The owners of a limited liability company generally prefer:
A) being taxed like a corporation.
B) having liability exposure similar to that of a sole proprietor.
C) being taxed personally on all business income.
D) having liability exposure similar to that of a general partner.
E) being taxed like a corporation with liability like a partnership.
C) being taxed personally on all business income.
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If a project's payback period is less than the maximum acceptable payback period, we would accept it
Indicate whether the statement is true or false
Garth's Imports sold a car to Wally on credit for $30,000. Garth assigned to Cassandra all of his rights to receive money from Wally. Cassandra did not inform Wally of the assignment. Therefore, Wally continued to make the next three payments directly to Garth. Shortly thereafter, Garth left the country with the money. If Cassandra sues Wally for the missing three payments A) Cassandra will not
be able to collect the money from Wally. B) Cassandra will be able to collect the money from Wally. C) Wally is liable for the three payments because Cassandra paid consideration for the assignment rights. D) Wally cannot raise the defense of previous payment.
The augmentation of an existing service line is a:
A. Service line extension B. Service franchise C. Major innovation D. New service for the currently served market E. Service improvement
The Sherman Antitrust Act of 1890 was often used against unions by treating them as a monopoly when they tried to exert pressure on an employer using tactics such as boycotts and strikes.
Answer the following statement true (T) or false (F)