Alice's Restaurant is a business that is struggling to make a profit. Alice, the sole proprietor, wins the state lottery and becomes a multi-millionaire. She plans to continue to operate the restaurant because she enjoys the work. As her economist friend, the best advice you could give her would be to
A) form a corporation
B) bring in a partner
C) open a second restaurant
D) work under-the-table
E) work more hours
Correct Answer:
Verified
Q112: The owners of a corporation are
A) stockholders
B)
Q113: The first step in forming a corporation
Q114: A share of stock represents a claim
Q115: _ elect the firm's board of directors,
Q116: Which of the following is unique to
Q118: CEO is an abbreviation for
A) corporate executive
Q119: If stockholders allow the company to reinvest
Q120: If the dividend yield is fixed, this
Q121: The first claim on a corporation's after-tax
Q122: In relation to the corporation, its bondholders
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