Which of the following is true about choosing a limited liability company form of ownership?
A) It has no disadvantages except its newness.
B) It is ideal for a new company but difficult to convert to with an existing company.
C) It is inexpensive, easy to form, and covered by little regulation due to its newness.
D) It's an excellent conversion vehicle for existing businesses that are suffering from double taxation but problematic for sole proprietorships.
Answer: B
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People in countries with high Power Distance believe that power should be shared equally.
a. true b. false
Derek was the manager and head of Mizokka Inc. He was a dynamic, charismatic leader and a great motivator. When he announced his retirement, most of the employees were disappointed and believed that the organization would no longer remain the same. Derek also announced that he would be replaced by an experienced leader who will be joining them from another organization. This news was not received well by most employees. Since Derek was well liked by his employees, which of the following is most likely to ensue on the arrival of the new leader?
A. The productivity is likely to increase. B. The sourcing avenues are likely to rise. C. The turnover is likely to increase. D. The company shares are likely to rise