Which of the following is NOT a benefit of being a sole proprietorship?
A) starting up the business with ease
B) making all your own decisions
C) keeping all the profits
D) paying no income taxes
E) ending the business with ease
Answer: D
Explanation: D) Sole proprietorships are taxed, but the taxes are relatively simple. Profits are taxed just once, at the owner's personal income rate.
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Purchasing personnel use the ______________________________ data to identify potential suppliers that have been approved for use by the organization
Fill in the blank(s) with correct word
In a ______ structure, a firm assembles portions of product provided by outside contractors.
A. compilation B. network C. outsourced D. modular E. hollow
On July 1, 2018, Mason & Beech Services issued $33,000 of 10% bonds that mature in five years. They were issued at par. The bonds pay semiannual interest payments on June 30 and December 31 of each year. On December 31, 2018, what is the total amount paid to bondholders?
A) $1650 B) $3300 C) $825 D) $1100
Which of the following is a disadvantage of using a differentiated marketing strategy?
A) generates far lower sales compared to an undifferentiated marketing strategy B) customer loyalty is negatively impacted and difficult to obtain C) the costs of doing business increase D) quality control problems increase E) product safety decreases