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When establishing a new business, deciding on the form of business ownership has an impact on many aspects of the business.  The form of business structure with typically the greatest potential for agency problems is the __________________________.

Melissa’s Boutique is a small business in the 21 percent tax bracket.  The business had sales in 2019 of $820,000.  During the year, costs were $540,000 and interest expense was $36,000.   Melissa’s Boutique had depreciation expense of $59,000.  What was the net income for Melissa’s Boutique in 2019?

Type your listening answers here. Start by numbering your answers in the following way: 1. 2. 3. and so on.  

During the Warring States Period in China, one of the largest and westernmost states won the nearly 200-year civil conflict. Following its victory in the war, it founded a short-lived but important dynasty known as [BLANK-1].

A fifth-century group of Athenian thinkers were known as [BLANK-1]. This group is an example of the cultural flowering of the Athenian polis during the Hellenic Period. They applied philosophical speculation to politics and language. These thinkers questioned the beliefs and laws of Athens and they believed that excellence in politics, language, and rhetoric could be taught. They provided lessons (for a fee) to young Athenian men who wished to learn how to persuade others. Socratic thinkers and other contemporaries were contemptuous of this group, who they accused of caring more about rhetoric than reason. They also depicted them as a money-making scam.

Part 2 Short Answer ID Terms (30%): A short answer ID should briefly address the basic journalistic questions: who or what, when, where, and why. Each answer should be a coherent paragraph of at least 4-5 sentences. Be sure to discuss the historical significance – this is the most important part of your ID term. Do not leave any portion of the five options you choose blank – it is best to write something, even if you must guess somewhat. Partial credit is better than nothing.Answer FIVE (5) of the following terms:AchillesAshokaChinese CosmologyDaoismHammurabi’s CodeNefertitiThe Osiris MythThe Peloponnesian WarPericlesVardhamana Mahavira

[BLANK-1] is defined as a large political unit, expansionist or with a memory of power extended over space. It is a polity that maintains distinction and hierarchy as it incorporates new people into it. This polity declares the non-equivalence of multiple populations. The concept of this political unit presumes that different peoples within the polity will be governed differently.

Part 3 Essay Question (40%): Your essay should have an introduction with a clear and specific thesis, a body with evidence, and a conclusion that reinforces your central argument. Select the option you feel the most comfortable with and answer it to the best of your ability. You may find it helpful to write out a brief outline of the essay before you begin writing.Choose ONE (1):Describe the reign of Sargon. How did he come to found the world’s first empire and what was that empire? In what ways did Sargon incorporate the culture of conquered peoples into his empire? How did he legitimize his rule? What challenges did he face?Despite the absence of sustained political unity, what allowed for some level of cohesiveness among Indian society? What cultural elements loosely unified the subcontinent? What role did the environment play in terms of allowing Indian cultures to flourish?Compare and contrast Ancient Greece’s two greatest poleis: Athens and Sparta. In what ways were these societies similar and in what ways did they differ? Describe how these city-states came into conflict with one another during the Peloponnesian War.  What issues led to this conflict and which group ultimately emerged victorious?

[BLANK-1] is defined as a group of people in a single territory constituting itself as a unique political community. It has borders, boundaries, laws, and customs and a government capable of enforcing these things. The government maintains a monopoly on the use of force within its territory. It often declares the equivalence of its subjects, even if the reality is more complex.

Around 1200 B.C.E., climate change catalyzed by a major volcanic eruption, waves of migrations, warfare, famine, economic decline, and political discontinuity led to [BLANK-1]. This was a widespread period of crisis and destruction in the Eastern Mediterranean world that saw the decline of Ancient Mesopotamian societies and empires, such as the Egyptians. While it was a period of political turmoil for many established empires of the ancient world, it was also a period of time in which new technologies were circulating.