The stockholders of a business have a priority claim to its assets in the event of liquidation.
Answer the following statement true (T) or false (F)
False
This is false. Creditors have priority in business liquidations. This means the business uses its assets first to settle the obligations to the creditors. Any assets remaining after the creditors have been paid are then distributed to the investors.
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Professionalism requires different behaviors for each situation in the workplace
Indicate whether the statement is true or false.
Using the five forces model of competition to determine the character and strength of the competitive forces within a given industry involves
A. assess whether the collective impact of all five forces is weak enough to allow industry members to go on the offensive or use a defensive strategy to insulate against fierce competitive pressures. B. evaluating whether competition is being intensified or weakened by the industry's driving forces and key success factors. C. building the picture of competition in two steps: (1) determine which rival has the biggest competitive advantage and (2) assess whether the competitive advantages possessed by various industry members allow most industry members to earn above-average profits. D. gauging the overall strength of competition based on how many industry rivals are operating with a competitive advantage and how many are operating at a competitive disadvantage. E. building the picture of competition in three steps: (1) identify the different parties involved, along with specific factors that bring about competitive pressures; (2) evaluate how strong the pressures stemming from each of the five forces are (strong, moderate or weak); and (3) determine whether the collective impact of the five competitive forces is conducive to earning attractive profits in the industry.
Briefly describe each of the four key management functions.
What will be an ideal response?
Unlimited liability for the owner is a problem for which of the following?
A) corporation B) limited partnership C) partnership D) sole proprietorship E) both C and D