Which of the following legal forms of organization has the ease of dissolution?

A) sole proprietorships
B) partnerships
C) limited partnerships
D) corporations


A

Business

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In the case of ________, consumers dislike the product and may even pay a price to avoid it

A) nonexistent demand B) overfull demand C) irregular demand D) negative demand E) declining demand

Business

The focus of ASC 740 is on the income statement.

Answer the following statement true (T) or false (F)

Business

In a world of instant communication, rapid transportation, and governments that are increasingly willing to open up their markets to trade and investment, why are there so few global firms?

What will be an ideal response?

Business

The ________ ratio may indicate poor collections procedures or a relaxed credit policy

A) average payment period B) inventory turnover C) average collection period D) quick

Business