Which of the following is not a disadvantage of sole proprietorships?
A. Unlimited liability
B. Lack of money
C. Double taxation
D. Lack of continuity
E. Limited management skills
Answer: C
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A unique selling proposition message strategy differs from a preemptive or generic approach in that the unique selling proposition is:
A) preemptive B) testable C) emotional D) comparative
The concepts of cost allocation that are used in manufacturing can also apply in:
A. limited instances outside of manufacturing. B. not-for-profit industries only. C. service and not-for-profit industries. D. service industries only.
The currency in which a company presents its financial statements is known as the:
A. Price-level-adjusted currency. B. Reporting currency. C. Historical cost currency. D. Multinational currency. E. Specific currency.
KLM Corporation's quick assets are $5,888,000, its current assets are $11,700,000 and its current liabilities are $8,000,000. Its acid-test ratio equals:
A. 1.50. B. 2.20. C. 0.68. D. 0.74. E. 0.50.