Withdrawal from a partnership for a term prematurely does not constitute a breach of the partnership agreement.
Answer the following statement true (T) or false (F)
False
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The profit margin ratio ________.
A) focuses on the liquidity of the business B) is computed by dividing net sales by net income C) shows how much gross profit a business earns on every $1.00 of sales D) is often compared to the industry average
Entrepreneurs are people who organize, operate, and assume the risk of a business venture.
Answer the following statement true (T) or false (F)
Which of the following is a deductible miscellaneous itemized deduction?
A. gambling losses to the extent of gambling winnings. B. employee business expenses. C. tax preparation fees. D. fees for investment advice. E. All of these choices are correct.
Answer the following statement(s) true (T) or false (F)
Wealth creation occurs at the intersection of entrepreneurial and strategic actions.