Which of the following best represents the stream of income that is available to stockholders?
A) Net profit after tax
B) Earnings before interest, taxes and dividends
C) Gross profit
D) Operating profit
Answer: A
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Mary used her savings to buy gold coins while Jane bought paintings. George invested his savings in a bank while Tom bought treasury bills from the U.S. government. Who among the following is using direct finance?
A. Mary B. Jane C. George D. Tom
Franchising:
A. reduces risk of downside loss. B. is the same as the me-too strategy. C. reduces the amount of competition an entrepreneur will face. D. is the only imitation strategy discussed in the text.
Which of the following activities will cause a limited partner to lose his limited liability?
A) Voting on amendments to the limited partnership agreement B) Being an employee of the limited partnership C) Voting on the dissolution of the limited partnership D) Helping with the management of the limited partnership E) Acting as a surety for the limited partnership
The estate of a debtor includes wages earned after commencement of a Chapter 7 liquidation proceeding
a. True b. False Indicate whether the statement is true or false