Question
9.The majority of U.S. businesses are conducted as a.partnerships. b.sole proprietorships. c.corporations. d.limited liability companies. 10.Franchise operations a.are regulated by federal and state law. b.are
9.The majority of U.S. businesses are conducted as a.partnerships. b.sole proprietorships. c.corporations. d.limited liability companies.
10.Franchise operations a.are regulated by federal and state law. b.are regulated exclusively by federal law. c.are regulated exclusively by state law. d.are regulated exclusively by contract between the franchisor and the franchisee.
11.The Uniform Partnership Act a.governs the operation of general partnershps. b.governs the operation of general partnerships in the absence of express agreement between the partners. c.is preempted by federal law in certain states. d.is a statute and includes no common law.
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Intermediate Accounting 2007 FASB Update Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
12th Edition
0470128763, 978-0470128763
