Which ownership and management alternative is simple to form, fully controlled by the owner, and subject to single taxation by the government?

a. corporation
b. sole proprietorship
c. partnership
d. franchising

b

Business

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Which of the following is one of the benefits of using the balanced scorecard approach?

A) It helps managers avoid using only one measure of performance. B) It avoids using financial drivers so that it can focus on nonfinancial drivers. C) It avoids using nonfinancial drivers so that it can focus on financial drivers. D) It is separate from the strategic management system so that it can focus on financial measures.

Business

Balance sheet assets should be valued at

A) original purchase price. B) replacement value. C) insured value. D) market value.

Business