Which is an advantage of corporations relative to partnerships and sole proprietorships?
A. Increased difficulty of raising funds
B. Harder to transfer ownership
C. Reduced legal liability for investors
D. Most common form of organization
Answer: C. Reduced legal liability for investors
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The "battle of the forms" is a reference to the insistence by many merchant sellers that customers
sign the seller's standard form contract without modification. Indicate whether the statement is true or false
A linear programming problem has two constraints 2X + 4Y ? 100 and 1X + 8Y ? 100, plus nonnegativity constraints on X and Y. Which of the following statements about its feasible region is TRUE?
A) There are four corner points including (50, 0 ) and (0, 12.5 ). B) The two corner points are (0, 0 ) and (50, 12.5 ). C) The graphical origin (0, 0 ) is not in the feasible region. D) The feasible region includes all points that satisfy one constraint, the other, or both. E) The feasible region cannot be determined without knowing whether the problem is to be minimized or maximized.