A principal who authorizes an agent to enter into a contract with a third party is liable on the contract.
Answer the following statement true (T) or false (F)
True
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Electronic messages as a communication channel would NOT be appropriate for which of the following situations?
a. When you need to send a message to someone outside the company b. When you need to send sensitive or extremely confidential information c. When you need to send one message to several different people d. When you need a quick response to a simple question
5-year Treasury bonds yield 5.5%. The inflation premium (IP) is 1.9%, and the maturity risk premium (MRP) on 5-year bonds is 0.4%. What is the real risk-free rate, r*?
A. 2.59% B. 2.88% C. 3.20% D. 3.52% E. 3.87%
Which of the following forms of business structure provides limited liability for the personal assets of the owners?
A) Sole proprietorship B) General partnership C) LLC D) Partnership by implication E)All of the above provide limited liability.
All of the following statements are true except
A. the net income of C corporation is subject to double taxation because it is taxed at the entity level and dividends paid from the C corporation to individual shareholders is also taxed. B. the net income earned by a sole proprietorship is reported on the owner's individual income tax return. C. the net income of an S corporation is subject to double taxation because it is taxed at the entity level and dividends paid from the S corporation to individual shareholders are also taxed. D. LLCs are generally taxed as partnerships.