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If you can think of a legal way to apply for different accounts for each of your sites, you won't harm your entire network if one of your sites causes problems.
I can't remember off the top of my head, but I'm sure that there is a clause somewhere in the Terms that say that you are only allowed to have one account.
1.does person do it?
2.does it disobey the Yahoo! Publisher Network beta program policies?
You ARE allowed to use ONE ACCOUNT for MANY SITES. And yes, people do it. Everyone does it.
How do you benefit at all by listing all of your accounts under one name (assuming all accounts make more than $100 a month)? If anything you risk one site getting banned resulting in the rest of them getting banned as well. It just happened to a friend of mine who lost 15 sites because of 1 of them.