Which of the following statements regarding sole proprietorships is true?
a. A sole proprietorship is owned and operated by one person.
b. Proprietorships have limited liability for the operation.
c. Proprietorships are taxed as businesses.
d. Ordinarily, the amount of capital available to proprietorships is equal to that available to other types of business organizations.
ANSWER: a
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P&G's Vocalpoint is a group built on the premise that moms who have conversations with three to five women each day are more influential than women who speak to 25 to 30 other women during the day
Indicate whether the statement is true or false
Dawson Electronic Services had revenues of $80,000 and expenses of $50,000 for the year. Its assets at the beginning of the year were $400,000. At the end of the year assets were worth $450,000. Calculate its return on assets.
A. 20.0%. B. 7.1%. C. 7.5%. D. 18.8%. E. 6.7%.
Differences arising from which of the following factors becomes more important to people as they get to know each other?
A. gender B. ethnicity C. race D. personality
A ________ ratio is commonly used to assess owners' appraisal of the share value
A) debt B) price/earnings C) return on equity D) return on total assets