Slack is the amount of time an activity can be delayed without delaying the project

Which of the following statements is true regarding sole proprietorships?

A. Equity capital from outside sources can be easily raised. B. The proprietor has authority to make management decisions subject to rules set by the Small Business Administration. C. A sole proprietorship located and registered in Florida also may operate in Nevada and Michigan without having to register formally in those states. D. An advantage of the sole proprietorship is its continuation after the proprietor dies.

For tax purposes a life insurance dividend is considered

A) a partial return of premium and is therefore not taxed. B) the same as a stock dividend. C) the same as a capital gain. D) an adjustment to gross income.