Carl, Anne, and Al were friends in college. After graduation they decided to open a company
that sells computer printer ribbons and cartridges. They each have $20,000 to put into the
business, and want equal shares of the business.
They are not worried about liability because
they are not actually going to work on printers or going to work in their customer's place of
business. They also want to avoid double taxation. The most likely form of business organization
for them would be a
A) limited partnership.
B) partnership.
C) Subchapter S corporation.
D) corporation.
E) sole proprietorship.
C
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A broker's listing expired and the 90 day protection period has ended. Several weeks later the broker finds a new ready, willing and able buyer. Is the listing broker due a commission?
A. Yes, the buyer was ready, willing and able B. yes, if the seller accepts the offer C. No, the broker's listing agreement has expired D. No, the buyer did not buy within the protection period.
Using one's own culture as a standard for judging other cultures is known as ________
A) anthropocentric orientation B) ethnocentric orientation C) geocentric orientation D) polycentric orientation