a firm owned by two or more people who each have unlimited liability for all of the firm's debts is called a: multiple choice corporation. sole proprietorship. general partnership. limited partnership. limited liability compan
Answers
A firm owned by two or more people who each have unlimited liability for all of the firm's debts is called a c) general partnership.
When it comes to business ownership, there are different types of structures, each with its own set of characteristics and legal implications. One such structure is a firm owned by two or more people who each have unlimited liability for all of the firm's debts.
The correct answer to the question is: c) general partnership.
In a general partnership, a business is owned and operated by two or more individuals who share both the profits and the liabilities of the firm. Let's break down the concept of unlimited liability and explore it in mathematical terms.
Unlimited liability means that the owners of the business are personally responsible for all the debts and obligations of the firm. This means that if the business incurs any debts, the partners are individually liable to cover those debts, even if it requires using their personal assets.
To illustrate this concept, let's consider a hypothetical general partnership with two partners, Partner A and Partner B. Let's assume the partnership has incurred a debt of $10,000.
In this scenario, if the partnership is unable to repay the debt, each partner is individually responsible for the entire amount. Therefore, Partner A would be liable for $10,000, and Partner B would also be liable for $10,000. The total liability for the partners would be $20,000, which is the sum of their individual liabilities.
This is in contrast to limited liability, which is a characteristic of other business structures like corporations and limited liability companies (LLCs). In these structures, the owners' liability is limited to the amount they have invested in the business. Their personal assets are protected, and their liability for the firm's debts is restricted.
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Related Questions
1 , what are the agent of socialization
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Answer:
Agents of socialization, or institutions that can impress social norms upon an individual, include the family, religion, peer groups, economic systems, legal systems, penal systems, language, and the media.
Explanation:
Briefly describe the two types of marketing and operations models used by the insurance industry.
Answers
Answer:
The two dominant types of life/health marketing systems are the general agency and the managerial (branch office) system. General Agency System A general agent is an independent businessperson rather than an employee of the insurance company and is authorized by contract with the insurer to sell insurance in a specified territory.
Explanation:
Your welcome !
How do the potential costs and benefits of each career path affect your choice?
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My decision is influenced by the potential costs and advantages of each job route because the amount of money I will make depends on how much I can spend.
What is a job?Numerous things can be categorised as jobs. a paid position that might be either full- or part-time. a task that has been finished, usually for a specified fee. a specific task that employees carry out as part of their regular job responsibilities a pledge or commitment. like a project, "The airport job took twelve months to complete." It can also be used colloquially to refer to a person's pet using the restroom. As an illustration, to indicate that my dog went to the potty, I might say, "I waited for my dog Tommy to do his business, then we walked home." When someone says, "There has been a surge of bank jobs in suburbs," they can be referring to routine tasks that people carry out to obtain money, such as bank robberies.
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Sebastian buys his coffee every month for $25 at a local coffee shop. At a local warehouse store with a $60 annual fee, he can purchase the same coffee for $15. What is the BEST financial advice for Sebastian when it comes to purchasing his coffee?
A. He should buy coffee at the warehouse store because at the end of the year he will have saved money.
B. He should buy coffee at the coffee shop because at the end of the year he will have saved money.
C. It doesn’t matter where he buys the coffee; the price is exactly the same after 12 months.
D. If he buys coffee for only five months, he should just buy it at the coffee shop because it will be cheaper.
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Answer:
A. He should buy coffee at the warehouse store because at the end of the year he will have saved money.
Explanation:
if he continues to buy his coffee at the local shop it will cost $300 at the end of the year. If he buys from the warehouse it will cost $240 at the end of the year.
Donte was given a surprise $500 bonus, and his supervisor told him that if he continued to post numbers as he did that month, he would receive a bonus each month. donte was motivated to go all out and do his best every month. this shows the power of
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Donte was given a surprise $500 bonus, and his supervisor told him that if he continued to post numbers as he did that month, he would receive a bonus each month. Donte was motivated to go all out and do his best every month. this shows the power of positive reinforcement.
