Which of the following statements regarding sole proprietorships is false?
A. Sole proprietorships are the most common form of business entity in the U.S.
B. The cash flow generated by a sole proprietorship belongs to the owner.
C. The assets and liabilities of a sole proprietorship are held in the name of the business, not the owner.
D. A sole proprietorship has no legal identity separate from that of its owner.
Answer: C
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Sarbanes-Oxley (SOX)
a. imposes new corporate disclosure requirements b. imposes new criminal penalties for fraud c. both a. and b. d. none of the above
The work scheduling device which requires that the manager or supervisor work backwards from the completion date of the project is the
A. Schedule log. B. Work chart. C. Gantt Chart. D. Work schedule calendar.
Darrell and Dave were fierce competitors, which drove both of them to overpay for many of their inputs, resulting in increased prices at their own stores
Dave realized this, and pondered how he could be recognized as a cost leader by his customers and maintain his reputation for quality merchandise. Sacrificing one element of his strategy at the expense of another is recognized as a trade-off in operations management. Indicate whether the statement is true or false.
Belinda has a household insurance policy, which requires her to notify the insurance company within thirty days of any loss before she is eligible to receive payment for her loss. The notification requirement is a condition precedent to the insurance company's obligation to perform, even though the notification must occur subsequent to the loss
Indicate whether the statement is true or false