Scenario: Mary works in the Contracts Department of ABC Company (ABC), a large multinational corporation. Mary hires contractors who provide services to ABC. ABC's Law Department has provided Mary with a form contract to use with contractors. Among other information, Mary is responsible for determining the correct name and business form of the contractor. She is also responsible for ensuring that ABC's Accounting Department has the proper information to pay, and record payments to, these contractors. Mary is putting together a list of questions to ask contractors to obtain this information. Mary has learned from experience that contractor personnel are not always certain what their business form is.
A. What questions should Mary ask a contractor to obtain the needed information?
B. What else could Mary do to ensure the information is complete and correct? What other sources are available to obtain the information?
C. List two businesses that you regularly use. What type of business form do they have? How do you know this?