Which of the following is an advantage of a sole proprietorship?
A. The owner has unlimited liability.
B. The business ceases to exist when the owner dies.
C. There is a limit to the amount one person can borrow.
D. Profits are taxed as individual income.
E. The owner enjoys lack of continuity.
Answer: D
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The cost of equipment might include all of the following except:
A. Installing cost. B. Invoice cost. C. Assembling cost. D. Unpacking damage repair cost. E. Testing cost.
The fourth step in accounting for production activity in a period is to prepare a cost reconciliation, which ________ and ________ costs.
What will be an ideal response?
Cases involving speech which is considered subconscious is often referred to as ______________ and is usually not considered a protected form of speech:
A. Subliminal B. Unconscious C. Defamatory D. Violent
Which of the following is not a type of U.S. patent?
a. Plant patent b. Design patent c. Service patent d. Utility patent