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- Which of the following is not a reason a company would be willing to accept new business at a loss? A.) The company has the expectation that certain customers can influence other potential customers. B.) The company has the expectation that it will make up for it in later years and has the expectation that certain customers can influence other potential customers. C.) The company has the expectation that its estimates will prove incorrect and that the business will result in a profit. D.) The company has the expectation that it will make up for it in later years.Financial accounting information ________. A. should be incomplete in order to confuse competitors B. should be prepared differently by each company C. provides investors guarantees about the future D. summarizes what has already occurredWhat interpretation can be made from this equity figure? a.It is a negative figure, so theoretically speaking, the business is solvent. b.It is a negative figure, so theoretically speaking, the business is bankrupt. c.It is a positive figure, so theoretically speaking, the business is bankrupt. d.It is a positive figure, so theoretically speaking, the business is solvent.
- Which of the following is NOT normally regarded as being a good reason to establish an ESOP? a. To help retain valued employees. b. To increase worker productivity. c. To make it easier to grant stock options to employees. d. To enable the firm to borrow at a below-market interest rate. e. To help prevent a hostile takeover.Which of the following is an advantage of a sole trader as a form of business organisation? Select one: a. The life of the business is limited to the life of the owner. b. It is relatively easy and inexpensive to set up. c. The owner is not liable for the debts of the business. d. Large amounts of capital can be raised from non-controlling investors.Market risk is A) the risk of bad business strategy or management decisions being made B) the risk that a company will be unable to meet its financial obligations C) the risk of not being able to close out your position quickly and at a fair price D) the risk of prices going up or down E) also known as inflation risk
- Respond to Jerry’s criticism that shareholders’ equity does not represent the marketvalue of the company. What information does the balance sheet provide?Profit maximization pupose cannot be an ideal basis for making business decision because of _________ a. Focus only on Accounting Profits b. Failure to consider risk c. Lack of time dimension d. All of the aboveRespond Anna's criticism that shareholders’ equity does not represent the market value of the company
- Which of the following terms refer to the situation in which a firm has negative net worth? Multiple Choice Legal bankruptcy. Liquidation. Accounting insolvency. Technical insolvency. Business failure.Business risk is A) the risk of bad business strategy or management decisions being madeB) the risk that a company will be unable to meet its financial obligationsC) the risk of not being able to close out your position quickly and at a fair priceD) the risk of prices going up or downE) also known as inflation riskCompare the advantages and disadvantages of a sole trader with a company as a choice of business structure. In your answer, you must refer to Salomon v Salomon & CoLtd Case