Donte's experience demonstrates the power of positive reinforcement. By receiving a bonus for his hard work, Donte felt valued and recognized for his efforts. This recognition motivated him to continue working hard and posting strong numbers in the future, with the promise of ongoing bonuses serving as an additional incentive.
Positive reinforcement is a powerful tool in the workplace, as it encourages employees to take ownership of their work and strive for excellence. By providing rewards and recognition for good performance, managers can cultivate a culture of hard work and dedication among their team members.
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(Please Help) Choose 5 companies you would hypothetically like to buy stock in. Track the stock prices of those companies for one week. After tracking
the stock, complete the following:
●
Create 5 graphs that show the stock prices of each company over the course of 7 days.
Prepare a brief write-up/speech that explains what happened to each stock, concludes whether you would have gained/lost money
over the course of a week, and anything else you found interesting/noteable.
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The current share price in relation to the company's per-share earnings is known as the price-to-earnings ratio. The beta of a company can indicate how much risk is associated with that stock in comparison to the market as a whole. If you want to put your money away, look for dividend-paying stocks.
Why is a company concerned about the price of its stock?Investors' perceptions of a company's future profitability are reflected in its stock price. Executives are more likely to stay in their positions and receive raises in compensation if shareholders are content and the company is doing well, as indicated by its share price.
How do businesses boost share prices?An easy way to potentially increase the value of your own stock is to repurchase it or buy it back. First and foremost, this demonstrates your confidence in your company's future performance, which in turn increases the stock's confidence in potential investors.
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what is the impact of atm on banking sector?
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Answer:
Explanation:
ATM s are of great use to the banks as the reduce the number of people storming the banks for withdrawal of money as well as deposit of money it reduces cost of operation and from customer point of view it is available easily near by hence travelling further distance to the bank is not required
ATMs are one of the most convenient services provided by the banks to customers. It is beneficial to banks as it is to its customers. It helps banks to save cost and time in withdrawing money and various other services which are now provided by ATM.
Automated teller machines, or ATMs as they are more commonly referred to, are a convenient way to conduct one-on-one transactions quickly and easily. One can do self-serviced transactions with these machines without a physical teller's aid or a trip to the bank branch. Cash withdrawals, cash deposits, and fund transfers are just a few of the many transactions possible with automated teller machines, or ATMs. Although the majority of customers only use ATMs to withdraw cash, these additional transactions make the service more effective.
With the advent of the ATM, users' financial lives became simpler because they could now perform simple transactions on their own with the aid of an ATM, which was much more practical than often visiting the bank. The ability for users to transact between banks is another significant advantage of an ATM. This means you can still use basic services like cash withdrawals from the ATM even if you don't have an account with the bank that runs the machine. Again, this saves you time and comes in handy in an emergency because you won't need to go to the ATM at your bank every time you need a quick infusion of cash. ATM helps banks operate more cheaply by lowering the number of human operations. The ATM provides service 24 hours a day which means customers can avail of money and other services at any time of the day.
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Mikayla asked 10 of her friends how many hours of TV they watch in a week. Three of her friends said 8 hours, two of her friends said 9 hours, two of her friends said 11 hours, one of her friends said 12 hours, and two of her friends said 14 hours. Mikayla wanted to make a dot plot of the data she gathered. In what order would she create the dot plot? Draw a number line from 8 to 14. Show the frequency of each number. Title the dot plot. Show the frequency of each number. Title the dot plot. Draw a number line from 8 to 14. Title the dot plot. Show the frequency of each number. Draw a number line from 8 to 14. Show the frequency of each number. Draw a number line from 8 to 14. Title the dot plot.
Answers
Answer:A
Explanation:
Draw a number line from 8 to 14 . Show the frequency of each number.Title the dot plot.
Answer:
I think the answer is A, like the first person said.
Explanation:
What are the advantages and disadvantages of the three primary business writing formats?
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Answer and Explanation:
The business writing formats benefits and disadvantages of the three primary business writing formats are described below:-
A memorandum is a formal define that it is the way of communication that enables corporations to connect with their workers. This is typically used to distribute updates or issues.
