A corporation is a legal entity
A) held jointly by its owners and management.
B) separate from its owners.
C) formed by the laws of the U.S. Department of Commerce.
D) under the laws established by the SEC.
B
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Which of the following is a fatal mistake entrepreneurs can make when doing their venture concept reality check research?
a. Talking to too many target customers b. Failing to talk to that magic number of 100 customers c. Failing to gain target customer insight with regard to the go-to-market aspects of the venture d. Failing to talk to all competitors
Elmwood Company has identified seven activities as part of its manufacturing process and chosen corresponding activity drivers for each activity. The chart below lists the total cost of each activity, the amount of activity driver used for each of Elmwood's two products, the activity rate, and the activity cost assigned to each product. Fill in the blanks below:ActivityCostActivity DriverDriver UsageActivity RateActivity Cost: Prod. 1Activity Cost: Prod. 2???Prod. 1Prod. 2???Design$20,000Design time1,600 hours2,400 hoursa.b.c.Preparation$12,000Labor hours3,000 hoursd.e.$6,000f.Machining$45,000Machine
hoursg.h.$9.00/hour$27,000i.Finishingj.Batches100150$100/batchk.l.Inspectionm.Unitsn.o.$4/unit$8,000$6,000Packagingp.Ordersq.50$90/order$13,500r.Shipping$5,000Packages70s.t.u.$1,500 What will be an ideal response?
Which of the following remains Shure's flagship product to this day?
a. Hands-free cell phones b. Mixers c. Microphones d. Digital signal processors
Depending on the nature of the expenditure, expenses incurred in a trade or business may be deductible for or from AGI
a. True b. False Indicate whether the statement is true or false