You recently sold 200 shares of Apple stock toyour brother. The transfer was made through a broker, andthe trade occurred on the NYSE. This is an...

You recently sold 200 shares of Apple stock toyour brother. The transfer was made through a broker, andthe trade occurred on the NYSE. This is an example of:

A futures market transaction.

A primary market transaction.

A secondary market transaction.

A money market transaction.An over-the-counter market transaction.

Which of the following statements is CORRECT?

It is usually easier to transfer ownership in a corporation than it is to transfer ownership in a sole proprietorship.

Corporate shareholders are exposed to unlimited liability.

Corporations generally face fewer regulations than sole proprietorships.

Corporate shareholders are exposed to unlimited liability, and this factor may be compounded by the tax disadvantages of incorporation.

Shareholders in a regular corporation (not an S corporation) pay higher taxes than owners of an otherwise identical proprietorship.