Entrepreneurs start their own firms for all of the following reasons EXCEPT the
A. challenge.
B. profit potential.
C. opportunity to manage other people.
D. enormous satisfaction.
E. hope that lies ahead.
Answer: C
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Taylor originally picked ____ as the weight on the output gap and ____ as the weight on the inflation gap in his rule.
A. 1; 1 B. 1; 1/2 C. 1/2; 1/2 D. 1/2; 1
The terms of payment offered by the suppliers are to pay 70% in the month of purchase and 30% in the following month. Calculate the payments on account made during the first six months.
Tolga Moving Systems, Inc. has provided the following details for direct materials purchased on
account in different months.
Bill filed a petition for bankruptcy under Chapter 7 of the Bankruptcy Act. Bill listed, among others, the following debts: a debt to the National Bank for $10,000 secured by his 1980 truck, which is valued at $3,500; an unsecured debt to his friend, Francis; a $500 debt to the IRS for 1989 federal income taxes; and a $500 student loan to the university which was due one year ago. In this scenario, ________.
A. Francis can claim the debt without filing a proof of claim B. the $500 debt to the IRS is a nondischargeable debt C. the bank can receive preferential payment because the debt owed to it is the highest D. the $500 student loan to the university is a dischargeable debt
At the marriage of her daughter, Lorna is given papers to sign, which the catering company says are the invoices for the food, service, and decorations. Underneath the invoices are a carbon and a contract of sale for a portion of the failing catering business. Lorna signs the papers; her signature is transferred to the sales contract. This is a void contract because it was entered by fraud in the
execution. a. True b. False Indicate whether the statement is true or false