Which of the following statements is true of a sole proprietorship?
A) A sole proprietorship joins two or more individuals as co-owners.
B) The sole proprietor is personally liable for the liabilities of the business.
C) A sole proprietorship is taxed separately from the owner.
D) A sole proprietorship has to pay business income taxes.
B
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HBR Accounting hired Denise, a CPA, to prepare tax returns. Which statement is correct?
a. Denise is a gratuitous agent and has a duty not to commit gross negligence. b. Denise is a gratuitous agent and has a duty not to commit ordinary negligence. c. Denise, as a CPA, is an agent with special skills. She is held to a higher standard than ordinary negligence. d. Denise, as a CPA, is an agent with special skills. She is held to a lower standard than ordinary negligence.
________ is the principle that all data is treated equally.
A. Net neutrality B. ISP C. IP D. Fair play E. Equal access
For inventory that is shipped FOB shipping point, title transfers from the seller to the buyer once the seller ships the inventory.
Answer the following statement true (T) or false (F)
Open-source software is best used when cost is an issue
Indicate whether the statement is true or false