Assume that you own a fireworks manufacturing plant. A prospective insurer indicates it will not insure your property unless you take some loss prevention measures. Which of the following is the best loss prevention measure?
A) Maintain your own fire department
B) Create two identical facilities, each having half the capacity of the original building
C) Put smoke alarms and fire sprinklers in each building
D) Do not mix ingredients until the last possible moment
D
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Mr. Jackson has $100,000 of qualified business income, he is entitled to a QBI deduction of $25,000.
Answer the following statement true (T) or false (F)
The thing bargained for cannot be a promise or action
Indicate whether the statement is true or false
List and describe three pitfalls in selecting a new venture.
What will be an ideal response?
Of the following, only ___ would not be considered proper financial management during both good and bad times.
A. investing excess cash in CDs, government securities, or conservative securities B. making sure that funds are available to meet tax deadlines C. paying bills promptly D. investing all excess cash in long-term securities E. planning for sufficient financing when needed