Researchers have described a "fully developed new firm" with a number of characteristics, including

a. full-time commitment.
b. informal financial support.
c. minimal hiring.
d. plans to hire one or more individuals.


ANSWER: a

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Partners Ken and Macki each have a $40,000 capital balance and share income and losses in a 3:2 . Cash equals $20,000, noncash assets equal $120,000, and liabilities equal $60,000 . If the noncash assets are sold for $60,000, and both partners agree to make up any capital deficits with personal cash contributions, Partner Macki will eventually receive cash of

a. $0 b. $4,000 c. $16,000 d. $24,000

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Ethics is the discussion, determination, and deliberation processes that attempt to decide

a. what is right or wrong. b. what others should do or not do. c. what is considered appropriate in our individual, communal, and professional lives. d. all of the above

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One index of systematic risk is a stock's beta coefficient.?

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

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Determine the price that an individual has to pay for a 3 bedroom, 1,000 square foot house that is located three miles away from the beach

A) $201,422 B) $177,243 C) $243,850 D) $229,198

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