In which of the following organization forms are the owners' legal responsibility for the debt of the business limited to the amount they invested in the business?
A) Sole proprietorship
B) Corporation
C) Partnership
D) Cooperative
B
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A firm that is based in France designs jewelry and takes custom orders from around the world. They do not design more than 15 pieces of jewelry in a year and ensure that each design uses unique stones and is different from the other
Such nichemanship is an example of ________ specialist role. A) customer-size B) product C) product-feature D) job-shop E) quality-price
Kimberley, a merchant-seller in Kansas, had an oral contract to sell goods to Jane, a merchant-buyer in Memphis for $100,000. Two days after contracting, Kimberley sends a sufficient written confirmation to Jane of the agreed-upon transaction
Jane, who has reason to know the contents of the written confirmation, fails to object to the contents of the confirmation immediately. Two weeks after receiving the written confirmation, Jane receives a delivery of the goods from Kimberley. Jane immediately sends an objection to the confirmation to Kimberley. Which of the following is true of the contract between Kimberley and Jane? A) The Statute of Frauds can be raised against the contract because a letter of objection was sent to the offeror. B) The offer is valid as the offeree knew the contents of the confirmation and did not object within 10 days. C) The contract is void as the offeror did not receive a letter of confirmation from the offeree for delivery. D) The Statute of Frauds can be raised because the offeree did not sign the contract.
Two major sources of funds for a business are:
a. asset capital and liability capital b. interest capital and expense capital c. good capital and bad capital d. Treasury capital and Treasury debt e. debt capital and equity capital
The most important part of a negative-news message is the section that explains the reasons for the bad news
Indicate whether the statement is true or false