To form an LLC, both a charter and an operating agreement must be filed with the Secretary of State in the jurisdiction where the business will operate

Price is the most visible cost of any purchase. List the seven types of non-price life-cycle costs. How can an understanding of these costs enable a business to charge a higher price than the competition?

What will be an ideal response?

If spouses open a bank account with right of survivorship and one spouse dies, the funds in the account:

A) are immediately frozen until the will is probated. B) pass in total and immediately to the remaining spouse. C) pass immediately in a proportionate share to the surviving spouse. D) automatically assume the status "tenants in common."