Which of the following is necessary for starting a sole proprietorship?
A. A contract
B. An agreement
C. An application to the secretary of state
D. Articles of proprietorship
E. Limited legal documents
Answer: E
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All of the following are characteristics of a corporation EXCEPT:
a. it has perpetual existence. b. it is a legal entity of its own. c. it is able to be sued and to sue. d. it is usually managed by its shareholders.
Stella accepts a job as vice president for human resources at a technology startup. She discovers that the startup believes that teamwork is so important that it plans to award all raises and bonuses by splitting them equally within a team rather than presenting them to individual employees. What action should Stella take regarding this plan?
A. Cancel the plan because under it, opportunistic employees will do little or no work. B. Make sure the plan goes into place only after the company has corrected information asymmetry. C. Expand the plan by allowing teams to make hiring decisions and eventually firing decisions as well. D. Interview new candidates extensively to avoid adverse selection.
Stacy took a math test whose mean was 70 and standard deviation was 5 . The total points possible was 100 . Stacey's results were reported to be at the 95th percentile. What was Stacey's actual exam score, rounded to the nearest whole number?
a. 95 b. 78 c. 75 d. 62
Which of the following statements is correct?
A. The accountant who performs the independent audit for a company is an employee of the company. B. All employees must be paid no more than the minimum wage rate set by the Fair Labor Standards Act. C. Disability benefits for the worker and the worker's dependents are provided by the Federal Insurance Contributions Act. D. A company is required to withhold various employee taxes from amounts paid independent contractors.