An entrepreneur who takes unreasonable actions due to a lack of clarity about future events could suffer from ______.
a. deviance
b. inattention
c. lack of ability
d. uncertainty
d. uncertainty
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[APPENDIX] Debbie and Alex formed a new partnership. The partnership agreement specified that income should be allocated in a 2-to-1 ratio, with Debbie receiving the larger portion. If revenue for the first year was $90,000 and expenses were $60,000, how much would be allocated to each partner?
a. Debbie—$45,000? Alex—$45,000 b. Debbie—$20,000? Alex—$10,000 c. Debbie—$60,000? Alex—$30,000 d. Debbie—$40,000? Alex—$20,000
Selected accounting information regarding the Chime Corporation in 2016 follows: Net cash provided by operating activities $900,000 Common stock issued as a result of a stock dividend (fair value) 100,000 Common stock issued for cash 400,000 Proceeds from sale of building 300,000 ? In 2016, Chime should report a net increase in cash of
A) $1,100,000. B) $1,200,000. C) $1,600,000. D) $1,700,000.
Which of the following statements is true of the patent period in the United States?
A. It follows the first-to-file rule. B. The patent term begins to run from the date the patent application is filed. C. The patent term begins to run from the date the patent is issued. D. The patent period for an invention is 17 years.
?When a business sells its stocks or bonds to investors without going through any type of intermediary or financial institution, this process is known as a(an) _____.
A. ?initial public offering B. ?best-effort arrangement C. ?underwriting D. ?direct transfer E. ?primary market offering