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BU375 Lecture Notes - Lecture 6: Fail-Safe

Canada

Supply Chain & Operations

Business

Wilfrid Laurier University

Understanding the Business Environment

Business Law

Managerial Accounting

Organizational Behaviour I

Introduction to Marketing Management

Human Resources Management

Introduction to Microeconomics

Economics of the Canadian Banking and Financial System

Intermediate Macroeconomic Analysis for Management

Managerial Statistics

Contemporary Moral Issues

Introduction to Psychology II

Functional Areas of the Organization

Business Decision Models

Introduction to Financial Accounting

<div style="text-align: justify;">Which of the following is normally considered a disadvantage of the corporate form of business?</div>
<div style="text-align: justify;">A) Double taxation.</div>
<div style="text-align: justify;">B) Limited liability.</div>
<div style="text-align: justify;">C) Going concern.</div>
<div style="text-align: justify;">D) All of the above.</div>

<p>The extent to which principals are personally responsible for the debts of the business is which of the following factors?</p>
<p>⭕ Liability</p>
<p>⭕ Management</p>
<p>⭕ Formation</p>
<p>⭕ Taxes</p>

<div>Which of the following is an advantage of the corporate form of​ business?</div>
<div> </div>
<div>A) separation of ownership and management.</div>
<div>B) low​ start-up costs.</div>
<div>C) limited liability of stockholders.</div>
<div>D) less degree of government regulation.</div>

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