When repaying an amortized loan, the interest payments increase over time due to the
compounding process.
Indicate whether the statement is true or false
FALSE
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Secondary stakeholders include all of the following except:
A) media. B) employees. C) local community groups. D) nongovernmental organizations. E) general business community.
An employee recently bought three new cars and remodeled his/her home. These facts would be considered as a:
a. lifestyle symptom. b. spending addiction symptom. c. extravagant behavior symptom. d. financial symptom.
In order to obtain desired results, one sales training program should be used for everyone so that consistency is promoted among the sales staff.
Answer the following statement true (T) or false (F)
Debra wanted to form a partnership with Lawrence. He agreed and they became co-owners in an equal partnership. This year, after expenses, the partnership had a profit of $200,000 . How will the taxation of this profit be handled?
a. Since the partnership was Debra's idea, she will pay income tax on the profit on her personal tax return. b. The business will pay half of the tax liability and Debra and Lawrence will pay the other half. c. Debra and Lawrence must both pay tax on the business's profit. d. The business itself will pay the taxes on the business's profit.