Answer:
Sole proprietorship
Explanation:
A sole proprietorship is an enterprise owned and managed by one person. The owner makes all the important business decisions. He or she may hire workers to assist him in running the daily operations of the business. A sole proprietor enjoys all profit from themselves but also suffers the losses.
This type is business is popular due to the ease in which is can be established. Christian is most likely to start a sole proprietorship. He will become the boss of his business. Because Christian is sure of his finances, he will overcome the biggest disadvantage of a sole proprietorship, which is unlimited liability. Christian will be making all critical decisions that allow him to apply his potential and knowledge of the markets.
Answer:
Disadvantages of a partnership include that: the liability of the partners for the debts of the business is unlimited. each partner is 'jointly and severally' liable for the partnership's debts; that is, each partner is liable for their share of the partnership debts as well as being liable for all the debts.
Explanation:
Answer:
(C
) debit; $27,376.
Explanation:
The 58% portion related to factory expenses and should be charged to Manufacturing Overhead (DR) as an indirect expense. This should be absorbed as part of production costs.
The Balance of 42% will be charged as general depreciation on office building.
Answer: The internal auditor discovered it when performing a routine audit of expense reimbursements
Explanation:
Marcus Lane, was a geologist who travelled all over North America and South America and this results in several expense reimbursements. Lane engaged in fraudulent activity by double booking his air travel.
He used cheaper ticket for the actual flight and more expensive ticket was returned for credit. But, he submitted the expensive ticket for reimbursement.
The fraud was discovered by the internal auditor while doing a routine audit of expense reimbursements. He was terminated and he agreed to pay the money back.
Answer:
Empowered
Explanation:
In the given scenario employees in Seneco have the freedom of controlling their work hours, location, and even pay plans. Employees also participate in all organization decisions, including what businesses Senco should pursue.
This is a form of employee empowerment.
Employee empowerment is the act of giving an employee autonomy in decision making regarding their welfare and activities affecting the organisation.
Employees are more involved in decisions affecting their work. This fosters a sense of commitment to the business.
