Which of the following is a disadvantage of the corporate form of business?
A. A corporation faces difficulty in attracting substantial amounts of funds.
B. The owners of a corporation are subject to unlimited personal liability for the business' debts.
C. Setting up a corporation is more complex and time-consuming than setting up a proprietorship or a partnership.
D. A corporation is said to have limited life.
E. Ownership interests cannot be transferred as easily as proprietorship or partnership interests.
Answer: C
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Under the Americans with Disabilities Act, which employer is most likely to face legal challenges?
A. an employer who has risk-based insurance and then hires an employee with a disability B. an employer who discriminates against workers over age 40 in providing pay or benefits C. an employer who switches to a risk-based policy after hiring a disabled employee D. an employer who does not have risk-based insurance E. an employer who sets guidelines for using waivers
Which of the following is not considered a "quick" asset?
a. cash; b. accounts receivable; c. inventory; d. temporary investments; e. all of these are "quick" assets
People are often ethnocentric and favorably predisposed to their own country's products, unless they come from a less developed country
Indicate whether the statement is true or false
Strategic alliances are
A. the best way to help insulate a firm from the adverse impacts of industry driving forces. B. best used to insulate a company from the impact of the five competitive forces. C. collaborative formal arrangements where two or more companies join forces and agree to work cooperatively toward some strategically relevant objective. D. a proven means of reducing the costs of performing value chain activities. E. the cheapest means of developing new technologies and getting new products to market quickly.