Start-up and organization costs
A) are capitalized, but never amortized.
B) are capitalized and amortized, usually over five years.
C) are expensed in the year incurred.
D) appear on the balance sheet as a current asset.
C
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Friendly notes with no direct business purpose, such as those conveying congratulations or thanks, are called ________ messages
A) salutary B) recognition C) goodwill D) congratulatory E) simple
Increasingly, new-product ideas arise from ________ that combines two product concepts or ideas to create a new offering
A) reverse assumption analysis B) lateral marketing C) attribute listing D) forced relationships E) morphological analysis
Which of the following statements is FALSE? In a bill of lading
A) is a receipt showing a transportation company has goods to be delivered B) usually include a term that limits the liability of the transportation company C) courts no longer require that the bill of lading be signed to be valid D) are governed by federal and provincial statutes E) require that adequate notice has to be given to the customer for an exemption clause to be effective
The business form that is taxed as a partnership and gives all owners limited liability, is:
a. a close corporation. b. a limited partnership. c. a limited liability company. d. a general partnership.