"Walmart is a low wage firm and this indicates that it exploits its workers" which of the following should cause one to question the validity of this statement?
What will be an ideal response?
No one is required to work for Walmart and therefore, it must attract workers by paying them more attractive wages than they would earn elsewhere
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A proprietorship or partnership can raise funds for expansion in all of the following ways except
A) borrowing from someone or an institution willing to lend the funds. B) taking on a partner or more partners. C) issuing stock through financial markets. D) reinvesting profit back into the business.
In a partnership, debts accumulated by one partner are
A) the responsibility of that partner only. B) the responsibility of that partner plus any partners who are actively involved in running the partnership. C) the responsibility of all of the other partners for the full amount of the debt. D) the responsibility of all of the other partners, up to the total value of the firm.