QUESTION 1 Which of the following would not be an example of a business which is primarily a merchandiser? O a. Target b. Amazon c. Walmart O d. General Motors QUESTION 2 Which of the following is a true statement about corporations? a Corporation ownership is divided into shares of stock. b. Corporations experience more difficulty than proprietorships in obtaining large shares of stock. Oc Corporations are not organized as separate legal taxable entities. d. Investors in corporations have unlimited liability QUESTION 3 emphasis while Motel 6 operates The Ritz Carlton and Motel 6 are both hotel providers. The Ritz Carlton operates with a with a emphasis a. premium price; premium price b. low cost low cost c. low cost premium price d. premium price: Low cost QUESTION 4 When a business owes money, the financial term is called a(n): a. asset b.revenue O c. liability d. expense QUESTION 5 The difference between the amount of assets owned by a business and the amounts owed is called: earnings liabilities equity gross profit QUESTION 6 is the increase in assets from selling products and services. a. Liability b. Equity c. Expense O d. Revenue