Charles and Ellen, an unmarried couple, run an ice cream store. The business is not incorporated and they have filed no formation papers with the state. Their business is a
A)sole proprietorship.
B)partnership.
C)franchise.
D)limited liability company.
Question 2
Countries A and B both produce coffee. Both countries belong to GATT. Country A imports coffee from B. Once B's coffee enters A's stream of commerce, under the national treatment provisions of GATT:
A) country A cannot subject B's coffee to higher internal taxes or charges than its domestic coffee.
B) country A may now charge higher internal taxes or charges on B's coffee in order to discourage coffee drinking since the goods have already passed the border.
C) country A cannot subject B's coffee to any internal taxes or charges, even if it does so to domestic coffee.
D) none of the above is correct.
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Business Mathematics in Canada, 11e (Jerome, Worswick)