Laurie is incorporating her business. Laurie's home state is Wisconsin. Business will be conducted in California, Michigan, Pennsylvania, and Virginia. Laurie:
a. must incorporate the business in Wisconsin, the home state.
b. must incorporate the business in Wisconsin, California, Michigan, Pennsylvania and Virginia.
c. must incorporate in Delaware.
d. can incorporate the business in any state.
d
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For every unit that a company produces and sells above the breakeven point, its profitability is improved (ignoring taxes) by the unit's
a. gross margin. b. selling price minus fixed cost. c. variable cost. d. contribution margin.
People who view nonprofit organizations as social institutions portray nonprofit managers as ______.
A. leaders with strong business backgrounds B. servants of society C. capitalists D. heroes
Which of the following findings would support the naive-investor hypothesis?
a. A finding that security prices respond to income levels that differ solely because of alternative accounting methods with no cash flow consequences. b. A finding that security prices do not respond to artificial book-income differences. c. A finding that security prices do not respond to the adoption of LIFO for accounting for inventories and cost of goods sold. d. A finding that security prices do not respond to a change in reported accounting earnings from the prior year.
A retail strategy can be best defined as _____
a. the selection and appeal to a specific retail target market b. short-run activities conducted by a retailer to meet or exceed its retail objectives c. the overall plan guiding a retail firm d. a plan to reduce retail costs