Which of the following statements below is correct about a corporation and a partnership?
A. A corporation is legally responsible for its own taxes and debts.
B. Both entities issue shares of stock to owners.
C. A partnership is comprised of two or more owners, whereas a corporation must have only one owner.
D. Owners of both entities are legally responsible for the taxes and debts of the business.
Answer: A
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________ occurs when a company lengthens its product line beyond its current range
A) Product line filling B) Product line stretching C) Co-branding D) Niche marketing E) Market diversification
Price discrimination is permissible if the seller manufactures different qualities of the same product for different retailers and can prove that the price difference is proportional
Indicate whether the statement is true or false
The managers of process operations focus on the series of repetitive processes, or steps, resulting in a noncustomized product or service.
Answer the following statement true (T) or false (F)
________ licensing occurs when two patent holders license each other to use their patents only on the condition that neither licenses anyone else to use his or her patent without the other's consent
A) Parallel B) Congruent C) Counter- D) Cross-