Which of the following forms of business offers limited personal liability and alsothe choice to be taxed as either a corporation or as a partnership?
?
A. Limited liability partnership
B. Limited liability company
C. Corporation
D. Sole proprietorship
E. Partnership
Answer: B
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Technical skill is a necessary and sufficient condition for hiring an employee.
Answer the following statement true (T) or false (F)
Which of the following makes a security interest created under Article 9 a floating lien?
a. The provision that, unless otherwise agreed, a security agreement gives the secured party a security interest in the proceeds if the collateral is sold, exchanged, collected, or otherwise disposed of. b. The provision that, unless otherwise agreed, a security agreement fails to give the secured party a security interest in the proceeds if the collateral is sold, exchanged, collected, or otherwise disposed of. c. The provision that, unless otherwise agreed, interest rates will vary depending on the prime rate of interest. d. The provision that, unless otherwise agreed, the parties will not sell, exchange, collect, or otherwise dispose of property and that if such an action is taken, all sums owed become immediately due.
To grow cranberries, Eva used a wet area on her property. When cranberries were linked to cancer and the market for cranberries collapsed, Eva wanted to drain the wet area to be able to raise goats because goat cheese is popular. To make this change Eva must:
a. obtain permission from the state of Massachusetts to stop growing cranberries b. obtain permission from the Department of Agriculture to stop growing cranberries c. obtain a license from the Department of the Interior to develop a goat farm d. obtain a permit from the U.S. Army Corps of Engineers e. Eva does not need to do anything; she may change her farm however she wants
A trader who simultaneously bought Swiss francs in New York for .9772 and sold them in Zurich for .9774 would be practicing
A) simple arbitrage. B) inside trading. C) compound arbitrage. D) parity exploitation.