Boeing is incorporated in Seattle, Washington. It has a large facility in Huntsville, Alabama, and is considered a(n) ____ because it conducts business within Alabama.
A) outsider
B) domestic corporation
C) foreign corporation
D) tax write-off
E) alien corporation
Question 2 - Since furniture and store equipment for Rosalind's Boutique will be held or used for a period longer than one year, they are considered
A) fixed assets.
B) owners' equity.
C) revenue.
D) current assets.
E) prepaid expenses.
Question 3 - When Sara was recognized by the store manager at a store meeting for exceeding all of her past year's objectives and when the announcement of her promotion to assistant store manager was made, which need of hers was filled?
A) Safety
B) Physiological
C) Social
D) Esteem
E) Self-actualization
Question 4 - Which of the following statements is true of the impact of federal regulations on entrepreneurship?
A) Extensive regulations can impede entrepreneurship.
B) Lack of regulations can stop entrepreneurship from thriving.
C) Entrepreneurs owning small businesses are in favor of strict regulations.
D) Regulations and entrepreneurship are not interdependent.
Question 5 - In the state in which it is incorporated, a business is known as a(n)
A) S-corporation.
B) resident corporation.
C) public corporation.
D) foreign corporation.
E) domestic corporation.
Question 6 - A prepaid expense would be classified as
A) an expense.
B) an unearned revenue.
C) a liability.
D) an asset.
E) cost of goods sold.
Question 7 - A sense of belonging is a characteristic of which need level?
A) Social
B) Esteem
C) Self-actualization
D) Safety
E) Physiological
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