Author Question: Which of the following statements is true regarding the profitability of new businesses? A) It may ... (Read 80 times)

vicky · **on:** Jul 14, 2018

Which of the following statements is true regarding the profitability of new businesses?
A) It may take several years for a new business to begin showing a profit.
B) Profitability is not an important issue for new businesses.
C) Most new businesses will turn a profit within the first year.
D) If a company does not show a profit within the first year, it will fail.
E) Most new businesses are highly profitable when they first start.

Question 2

The board of directors of a corporation usually is elected by
A) bondholders.
B) preferred stockholders.
C) the corporation's board of directors.
D) convertible preferred stockholders.
E) common stockholders.