Answer the following statements true (T) or false (F)
1) A corporation is a business organized under federal law that is a separate legal entity.
2) Most well-known companies are corporations and tend to be large multinational businesses.
3) A corporation is a separate legal entity that is organized independently of its owners.
4) Stockholders of a corporation are not personally liable for the corporation's debt.
5) The stock of public corporations cannot be purchased on a stock exchange.
1. FALSE - A corporation is a business organized under state law that is a separate legal entity.
2. TRUE
3. TRUE
4. TRUE
5. FALSE- The stock of private corporations cannot be purchased on a stock exchange.
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In 2019, grandparents contribute jointly owned funds to a § 529 qualified tuition plan on behalf of their granddaughter. The maximum annual exclusion allowed to them is $150,000 ($30,000 × 5 years).
Answer the following statement true (T) or false (F)
Fence Patrol has developed an entirely new mounting system for chain link fences. Although it is a local company, through the acquisition of a distributor Fence Patrol now has the ability to market its products nationwide
Which of the following is a promotion question that managers at Fence Patrol should address as they create a marketing mix for new international markets? A) What is the average local price for chain link fences? B) How does the target audience feel about the quality of chain link fences currently on the market? C) What message about Fence Patrol's chain link fences is most likely to connect with the target? D) Will wholesalers or retailers be the primary sources for Fence Patrol products in new markets? E) What will the target in each country be willing to pay for Fence Patrol products?
Specialization increases output and decreases costs by:
A) allowing a company to make a wide variety of different products. B) reducing setup time for each part. C) enabling labor to develop speed and dexterity. D) A and B above only E) none of the above
Credit scoring is
A) quite expensive for the lender. B) not a flawless method of determining creditworthiness. C) an inefficient but necessary process. D) all of the above.