Pauline is a certified financial planner. She has chosen to set up her business such that she has the tax benefits of a sole proprietorship—one level of tax—and is free of having to worry about annual reports and shareholder requirements

What kind of company does Pauline run?
A) a B corporation
B) a C corporation
C) an S corporation
D) a limited liability company
E) a cooperative

Answer: D

Business

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Geert Hofstede added the dimension of indulgence to the World Values Survey to refer to:

a) a society that allows relatively free gratification of basic and natural human drives related to enjoying life and having fun b) attitudes towards time, persistence, ordering by status, protection of face, respect for tradition, and reciprocation of gifts and flavors c) a society that suppresses gratification of needs and regulates it by means of strict social norm d) the extent to which different cultures socialized women into tolerating uncertainty

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Liquidation bankruptcy or straight bankruptcy is also known as:

A) Chapter 7. B) Chapter 11. C) Chapter 13. D) Chapter 15.

Business