Limited liability is an advantage of the sole proprietorship

Indicate whether the statement is true or false.

Answer: FALSE
Explanation: UNLIMITED liability is a DISADVANTAGE of the sole proprietorship.

Business

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All available-for-sale investments are reported as long-term assets on the balance sheet

Indicate whether the statement is true or false

Business

Companies who balance ethics, social responsibility, and financial performance will likely

A. have a positive reputation and loyal customers. B. pay below market wage, but have happier employees. C. have fewer employees. D. have trouble meeting shareholder dividends even though they are seen as a good company.

Business