In Which of the Following Are the Owners' or Owner's

question 189

Multiple Choice

In which of the following are the owners' or owner's personal assets at risk if the business does not have enough money to pay its liabilities?

• A)sole proprietorship
• B)partnership
• C)corporation
• D)Two of these are correct.

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Definitions:

Net Present Value

The financial difference calculated by subtracting cash outflows’ present value from cash inflows’ present value during a set period.

Sales Quantity

The total volume or number of units sold of a product or service within a specified time frame.

Accounting Break-even

The point at which a project's revenues equal its costs, considering both cash and non-cash expenses.

Variable Cost

Charges that adjust according to the amount of goods produced or sold, like raw materials and labor costs.