Which of the following statements is CORRECT?
A. One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability.
B. It is generally easier to transfer one's ownership interest in a partnership than in a corporation.
C. One of the advantages of the corporate form of organization is that it avoids double taxation.
D. One of the advantages of a corporation from a social standpoint is that every stockholder has equal voting rights, i.e., "one person, one vote."
E. Corporations of all types are subject to the corporate income tax.
Answer: A
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A clerk reorders 250 items when the inventory falls below 25 items. This is an example of __________________________
Fill in the blank(s) with correct word
Derivatives are financial instruments that derive their value from changes in any of the following underlying securitiesexcept:
a. Stock prices b. Percentage discount on accounts receivable c. Interest rates d. Commodity prices
All of the following are features of a standard cost system except:
a. Standards change as conditions change. b. Variances may be determined more often than monthly to allow for more timely action. c. Standards are based on estimates. d. The company determines the actual cost of manufacturing a unit.
If you receive a job offer while other offers are still pending, which of the following would be least appropriate when asking for a time extension?
A) Explain your continued interest in the job B) Provide specific reasons why you need more time to reach a decision C) Ask for more time to consider the offer D) Assure the reader you will respond by a specific date E) Explain why the pending offer is more intriguing