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cdsuavet cdsuavet
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6 years ago
When a large company downsizes, some of the middle-aged and older workers who are laid off find it difficult to get another job. When such workers decide to start their own businesses, they are known as _____.
 A) welfare recipients.
  B) necessity entrepreneurs.
  C) post-retirement workers.
  D) baby boomers.


Question 2 - As a limited partner in a construction business, Joe
 A) has input only on major company decisions.
  B) contributes only his time and not his money.
  C) does not receive any portion of the profits.
  D) only risks his initial investment.
  E) cannot lose his investment in the partnership.


Question 3 - If the assets of Martin's Pet Store are 107,000 and the owners' equity is 75,000, which of the following is a correct statement?
 A) The owners' investment equals 182,000.
  B) The current assets are worth 32,000.
  C) The new income for the period is 32,000.
  D) The long-term liabilities are 75,000.
  E) The liabilities are 32,000.
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Farloo014Farloo014
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6 years ago
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cdsuavet Author
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6 years ago
Thank you
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