The focus of Six Sigma teams is only to address immediate problems
a. True
b. False
Indicate whether the statement is true or false
False
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A partnership liquidation occurs when
a. a new partner is admitted b. a partner dies c. the ownership interest of one partner is sold to a new partner d. the assets are sold, liabilities paid, and business operations terminated
GAAP requires a disclosure that reconciles a company's effective income tax rate and the U.S. statutory income tax rate.
Answer the following statement true (T) or false (F)
Nordstrom’s employee handbook is a single page.
a. This is insufficient to help create organizational culture. b. This was originally a mistake, but it was kept so that there would not be a lot for employees to remember. c. This will most likely create a culture gap. d. This page says only: Use your good judgement in all situations. There are no other rules.
Answer the following statement(s) true (T) or false (F)
12. As a sole proprietorship, the owner is held personally liable for any problems the business incurs. 13. Fair use is a clearly defined area in U.S. law with absolute rules and boundaries. 14. A sole proprietorship is rarely the correct choice of legal structure for startups. 15. In a general partnership, if one partner is responsible for running the company into the ground, the other partner is not considered liable. 16. In a C corporation, the shareholders, not the corporation, are legally liable for a company’s actions. 17. Both the C-corp and the S-corp have to deal with double taxation, as there are two levels of tax to pay for both types of legal structures. 18. A disadvantage of a C corporation is that it cannot survive after the demise of its owners.