A client of your firm has a landscaping business. He has no partners, and he has never incorporated
He is operating:
A) a sole proprietorship.
B) a limited liability corporation.
C) a corporation.
D) an S corporation.
A
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As used in accounting, the "Notes to the Financial Statements" should be:
a. Listed with the liabilities on the balance sheet b. Omitted at the option of the company c. Included as an integral part of the financial statements d. Reported as expenses on the Income Statement
Which of the following statements is true?
A. Paraphrasing is repeating the speaker’s words. B. Usually, speakers paraphrase to check the listener’s understanding. C. A paraphrase reflects the underlying attitudes or emotions of a message. D. Paraphrasing is not useful for strengthening the speaker–listener relationship.
Which of the following is true about union members' participation in the governance of their unions?
A. Union members are more active at the national level than at the local level. B. Union members are more active at the local level than at the national level. C. Union members are highly active at both the national and local levels. D. Union members participation rates are low at both the national and the local levels.
Profit responsibility refers to
A. the duty of a firm to maximize profits for its owners or stockholders. B. the view that an organization has an obligation to those who can affect the achievement of its objectives. C. the idea that organizations are part of a larger society and are accountable to that society for their actions. D. the obligation of a firm to price its products or services at a level whereby the consumer is treated fairly and the firm is still able to make a profit. E. the concept that no expansion or additional research and development will occur until a company is making a profit.