A sole proprietorship offers less flexibility than does a partnership or a corporation

Indicate whether the statement is true or false


False

Business

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Lloyd's of London is the largest mutual insurance company in the world measured by total premiums written

Indicate whether the statement is true or false

Business

The conversion privilege allows investors to switch from one fund to another without fees if and only if the funds are managed by the same company such as Fidelity or Vanguard

Indicate whether the statement is true or false.

Business

In June, The Seascape Gallery sells an oil painting to Collegiate Systems, Inc. Collegiate promises to pay for the painting in three months. The gallery prepares a draft ordering Collegiate Systems to pay $3,000 to First Bank on September 15. Collegiate Systems signs the draft. The draft is a

A. sight draft. B. time draft. C. trade draft. D. future draft.

Business

The ________ is a federal statute that authorizes the EPA to establish national primary drinking water standards.

A. Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) B. Federal Water Pollution Control Act (FWPCA) C. Clean Water Act D. Safe Drinking Water Act

Business