In the context of small firms, explain the terms equity and stock.
What will be an ideal response?
Equity is an owner's share of the assets of a company. For proprietorships and partnerships the claim on the assets of a firm is that they are the same as the owner's personal assets. Equity financing in a corporation is evidenced by shares of either common or preferred stock.
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In comparison to trailing-edge boomers, leading-edge boomers spend a higher proportion of their income on non-discretionary items.
Answer the following statement true (T) or false (F)
Why is the development of sales territories inefficient for some companies?
What will be an ideal response?
The Family and Medical Leave Act:
A) applies to private employers with 5 or more employees. B) applies only to non-governmental employers. C) allows up to twelve weeks per year of leave for childbirth, adoption, or serious health conditions of a spouse, child, or parent. D) states that the leave must be paid leave.
A unilateral mistake of fact is typically grounds for avoiding a contract
Indicate whether the statement is true or false