Memos are highly increasingly being replaced by e-mail, so sending a memo is more difficult and costly. Therefore, a Business Letter is a structured communication method that's best used to connect with clients.
It generally takes more time to write and format a business letter than to write an email or memo.
As we know that an Email is easy to send and priceless, and make enable to send message to many people at a time also Many unwritten e-mails etiquette rules and can be too casual for many business purposes.
Business writing formats includes the use of memorandum, email business letters etc. The advantages and disadvantages of the three primary business writing formats are:
A Memorandum: (Advantages)
This is simply a formal, internal communication tool which allows companies to communicate with their employees. It is known to be used to deliver announcements or problems.Disadvantages
Memos are said to be rapidly been replaced by e-mail due to the fact that it is more complicated and expensive to deliver a memo.Business letters (Advantages)
A Business Letter is simply known as a formal communication tool which is utilized for communicating with customers.Disadvantages
Writing and formatting a business letter often takes more time than composing a memo or e-mail.Emails (Advantages)
E-mail is quick, easy and cheap, and allows you to send messages instantly to any number of people.Disadvantages
E-mail has too much unwritten rules to follow (etiquette) and it is too informal for many business purposes.Learn more from
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How do supply and demand help determine the price of a product?
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Answer:
if supply is low but demand is high the price will go up due to limited supply however if demand is low and supply is high the price will be lower because there is a surplus of supplies and not very many people buying it
Explanation:
Answer:
By creating a balance between buyers who want low prices and sellers who want high prices
Explanation:
Sites like Kickstarter, GoFundMe, and Causes are all examples of what type of altruism?
Group of answer choices
Crowdfunding
Private foundations
Service Learning
Community Service
Answers
which concept deals with giving employees the power to make commitments and use resources to accomplish the assigned tasks? multiple choice centralization delegation of authority specialization of tasks accountability downsizing
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Giving employees the authority to commit and use resources to complete tasks is a key component of the delegation of authority idea.
The concept of delegation of authority moves power from a management to an employee. An employee's productivity and effectiveness are increased by this authority transfer. Employee underutilization results from failing to allocate authority and control to staff members. Managers in this situation give different team members varied assignments to complete the projects. Employees in a team are given the authority to complete the duties allocated thanks to this task assignment.
Accountability refers to the idea that a worker is responsible to his manager for his actions. The employee must explain their decisions to supervisors and provide task updates. The delegation of authority includes accountability in some ways. Managers need to be responsible for their own behavior and actions.
There is absolutely no connection between the issue and employees downsizing. By terminating the employment agreements with teams and individuals who are not producing, an organization's workforce is permanently delegation of authority reduced. This is frequently used when a employees corporation experiences economic setbacks and subsequently begins to experience business setbacks as well.
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is mary kay a global brand? why or why not?
Answers
Yes, Mary Kay is considered a global brand. Mary Kay is a cosmetics and beauty company that operates in numerous countries around the world.
It has a significant presence and market share in various international markets. The company has expanded its operations beyond its home market (the United States) and has established a global distribution network.
Mary Kay's global presence is evident through its international subsidiaries, consultants, and customers in different countries. The company has successfully adapted its products, marketing strategies, and business model to cater to diverse cultural preferences and market demands.
Furthermore, Mary Kay's global expansion efforts are supported by localized marketing campaigns, multilingual customer support, and region-specific product offerings. The brand has also gained recognition and acceptance in multiple countries, reflecting its global reach and influence.
In summary, Mary Kay's widespread presence, international operations, and adaptation to diverse markets make it a global brand in the cosmetics and beauty industry.
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Craig is single and lives alone. He earns a respectable salary, but the bulk of his income comes from his property holdings and stock market investments. Craig is well versed in tax law and has many deductions to claim, hoping to pay the smallest amount possible. Recommend the appropriate 1040 form for craig.
Answers
The proper response is C the 1040.
