnings that provided the cash to pay the dividends
were already taxed at the corporate level.
Answer 3
The answer is Corporate Governance.
Corporate governance is the combination of rules, processes or laws by which businesses are operated, regulated or controlled.