Real interest rates were negative during most of the

Answer the following questions true (T) or false (F)

1. When a business is set up as a partnership, the owners of the business face unlimited liability. 2. The only type of business that faces unlimited liability is a sole proprietorship. 3. In the United States, partnership profits are taxed at the business level and then are taxed again as personal income in the form of dividend payments.

Which of the following would be considered an implicit cost of operating a business?

A) shipping expenses B) Social Security contributions for employees C) the resale value of delivery vans the company owns and uses for its deliveries D) interest payments on a loan