The advantages of the partnership form of business organization, compared to corporations, include
A. Difficulty of formation.
B. Limited liability.
C. Single taxation.
D. Ease of raising capital.
E. Mutual agency.
Answer: C
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U.S. GAAP defines the primary measurement of the pension liability of the pension plan as the projected benefit obligation (PBO)—the future value of the amount the pension plan expects to pay to employees during retirement based on accumulated service but using the level of salary expected to serve as a basis for computing pension benefits
Indicate whether the statement is true or false
General Automotive, a car manufacturer, purchased Bluestone Motors, its competitor, and thus eliminated the competition at its level in the industry. This is an example of ________
A) a vertical merger B) a horizontal merger C) market diversification D) market penetration
Being flexible, adaptable, and open minded when working with others helps you avoid critical thinking.
Answer the following statement true (T) or false (F)
In the context ofcustomer relationship management (CRM), a firm selling a high-ticket product to a small customer base is most likely to:
A. pursue a full partnership with each of its key clients. B. develop a limited relationship with its customers. C. focus less on customer service. D. exclude its customers from the key aspects of the product development process.