What is the major difference between a board of directors and a board of advisors?

The founders of an entrepreneurial business must avoid personally lending money to the business, as such debts are considered to be unsecured investments that need not be paid back, should the business fail.

The cost of a business should include

A firm obtains profits when its sales revenue is higher than its expenses.

The evaluation of a firm starts with 

A program that allows employees to contribute to their retirement on a tax-free basis is 

Attempting a turnaround is the best effort to reverse the decline of a business.

Yummy Bacon Inc. manufactures and sells bacon and sausages in the city of Chicago. To expand its business, Yummy invites interested entrepreneurs to open its branches in a few more cities. It also assures the prospective entrepreneurs that it will provide specific training in marketing and operational methods to all staffs in the new branches. In this scenario, Yummy Bacon Inc. is a 

It is relatively common for new equipment to depreciate in the first year after purchase. What is the typical rate of depreciation of new equipment in the first year?

In the context of cash flow analysis, __________ are a useful measure as a means to evaluate performance when there is a separation between managers and owners.