Author Question: Jake owns and operates a small store that sells relatively few items. His store is open 24 hours a ... (Read 111 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?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

For a complete list of videos, visit our video library