Which of the following statements is incorrect regarding sole proprietorships?
A) There is one owner.
B) Sole proprietor is in full control.
C) Business ends at the owner's death or loss of interest in the business.
D) Liquidity of the investment is high.
E) Money must be raised by the sole proprietor.
D
Business
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An FI can hold assets denominated in a foreign country, but it cannot issue foreign liabilities.
a. true b. false
Business
When you request an adjustment, asking the company to assess your claim and then propose a fair solution to the problem is
A) a waste of time. B) effective with small companies only. C) always more effective than proposing a solution of your own. D) helpful when you are uncertain about the exact nature of the problem. E) feasible only if you have hired legal counsel.
Business