A business enjoyed a profit and positive cash flow last year. An increase in which of the following this year, all else the same, would not affect profits but reduce cash flow?

Before volunteering someone's name as a reference, always

A) assume you have permission to do so. B) ask that person's permission. C) describe your relationship with that person. D) list that person's address and phone number for ease of contact. E) explain that you're not really sure what they will say about you.

The biggest disadvantage of a proprietorship is that it has limited liability

Indicate whether the statement is true or false