Author Question: Jake owns and operates a small store that sells relatively few items. His store is open 24 hours a ... (Read 183 times)

Garrulous

  • Hero Member
  • *****
  • Posts: 686
Jake owns and operates a small store that sells relatively few items. His store is open 24 hours a day, and most of his customers live very close to the store. Jake owns a:
 A) supermarket.
  B) discount store.
  C) specialty store.
  D) convenience store.
  E) single-line retail store.

Question 2

In terms of business ownership, unlimited liability means:
 A) there is no limit on the amount an owner can borrow.
  B) creditors will absorb any loss from nonpayment of debt.
  C) the business can borrow money for any type of purchase.
  D) the owner is responsible for all business debts and legal liabilities.
  E) stockholders can borrow money from the business.



LegendaryAnswers

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

D

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

For a complete list of videos, visit our video library