An owner of a C corporation is called a _____.
A. director
B. sole proprietor
C. stockholder
D. chief executive officer
Answer: C
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Which of the following best describes a major source of secondary information on market segments?
A) primary data B) behavioral data C) syndicated data D) focus group data
A corporation is:
A. Controlled by the FASB. B. Not subject to double taxation. C. Not responsible for its own acts and own debts. D. The same as a limited liability partnership. E. A business legally separate from its owners.
Which of the following statements is false?
a. The break-even point will increase if fixed cost increase. b. C-V-P analysis cannot be used to determine the activity level needed to achieve a certain amount of profits. c. C-V-P analysis can be used to determine the level of activity needed to achieve a specific before tax profit. d. Managers often want to include taxes in their analysis in order to determine an after tax level of income.
The following information is available regarding Grace Smit's capital account in Enterprise Consulting Group, a general partnership, for a recent year: Beginning of the year balance$30,000?Share of partnership income$10,500?Withdrawals made during the year$6800?What is Smit's partner return on equity during the year in question?
A. 12.3% B. 33.0% C. 31.2% D. 51.3% E. 11.6%