A wealth tax might be one of the following:
Wealth taxes are taxes that are levied based on the value of a taxpayer's property.Real estate taxes, intangible taxes, tangible taxes, and inventory taxes are examples.Taxes on the value of property that is transferred to another person are known as wealth transfer taxes.Gift, estate, and inheritance taxes are examples.
What is an illustration of a wealth tax?
Wealth taxes that are typically assessed once or infrequently include inheritance taxes, gift taxes, and estate taxes.
What is the single-person deduction?
$12,950 The amount you can deduct from your taxable income is known as the standard deduction.The standard deduction for the 2022 tax year is $25,900 for married taxpayers, $19,400 for heads of household, and $12,950 for single taxpayers and married taxpayers filing separately.
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NEED ASAP PLEASE
Select the correct text in the passage.
Hussein is writing a response rejecting a customer’s request for a product replacement. Select the text in the passage that shows the reasons he gives for the negative message.
Thank you for writing to us regarding your request for a replacement fan.
To guarantee customer satisfaction, we extend a warranty of 90 days on this product for all our customers. If returned within 90 days, we offer replacements free of charge.
Based on the receipt you attached to your email, we see that you purchased this product 120 days ago. We regret that we are unable to offer a replacement.
As an alternative, we can offer a 20 percent discount on any other product you wish to purchase from our store. We look forward to doing business with you again.
Answers
Answer:
Based on the receipt you attached to your email, we see that you purchased this product 120 days ago. We regret that we are unable to offer a replacement
Explanation:
Hope it helps!
Who first identified cyclical patterns in the economy and created what is often referred to as ""the business cycle""?.
Answers
Answer:
Clemente Juglar.
Explanation:
In a business letter, the true margins are
Answers
Hope this helps, good luckkk :)
Answer:
side ;top and bottom marguns
Aptitudes might take years of training.
True
False
Answers
Answer:
true
Explanation:
Answer:
The correct answer is False
Explanation:
Got it right on the quiz.
Jessi has received a loan to start her new bakery. She wants to make sure that she spends the money wisely, getting all of the machinery, tools, and ingredients that she will need to make her bakery a success. What should Jessi make FIRST to make to make sure to manage her money so that she prioritizes what she needs for her bakery?
buying plan
sales forecast
profit margin
investment
Answers
Since Jessi has received a loan to start her new bakery, and he wants to make sure that she spends the money wisely, getting all of the machinery, tools, and ingredients that she will need to make her bakery a success. What she should make FIRST to make sure to manage her money so that she prioritizes what she needs for her bakery is a "buying plan" (Option A)
What is the definition of a "Buying Plan"?A buying plan, sometimes known as a buying club, is a sort of plan that obligates a buyer to purchase products on a fixed timetable, to acquire items that a seller may deliver without warning, or to pay membership fees in exchange for the right to purchase at a supposedly discounted price.
Goods planning and procurement is a systematic strategy used by retailers to predict merchandise inventory requirements and negotiate the best terms with suppliers.
Typically, retailers employ a centralized buyer or team of buyers that supervise the chain's purchasing process. They may have additional local or regional merchandise managers that supervise merchandise implementation in stores.
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classify the statements as true or false. a. the process of specialization and trade has positive net benefits and is, therefore, beneficial to everyone
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Everyone benefits from the specialization and trade processes since they have positive net advantages. This claim is untrue.
What are the advantages of commerce and specialization?When nations have varying opportunity costs for production, specialization and commerce might be advantageous. Greater economic efficiency, favorable effects for consumers, and expansion prospects for industries with a competitive edge are all advantages of specialization.
What is the specialization process?The process of specialization is when a business or person decides to concentrate their efforts on a certain kind of production. Specialization simply refers to concentrating on a single task. A person who specializes narrows their concentration to one particular activity.
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Keep an emergency kit and fresh water in your car in the event of______
Answers
Answer:
A breakdown or emergency or an unexpected event
Explanation:
The emergency kit should always be kept in the car along with it the fresh water should also be there as if there is any emergency or breakdown occurs or the event i.e. not expected arise so these things would be used so that the problem you are suffering would be solved as soon as possible. Also if you are feeling thirsty so here you need is the water
So according to the given statement, A breakdown or emergency or an unexpected event is an answer
Write the names of sender and receiver of quotation letter in foreign trade.
