Which of the following is NOT a drawback of being a publicly held corporation?
A) dealing with operating costs and paperwork
B) owners being personally liable for damages
C) being taxed twice
D) difficulty ending the corporation
E) getting possible tax breaks
Answer: B
Explanation: B) A corporation's owners, unlike as in a proprietorship, are not personally liable for the corporation.
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Orson files a suit against Portia. Before going to trial, the parties meet, with their attorneys to represent them, to present their dispute to a third party who is not a judge but who imposes a resolution on the par¬ties. This is
a. arbitration. b. mediation. c. negotiation. d. not a legitimate form of dispute resolution.
Maruska Corporation has provided the following data concerning its only product: Selling price$180per unitCurrent sales 29,800unitsBreak-even sales 25,032unitsWhat is the margin of safety in dollars?
A. $5,364,000 B. $3,576,000 C. $4,505,760 D. $858,240
Suppose you inherited $275,000 and invested it at 8.25% per year. How much could you withdraw at the beginning of each of the next 20 years?
A. $22,598.63 B. $23,788.03 C. $25,040.03 D. $26,357.92 E. $27,675.82
Since people make agreements every day, every agreement can be considered a contract
a. True b. False Indicate whether the statement is true or false