The cheapest business entity to form is typically the:
A) limited liability company.
B) joint stock company.
C) general partnership.
D) limited partnership.
E) sole proprietorship.
E) sole proprietorship.
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Suppose United Bank offers to lend you $10,000 for one year at a nominal annual rate of 8.00%, but you must make interest payments at the end of each quarter and then pay off the $10,000 principal amount at the end of the year. What is the effective annual rate on the loan?
A. 8.24% B. 8.45% C. 8.66% D. 8.88% E. 9.10%
Outsourcing production or operating activities does not help in reducing a company's investment in physical assets and human resources
Indicate whether the statement is true or false
Zoom Zoom Car Rental follows a cost-leadership strategy. Which of the following firms will most likely be its direct competitor?
A. Rent-an-Auto LLC, which follows a standardization strategy B. Paul Bunyan Car and Truck Rentals, which follows a differentiation strategy C. Reliable Rental Cars, which follows a low-cost strategy D. Classic Car Rentals Inc., which follows a cost-increase strategy
The most common type of relief that courts of equity provide is monetary damages
Indicate whether the statement is true or false