Which of the following is one of the reasons why many people prefer a sole proprietorship?
A. Pride of ownership
B. Unlimited liability
C. Permanence
D. Ease of transfer of ownership
Answer: A
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The introduction of community indifference curves into our trading example focuses attention on the nation's
a. income level. b. resource prices. c. tastes and preferences. d. productivity level.
Most banks implement customer retention programs aimed at their best customers. They do this because they know that retaining customers usually results in
A. a product development growth strategy. B. more clearly defined market segments. C. increased long-term profits. D. opportunities for diversification. E. an operational advantage.
The ______________________________ framework suggests that organizations and auditors should continue to use COSO as a basis for internal control.
Fill in the blank(s) with the appropriate word(s).
Identify which of the following statements is true.
A) Consent dividends are cash dividends paid following an authorizing vote of the shareholders. B) Dividends that are paid in the two preceding tax years can be used as a dividend carryover to reduce the amount of the current year's personal holding company (PHC) tax liability. C) Dividends paid by a personal holding company in the first 2 1/2 months of a tax year are automatically throwback dividends. D) All of the above are false.