Bhat and Cho do business as Day Glow Paints, a partnership. In most states, for the purposes of collecting judgments and having accounting performed, this firm would be treated as
A. a combination of individuals.
B. a proprietorship.
C. an independent entity.
D. an aggregate.
Answer: C
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Which of the following statements about compensation is true?
A. The recovery should compensate only the original loss and need not necessarily give any additional value. B. Customers should feel that the organization has suffered an equal loss. C. The value or degree of the compensation should equal the customer's loss only in terms of energy or frustration. D. Compensation should be provided only when a customer demands it.
The formula for the variance of the duration of an activity is ______.
a. the square root of [1/6(b – a)] b. [1/6(a – b)] raised to the power of 2 c. [1/6(b – a)] raised to the power of 2 d. the square root of [1/6(a – b)]
Specific disease and accident insurance policies are usually
A) good buys, providing specific coverage at a low cost. B) expensive but desirable components of your health care coverage. C) poor buys, duplicating coverage provided by more necessary comprehensive insurance. D) recommended by financial planners for those with low incomes.
If the total asset turnover ratio is less than one, then the average total assets are not generating
enough sales. Indicate whether the statement is true or false