Answers
Answer:
Wydm
Explanation:
What was the impact on the number of months it will take Janet to pay off her loan?
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The impact of the number of months on Janet's loan repayment translates into more money.
When someone applies for a loan in a bank, they must take advantage of some conditions that the bank has to be able to disburse the amount of money that they require.
One of them is that you accept the interest on the loan. Banks generally put an interest that is equivalent to a small percentage of the total loan. For example:
Janet's loan is for $ 5,000 and the interest is 1.2%. Therefore, each month Janet must pay a fee (depending on the number of months in which she has divided the loan payment) and 1.2%.
So if she divided the 24-month loan, she must pay $ 208.33 plus 1.2%, which is equivalent to $ 60.
Note: This question is incomplete because there is some information missing. However I can answer it based on my prior knowledge.
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Answer:$ 60.
Explanation:
So if she divided the 24-month loan, she must pay $ 208.33 plus 1.2%, which is equivalent to $ 60.
Help please!!!!!!!!!!!!
Answers
A tangible item such as a smartphone contains multiple intellectual property elements that are crucial in protecting the company's interests and ensuring the item's success in the market.
How to describe a tangible intellectual property?A smartphone is a tangible item that contains several intellectual property elements. First, it may contain patented technology, such as its camera or fingerprint scanner, which are protected by exclusive rights granted by the government.
Second, it may bear a trademark, which is a word, symbol, or design that identifies and distinguishes the product from others. The trademark may include the company's logo or the name of the smartphone model. Third, it may contain copyrighted software, such as the operating system or pre-installed apps, which are protected by the copyright laws.
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Internal information provides an understanding of factors outside of the organization
True False
Answers
Answer:
false
Explanation:
Internal information is the information developed from activities that occur within the organization.
Definition
which section of the statement of cash flows is prepared using either the direct or indirect method?
Answers
The operating section of the statement of cash flows can be shown through either the direct method or the indirect method. With either method, the investing and financing sections are identical; the only difference is in the operating section.
The statement of cash flows for the indirect method starts with net income or loss and then adds or subtracts from that amount non-cash revenue and cost elements to arrive at cash flow from operating activities. A cash flow statement's reported changes in cash collections and payments are known as direct cash flow. To calculate an inferred cash flow, indirect cash flow uses net income and multiplies or divides it by changes in non-cash transactions. The 2006 Companies (Accounting Standards) Rules control the applicability of cash flow statements. However, the business act of 2013 mandates that the cash flow statement be prepared and presented in financial statements, subject to few exceptions that are listed in the act.
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What is the purpose of Journals in the accounting cycle?
A. Provide proof of all transactions
B. Record transactions for a business
C. Determines if credits and debits are equal
D. Records transactions in accounts
Answers
Answer:
b. record transactions for business
Explanation:
A journal is a detailed account that records all the financial transactions of a business, to be used for the future reconciling of accounts and the transfer of information to other official accounting records, such as the general ledger.
The first paragraph or part of a business letter is the
OA. introduction
OB. addresses
OC. supporting details
OD. conclusion
SUE
Answers
Answer:
introduction
Explanation:
I don't know how to explain
The higher the debt to equity ratio is for a company, the ______ the risk of bankruptcy is for that company.
Answers
Answer:
higher
Explanation:
Hal has just graduated from four years of college. For the last two years, he took out a Stafford loan to pay for his tuition. Each loan had a duration of ten years and interest compounded monthly, and Hal will pay each of them back by making monthly payments, starting as he graduates. Hal’s loans are detailed in the table below. Year Loan Amount ($) Interest Rate (%) Subsidized? Junior 4,048 5. 9 N Senior 5,295 7. 6 Y Once all of his loans are paid off, what will Hal’s total lifetime cost be? Round all dollar values to the nearest cent. A. $9,023. 28 b. $8,467. 20 c. $11,498. 40 d. $13,615. 20.
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Answer: The answer is D, $13,615.