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One of the characteristics of the form of business ownership known as an LLC is that this kind of business can last indefinitely it is required to have at least three owners (members) the IRS collects taxes based on the LLC's gross income the owners' personal property cannot be taken to pay the business's debts

If all of the individuals who own a business share unlimited liability for the business's losses, these individuals are part of a(n) "s" corporation general partnership private corporation. "C" corporation

ARTICLE: 10 Reasons to Open a Checking Account You might be wondering why you even need a checking account. Why not just deal in cash? Skim the 10 reasons in this article and their descriptions. Then answer the questions. 1. Which 4 reasons to open an account would benefit you personally, the most? Keeping your money safe More options for paying Easier to deal with checks Makes paying bills easier Makes a paper trail to track your money Ability to get cash from an ATM 2. What is the benefit of making sure your account is FDIC/NCUA insured?

27. Initial Public Offerings (IPOs) occur in the: A. Secondary market B. Primary market C. Derivatives market D. Foreign exchange market

Profit maximization occurs when marginal cost exceeds marginal revenue fixed costs equal variable costs marginal cost equals marginal revenue fixed costs exceeds variable costs