Shareholders in corporations and limited partners in limited partnerships have liability limited to the sum they invested in the business, even for tort liability
a. True
b. False
Indicate whether the statement is true or false
True
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Amber has developed a line of organic lotions and handmade soaps with unique, herb-based scents and a touch of bee balm. She plans to sell these products to the wealthy residents of a nearby resort town. Which level of distribution intensity is probably best for this product?
A. intensive B. selective C. exclusive D. collective E. variable
If a sole proprietorship business sustains a loss for the period, the closing entries will include a debit to the Capital account and a credit to the Income Summary account
Indicate whether the statement is true or false
State governments do not have the power to regulate commerce with foreign nations
Indicate whether the statement is true or false
What is a product platform?
a. A subsystem, module, or process which is used in more than one product, system or service b. Common themes found in products over a product line c. The performance level of a product, such as the base acceleration of a car d. Tools used for the R&D in developing a new product