Alan, a dentist, and his wife Martha, an attorney, can protect their personal assets with limited liability from their business dealings by creating and operating a professional corporation together

a. True
b. False
Indicate whether the statement is true or false


False

Business

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_______ is the primary reason that entrepreneurs create business plans.

A. To get financing and reduce competition B. To develop a mentoring plan C. To think through important details and focus on a code of ethics D. To get financing and think through important details E. To develop a code of business and succeed

Business

One procedure that is common to an audit engagement, as well as to both the compilation and review engagement, is obtaining an engagement letter

a. True b. False Indicate whether the statement is true or false

Business

When you use ______ organization for your speech, you specify the reasons and the consequences of specific phenomena.

a. chronological b. cause and effect c. spatial d. topical

Business

Which choice best describes the information that should be disclosed related to derivative contracts?

a. Fair value b. Notional amount c. Both of these d. Neither of these

Business