BMAN 10 and 11

Financing the business is one of the responsibilities of the business owner.

• True

• False

Corporations usually have a tax advantage over partnerships.

• True

• False

In a partnership, if one partner is unable to pay his or her portion of the business’s debts, the other partners must pay it.

• True

• False

A corporation is an artificial person who can make contracts, borrow money, sue and be sued.

• True

• False

A nonprofit corporation pays small dividends to shareholders.

• True

• False

Competitive pricing causes less efficient companies to struggle for survival.

• True

• False

It is legal to publish copyrighted work without permission of the copyright owner.

• True

• False

The Nike “swoosh” is legally trademarked and cannot be used by anyone without Nike’s permission.

• True

• False

Businesses are required by law to recall, repair, or stop selling defective products.

• True

• False

Cookies are files created by some websites that track customers on the Internet to identify their marketing preferences.

• True

• False