Neighborhood florist shops, restaurants, and travel agencies are most likely organized as
a. labor unions
d. sole proprietorships
e. stock markets
77. What type of business is most likely to be run as a family business?
d. mutual fund
e. sole proprietorship
78. Unlimited liability means
a. a firm is always liable for damages when it is at fault
b. if a firm is sued, it has enough insurance to pay the damages
c. the owners are personally liable for all the debts of the firm
d. a corporation is not held liable for the stockholders’ errors
e. a sole proprietor’s own net worth cannot be used to pay debts
79. What characteristic is shared by both sole proprietorships and partnerships?
a. They both tend to be large businesses.
b. They both face unlimited liability.
c. They both have just one owner.
d. They both face limited liability.
e. They both have just two owners.
80. When compared to a sole proprietorship, a disadvantage of the partnership form of
business organization is that there
a. is reduced access to capital resources
b. is limited liability
c. is shared liability with each partner for all the firm’s debts
d. can only be two partners
e. are fewer opportunities to expand output
81. In a partnership, decisions made and liabilities incurred are
a. usually incorrect
b. the same as in a sole proprietorship
c. the same as in a corporation
d. always equally shared by all partners
82. A firm owned by two or more persons who each bear the responsibilities and unlimited
liabilities of the firm is a(n)
b. sole proprietorship
c. organization that is disallowed under current IRS rules
83. A firm that exists as a separate legal being is
a. a sole proprietorship
b. a corporation
c. a partnership
d. likely to be a small, family-run business
e. still dependent on its owners in many ways
84. The owners of a corporation are
c. sole proprietors
e. at risk of bankruptcy if the firm makes losses
85. The first step in forming a corporation is to
a. find a large number of partners
b. take out a business loan
c. obtain a charter from the state government
d. hire more staff
e. pay dividends to stockholders
The density of a fluid is given by the empirical equation p = 70.5 exp (8.27 x 10-7p) where p is density (lbm/ft3) and P is pressure (lbf/in.2). >Apr 20 2020
Customer profitability and ethics. KC Corporation manufactures an air-freshening device called GoodAir, which it sells to six merchandising firms. The list price of a Goo...Jul 16 2020
An article in Nuclear Engineering International (February 1988, p. 33) describes several characteristics of fuel rods used in a reactor owned by an electric utility in No...Aug 10 2020
internal reports that review the actual impact of decisions are prepared by:a) the controlerb) department headsc) factory workersd) management accountantsDec 04 2019
The Pittsburgh Penguins have the following capital structure. The company's tax rate is 35%.Debt: 7,000 8% coupon bonds outstanding, $1,000 par value, 20 years to maturit...Nov 23 2019
If P = $8 and MC = $5 + 2Q, the competitive firm's profit-maximizing level of output is: a. 1.5 b. 0.2 c. 8 d. 15 2. If a firm faces the demand curve P = 60 – Q and the p...May 18 2020
Kyle Corporation is comparing two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, the company would have 715,000 sha...Apr 01 2020
A potentiometric measurement of silver concentration in photographic bath was made using reaction occurs at the electrode. (This is not a titration measurement). What wil...Jun 04 2020
Regression Paper Topic: Stock Price Prediction Using Regression Analysis The goal of the regression paper is to familiarize you with the statistical software often used ...Mar 21 2020
A community can be regarded as a "superorganism" that adapts to change and evolves as a unit. (A) True (B) FalseMar 20 2018
Welcome to MyCourseHelp Services, World's leading Academic solutions provider with Millions of Happy Students.