An LLP is best suited for what type of business?
a. a business with more than two partners
b. a sole owner who wants to guard against liability
c. a professional practice, such as a legal or accounting group
d. a company with less than 10 employees
c. a professional practice, such as a legal or accounting group
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A company is not required to prepare both a(n)
a. Income statement and statement of stockholders' equity. b. Income statement and statement of retained earnings. c. Statement of stockholders' equity and statement of retained earnings. d. Statement of cash flows and statement of retained earnings.
Amazon creates a unique recommendation listing for each customer that revisits its website. How would you classify Amazon's ebusiness strategy?
A. Information richness B. Personalization C. Mass customization D. Interactivity
Distinguish between inherent risk and control risk. How do internal controls and detection risk fit in?
Which of the following is correct?
a. A copyright can be renewed once it expires. b. A patent can be renewed once it expires. c. A trademark can be renewed as long as the mark is still in use. d. None of the above.