A business owned by a single individual who is fully liable for its debts is called

Credit cards are not a form of money because

A) money needs to be tangible (not virtual). B) credit cards just extend a loan. C) credit cards just relate to an account. D) credit card balances are in fact counted as money.

Which of the following is TRUE?

a. Maximizing division profits always leads to maximizing company-wide profits b. Managers of profit centers are not given any discretion in their decision making c. Profit centers often largely run by themselves without a lot of executive oversight d. A manager being rewarded on division revenues has no incentive to make good decisions for his division