A ________ is a legal entity completely separate from the entities who own it.
A. Corporation
B. limited liability partnership
C. sole proprietorship
Ans: A. Corporation
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For a 3-sigma x-bar chart where the process standard deviation is known, the upper control limit:
A) is 3? below the mean of sample means for a 3? control chart. B) is 3? above the mean of sample means for a 3? control chart. C) is 3?/ below the mean of sample means for a 3? control chart. D) is 3?/ above the mean of sample means for a 3? control chart. E) cannot be calculated unless the average range is known.
Which of the following is the initial and most important step in the preparation of pro forma
financial statements? A) Determine the rate of interest that will be required for borrowed funds. B) Estimate the levels of investment in current and fixed assets. C) Project the firm's sales revenues for the planning period. D) Approximate the cost of raw materials.