Which of the following is true of a sole proprietorship?
A) A sole proprietor has limited flexibility in managing the business
B) A sole proprietor has unlimited liability and high financial risk.
C) A sole proprietorship operated under the proprietor's name must be registered.
D) ?A sole proprietorship is a complex business to organize.
B
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Stage Technologies is a London-based company that supplies engineering solutions for the entertainment industry. It has helped the boy-band Westlife make a flying entrance onto stage and provided stage-rigging packages for Princess Cruise's vessels. The company was established in 1994 after a couple of production designers decided that the automation of theater productions could be done more safely and more efficiently by using modular production rather than the old "build-as-needed" formula. The company installs winches, stage lifts, and other equipment commonly used in stage productions. The equipment is designed so it can be operated from a single console without awkward or heavy lifting. Both opera companies and theaters see the benefit of such a system, but many are reluctant to buy
because of perceived costs. John Hastie and Mark Ager, the company's best salespeople, must design sales presentations that address these concerns.What types of sales presentations would Hastie and Ager most likely use for new customers? A. Need-fulfillment and need-development B. Persuasive selling and need-satisfaction C. Memorized and need-fulfillment D. Need-satisfaction and problem-solution E. Formula and problem-solution
The extent to which a firm adjusts net income for changes in noncurrent assets and noncurrent liabilities in deriving cash flow from operations depends on the nature of its operations. Some firms use _____ to finance the working capital needs
a. suppliers b. equity financing c. short-term borrowing d. long-term borrowing e. all of the above
The view that defines economic development as a reduction of poverty and unemployment as well as an increase in income is known as the __________.
Fill in the blank(s) with the appropriate word(s).
Undue influence can be actual or presumed
Indicate whether the statement is true or false