The owner is not responsible for the entity's taxes and debts if the entity is organized as a(n):
A. unlimited liability corporation.
B. limited liability corporation.
C. corporation
D. sole proprietorship.
Answer: C
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In using the product cost concept of applying the cost-plus approach to product pricing, what is included in the markup?
A) Desired profit B) Total fixed manufacturing costs, total fixed selling and administrative expenses, and desired profit C) Total costs plus desired profit D) Total selling and administrative expenses plus desired profit
A buyer's failure to cover will bar him or her from using any other remedies available under the UCC
Indicate whether the statement is true or false
Check sheets might be used with which element of the DMAIC Improvement Cycle?
a. Define b. Analyze c. Measure d. Control
When a firm diversifies into ________ businesses, the primary potential benefits to be derived come from ________ relationships-those businesses that share intangible and tangible resources.
A. related; hierarchical B. unrelated; horizontal C. unrelated; hierarchical D. related; horizontal