In a sole proprietorship, the owner is personally responsible without limitation for the liabilities
incurred.
Indicate whether the statement is true or false
TRUE
You might also like to view...
The federal funds rate is the interest rate in the market for
A. mortgage loans. B. loans of reserves between banks. C. loans of government securities. D. federal agency securities.
A(n) _____ is a set of indivisible transactions that are either all executed or none are-never only some.
A. long-running transaction B. ready-copy-update transaction C. biometric transaction D. atomic transaction
Which of the following is the best definition for marketing?
A) Marketing is an organizational function and a set of business activities designed to make profits. B) Marketing is an organizational function and a set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders. C) Marketing is a business function and a process for determining the value customers desire in order to gain profit for business organizations and to seek societal benefits through nonprofit marketing. D) Marketing is finding a hole and filling it while earning profitable dollars. E) Marketing is the result of the equilibrium of supply, demand, marginal cost, and marginal revenue.
According to Katz’s skills model, which two skills are most important for supervisory- (low-) level managers to be successful leaders?
A. technical skill and human skill B. human skill and conceptual skill C. technical skill and conceptual skill D. all three skills are equally important for supervisory level management