Which of the following is an advantage of a general partnership?
A) It has an unlimited lifetime.
B) Taxes are levied on a partnership and not on its owners.
C) Expenses required for creating a partnership are low.
D) Ownership interests are easily transferable.
C
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When a team prepares a list of requirements a solution must meet, the team is
A) de?ning the problem B) selecting a solution C) establishing criteria for a solution D) considering possible solutions
Products such as insurance, cemetery plots, and smoke detectors are examples of ________ goods that are products that the consumer does not know about or does not normally think of buying
A) specialty B) unsought C) heterogeneous shopping D) homogeneous shopping E) convenience
A principal is contractually bound to a third party if the agent acts without any authority but the principal ratifies the contract
Indicate whether the statement is true or false
The tax cost of a transaction represents a cash inflow.
Answer the following statement true (T) or false (F)