Daniel, his parents, and three brothers own all the stock of their family farm corporation, and each person takes an active role in managing the enterprise. This corporation, which is taxed as a corporation, is most likely a(n)
A. S corporation.
B. professional corporation.
C. close corporation.
D. proprietorship.
Answer: C
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Generally, when presenting to a larger audience,
A) the more informal the presentation. B) more time should be allotted for questions. C) the presentation becomes more formal. D) the more visuals should be used. E) the less chance of everyone in the audience understanding the message.
In which of the following would the buyer reorder a product without any modifications?
A) reverse auction B) solution selling C) new task D) straight rebuy E) modified rebuy
Retained earnings on the balance sheet provides a measure of the cumulative net assets generated by earnings in excess of dividends declared
Indicate whether the statement is true or false
Legal limited liability generally is necessary for those who wish to raise outside capital.
Answer the following statement true (T) or false (F)