Ease and cost of formation have little to do with the selection of the form under which a

business should operate.

Indicate whether the statement is true or false

FALSE

Business

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In the United States, you can own anything you want and decide what you want to do with it, as long as it does not violate the law. This describes the principle of

a. scarcity. b. competition. c. the command economy. d. the right of private property.

Business

If a customer is wrongfully suspected of shoplifting and is held for five hours even when there is no evidence of shoplifting, the merchant may be sued for:

A) false imprisonment. B) defamation. C) slander. D) negligence.

Business