The disadvantages associated with a proprietorship are similar to those under a partnership. One exception to this is the formal nature of the partnership agreement and the commitment of the partners' personal assets. As a result, partnerships do not have difficulty raising large amounts of capital.?
Answer the following statement true (T) or false (F)
False
Even though partnerships have greater capabilities than proprietorships to raise funds to support growth, partnerships still have difficulty in attracting substantial amounts of funds. See 1-2: Alternative Forms of Business Organization
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When talking to the young man buying his first new car, the salesperson said, "I'm not sure if we have an FM Modulator to fit your car. Would you want it if we have it in stock?" The salesperson is using a(n) ________ close.
A. standing-room-only B. minor-points C. probability D. balance sheet E. assumptive
If you lose your place during a presentation, refer briefly to your notes
Indicate whether the statement is true or false
Corporations are forbidden by law to enter joint ventures.
Answer the following statement true (T) or false (F)
A declining fixed asset turnover ratio suggests that a:
A. company's net sales must be increasing. B. company's beginning fixed asset balance must be greater than its ending fixed asset balance. C. company is not as efficient in using its fixed assets as it was in previous periods. D. company must have purchased some intangible assets.