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Question
There are no limits on the owner's personal liability in a sole proprietorship.
a. True
b. False
Answer
This answer is hidden. It contains 4 characters.
Related questions
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The motivation to take domestic products to foreign markets is more relevant today than in the past.
a. True
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Increasingly, small firms find that they must locate their operations abroad if they are to keep their contracts as suppliers to large companies.
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A cross-border acquisition is less demanding than a greenfield venture.
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A word, phrase, or image that a user may click on to go to another part of a document or website or to a new document or website
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When a stock sale is restricted to private placement, an entrepreneur can avoid many of the demanding requirements of the securities laws.
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Cameron has applied for a loan to expand his young business. When bankers look for evidence of whether he will be able to repay a loan, they usually base their assessment on
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Qualified small businesses that cannot obtain business loans through normal lending channels can get loans directly from the SBA through its 7(a) Loan Guaranty Program.
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The percentage-of-sales technique is an effective method for a new company to estimate asset requirements because asset-to-liabilities ratios tend to be relatively constant within an industry.
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For Webster to understand how his company performed during calendar year 2012, he must begin with firms financial position on:
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Depreciation is the cost of a firms land and building allocated over its useful life.
a. True
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Liquidity represents the degree to which a firm can meet maturing short-term debt obligations with available working capital.
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Partners always share profits and losses equally.
a. True
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Partners must contribute capital or assets to form a partnership.
a. True
b. False
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Incorporation will not protect a firms owners from liability if it is used to perpetrate a fraud, skirt a law, or commit some wrongful act.
a. True
b. False
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A forecasting method in which all potential buyers in a target markets submarkets are identified and the estimated demand is added up