A corporation is a voluntary agreement under which two people act as co-owners of a business for profit.
Answer the following statement true (T) or false (F)
False
A corporation is a form of business ownership in which the business is considered a legal entity that is separate and distinct from its owners. See 6-1: Business Ownership Options: The Big Four
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Which of the following is a drawback for a retailer offering national brands?
A. Retailers have to discount some national brands in order to attract customers to their stores because customers compare prices for these brands across stores. B. Retailers have to work to market national brands to make them better known and desired by customers. C. Retailers view national brands as a threat to private-label brands. D. Significant investment is needed to develop relationships with national brands' vendors. E. Many customers will only patronize retailers that sell particular national brands.
What are the ways that a firm can create barriers to entry to deter competition in its business? What factors determine whether these barriers are likely to be enduring?
Rearrange the sentences in the following paragraph to achieve paragraph unity. [1] The primary objective is to prepare the class schedule for the next semester. [2] If time permits, faculty will review scholarship applications. [3] The Information Systems Department will meet at 1:00 p.m. on Thursday. [4] In addition to preparing the class schedule, faculty will be assigned particular sections
The Economic Espionage Act
A. makes the theft of trade secrets by foreign entities a federal crime in the U.S. B. allows the World Court in The Hague to adjudicate trade disputes on behalf of United Nations' members and requires the home country to impose any penalties. C. targets espionage activities that are commonplace in any industry that holds governmental contracts. D. is well-intended in theory, but is virtually impossible to enforce. E. imposes a personal fine on a convicted U.S. citizen of up to $10 million.