Unlimited liability is a legal condition under which any damages or debts incurred by a business are the owner's personal responsibility
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: Unlimited liability is a legal condition under which any damages or debts incurred by a business are the owner's personal responsibility.
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Leggy High School has three open positions for teachers. The school's HR personnel review résumés to identify the candidates who meet the school's minimum requirements. Next, potential candidates are then invited for interviews. After this, interviewers discuss the results with HR personnel and select a short list of candidates, who then appear before a panel of teachers and HR personnel for the final interview. Leggy's new teachers are then selected from among these finalists. Which terms describes Leggy's method of selection?
A. leadership model B. compensatory model C. behavior description model D. nondirective model E. multiple-hurdle model
Ngu owns equipment that cost $93,500 with accumulated depreciation of $64,000. Ngu asks $35,000 for the equipment but sells the equipment for $33,000. Compute the amount of gain or loss on the sale.
A. $5,500 gain. B. $3,000 gain. C. $5,500 loss. D. $3,500 gain. E. $3,500 loss.
The lack of supply chain coordination on various measures of performance has costs associated with it. Which of the following is one of these costs?
A) Inventory B) Reliability C) Transportation D) Quality
Beginners Run Ski Shop sells a pair of skis to Crystal. When Crystal first uses the skis, they snap in two. The cause is something that Beginners Run did not know about and could not have discovered. Beginners Runbreached
a. the merchant's implied duty of inspection. b. the implied warranty of merchantability. c. no duty or warranty because Beginners Run knew nothing about the defect that made the goods unsafe. d. no duty or warranty because consumers should reasonably expect to occasionally find a product that does not work as warranted.