All of the following are disadvantages of corporations except
A. perpetual life.
B. double taxation.
C. lack of secrecy.
D. expensive formation.
E. heavy government regulation.
Answer: A
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The closing process resets ________, ________, and ________ account balances to zero at the end of each accounting period.
What will be an ideal response?
The process of learning from the successful practices of others is called
a. Mimicry b. Grafting c. Scanning d. Vicarious learning
Any unauthorized indorsement must be asserted within one year under the UCC's statute of limitations provision
a. True b. False Indicate whether the statement is true or false
The main problem with using the objective-and-task approach to setting an advertising budget is that
A. it takes the view that sales create advertising rather than advertising creates sales. B. it often results in overspending or underspending of the firm's resources. C. it does not achieve full potential in terms of stimulating demand. D. the marketer may experience difficulty when trying to estimate accurately the level of effort needed to achieve goals. E. it is difficult to determine the objectives of the campaign.