What is a drawback to using the requirement costing method of software and hardware evaluation?
A) Dollar estimates of costs and benefits are not included.
B) Intangible factors such as reliability and vendor support are overlooked.
C) The weights and points used are assigned subjectively.
D) There is no drawback to using the requirements costing method.
Answer: B
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When facts show that great injustice would result from the use of a corporation to avoid personal responsibility, a court will ________________________ and hold owners/shareholders responsible.
Fill in the blank(s) with the appropriate word(s).
Caleb Brown has been the sole owner of a bicycle sales and repair shop for several years. Which of the following business types would limit Caleb's personal liability exposure to the entity's debts?
A) partnership B) limited-liability company C) sole proprietorship D) limited-liability partnership