The leaders of the organization need not always consider themselves role models for their employees.
A) True
B) False
Answer: B
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Entrepreneurship Chapter 8
- The leaders of the organization should not consider themselves role models for their employees.
- The limited liability company is not automatically taxed as a partnership.
- In a ______, bonds can be used to raise capital.
- _______ distribute profits to owners through dividends.
- A sole proprietorship is dissolved in the event of the owner's death.
- The least expensive form of ownership to start is a:
- A limited liability corporation:
- Which of the following ways of distributing the income of corporations is taxed twice?
- In a(n) ______________________, only one class of stock is permitted.
- The board of advisors:
- The proprietor is not personally liable for any aspects of the business.
- A board of advisors has less decision making authority than a board of directors does.
- The most attractive type of business formation for raising capital is partnership.
- In an S corporation capital gains or losses from the corporation are treated as personal income or losses.
- Investors usually insist that the management team not operate the business as a part-time venture.