In which form of business is a single individual responsible for the repayment of any debts?
A. Proprietorship.
B. Partnership.
C. Family-run business.
D. Corporation.
Answer: A
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Jan's Dry Cleaning holds $10,000 on a typical day, although only $2,000 is essential for carrying out business. Making a midday deposit is estimated to reduce cash holdings to $8,000 and cost an extra $80 per year in lost production. If, in addition, an armored car service is engaged to pick up cash more frequently for a fee of $120 per year, cash holdings will be further reduced to $6,000 per day. Employing a computerized cash management service for an annual fee of $180 would reduce cash holdings further to $4,000. If any reduction in cash holdings will be invested in government bonds earning 10%, then how much money should Jan's hold?
A. $4,000 B. $6,000 C. $8,000 D. $10,000
In which of the following cases is the slope of a line positive and less than infinity?
A) As the variable measured on the x-axis decreases, the variable measured on the y-axis decreases. B) As the variable measured on the x-axis increases, the variable measured on the y-axis decreases. C) As the variable measured on the y-axis increases, the variable measured on the x-axis does not change. D) As the variable measured on the y-axis increases, the variable measured on the x-axis decreases.
The Bretton Woods system fixed all exchange rates in terms of the U.S. dollar
a. True b. False
Derivatives are securities that derive their values from the values of underlying investments
a. True b. False Indicate whether the statement is true or false