BUS101 Economics terms (busi,econ) 106

BUS101 Economics terms (busi,econ) 106 - • • Question...

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When two companies in completely unrelated industries combine, the result is called a(n): Answer Selected Answer: conglomerate merger. Question 21 0 out of 5 points When preparing the executive summary section of a business plan, it is important to remember that: Answer Selected Answer: an accountant should prepare the financial information that is included in the executive summary. Question 22 5 out of 5 points When a sole proprietor dies, the business: Answer Selected Answer: may be taken over by the sole proprietor's heirs.
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Unformatted text preview: • • Question 23 5 out of 5 points • • • • Jamie and Maria invested all their savings in a small pizzeria they opened outside the University of Western Kentucky. They operated the business as a general partnership. After 11 months the business went broke and Jamie and Maria were left with outstanding bills of $37,500, which is more than their investment in the company. Jamie and Maria can: Answer • Selected Answer: • lose their personal assets as the result of their company's Fnancial problems....
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