An advantage of the partnership form of business organization is

A) unlimited liability
B) mutual agency
C) ease of formation
D) limited life


C

Business

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Manufacturing overhead is also referred to as ________.

A) indirect manufacturing costs B) direct manufacturing costs C) prime costs D) period costs

Business

The accounts of Mason Company at the end of the past year report the following amounts: AccountsAmountDividends…….$15,500Revenues……………………………$97,000Expenses…………………………….$43,800Stock issuances……………….....2,000If the beginning equity for the year was $173,000, calculate the ending equity for Mason Company.

What will be an ideal response?

Business

Which of the following statements about store layout is NOT true?

A) A grid layout is more conducive to browsing than a free-flow layout. B) In a typical grid layout, staples are placed in more remote areas. C) Store layout is an element of atmospherics. D) A grid layout is useful for systematically moving shoppers through the retail space. E) A free-flow layout is most often found in specialty stores and department stores.

Business

A typical company's supply chain costs can represent more than ____ percent of assets.

A. 50 B. 80 C. 60 D. 20 E. 35

Business