To reduce owner risk of loss of personal assets the business should:
A. Buy a warranty contract
B. Form as a corporation or LLC
C. Sell insurance
D. All of the above
B. Form as a corporation or LLC
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The reason that a blind copy of the purchase order is sent to receiving is to
a. inform receiving when a shipment is due b. force a count of the items delivered c. inform receiving of the type, quantity, and price of items to be delivered d. require that the goods delivered are inspected
From the following, identify an item that does NOT go into current net worth calculations?
a. Preliminary expenses b. Prior year's net worth c. Funds from known sources d. Assets
What allowed Mark Zuckerberg (Facebook) to get the upper hand in his dealings with his potential business competitors, Tyler and Cameron Winklevoss, and his former collaborator, Eduardo Saverin?
a. Mark’s extroverted, emotionally expressive personality b. Mark’s computer genius c. Mark’s inherited wealth d. Mark’s physical aggressiveness and intimidating presence
The two principal types of municipal bonds are:
A. general obligation bonds and indexed bonds. B. income bonds and putable bonds. C. revenue bonds and general obligation bonds. D. floating-rate bonds and indexed bonds. E. floating-rate bonds and revenue bonds.