Which of the following is NOT an advantage of a sole proprietorship?
a. It is easy to form and to dissolve
b. It has unlimited liability
c. Profits are taxed as personal income
d. The owner has complete control
e. The owner keeps all profits
b. It has unlimited liability
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________ consists of the factors that have an impact on the definition of the marketing research problem, including past information and forecasts, resources and constraints of the firm, objectives of the decision maker, buyer behavior, legal
environment, economic environment, and marketing and technological skills of the firm. A) The approach to the problem B) Research design C) The environmental context of the problem D) Problem definition
The major federal consumer protection agencies are authorized by law to:
A. Substitute government-mandated standards for decision making by private buyers and sellers. B. Intervene directly into the very center of free market activities, if that is considered necessary to protect consumers. C. Substitute private manufacturing standards for government-mandated standards. D. Both of these answers are correct: Intervene directly into the very center of free market activities, if that is considered necessary to protect consumers; and substitute government-mandated standards for decision making by private buyers and sellers.
Which of the following indicates that the cost of money will increase?
A. Increase in the rate of inflation in an economy B. Increase in liquidity of an asset C. Decrease in federal deficit of a country D. Increase in money supply E. Decrease in tax rates for corporations
According to the Montreal Convention, which of the following is a requirement for the air carrier's liability for death or bodily injury?
a. The injury occurred after take-off and before landing. b. The plaintiff's country of residence signed the Convention. c. The injury occurred on board the aircraft or while embarking or disembarking. d. Both a and b