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m_a_m_a [10]
1 year ago
13

Even after commencement of business operations, officers and directors have a responsibility to comply with _______.

Business
1 answer:
serg [7]1 year ago
3 0

Even after the commencement of business operations, officers and directors have a responsibility to comply with corporate formalities.

<h3>What are the duties of corporate directors and officers?</h3>

In general, the officers are in charge of carrying out the board's policies and making day-to-day choices, while the board of directors is in charge of important business and policy decisions.

  • announcing and disbursing corporation dividends.
  • approving significant corporate choices.
  • hiring, promoting, managing, and firing managerial and corporate leaders.
  • choosing between issuing bonds or stock.

A corporation's owners are its shareholders, usually referred to as stockholders, who acquire an interest in the company by acquiring shares of stock. A board of directors is chosen by shareholders, and they are in charge of running the business.

Officers and directors are still required to follow corporate formalities even after the start of business operations.

To learn more about the duties of corporate directors and officers refer to:

brainly.com/question/13322642

#SPJ4

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6 0
3 years ago
Domino's Pizza was 50 years old in 2010. Visit the company's business-related website (www.dominosbiz) and read the company prof
RUDIKE [14]

Answer:

Consider the following paragraph I wrote

Explanation:

I think the firm focuses on the economic perspective in describing its competitive advantage. In the economic perspective, a firm focuses on how much economic value it creates through its competitive advantage.

In the company profile, Domino's focuses on how much economic value it creates for its sub-franchisees, franchisees and the parent company. It focuses more on the chain which creates economic value for the entire Domino's ecosystem consisting of the parent company, franchisees, and the sub-franchisees. So, I think the firm focuses on economic perspective in describing its competitive advantage.

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3 years ago
Someone who likes building, designing, or creating things probably has a(n)
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6 0
3 years ago
Read 2 more answers
Explain the following factors that influence the choice of funding: risk
konstantin123 [22]

Risk is the major factor to consider when deciding the funding, when funds are provided it is a risk that whether the funds will be received or not.

<h3>What is Risk?</h3>

Risk is the threat of being unable to receive the funds back, this is the highest level of risk, there are many small risks too, but the highest level is losing the money.

There could be a small portion of loss of money or sometimes the debtor completely defaults so not a single penny is retrieved.

Funding is a choice and the debtor should be chose according to the risk appetite of the investor or lender on money.

There are investors who are risk averse are not willing to take the risk and fine with the less amount of returns and there are risk takers, who want high returns in return of high risk of defaulting.

Learn more about Risk at brainly.com/question/27331968#SPJ1

6 0
1 year ago
During the first year of operations, a company sold $113,000 of goods to customers and received $96,500 in cash from customers.
Oksi-84 [34.3K]

Answer:

Net Income for the year is $41700

Explanation:

The accounting basis that is generally followed by the businesses is the accrual basis of accounting. The accrual principle states that incomes and expenses should be recorded and recognized in the period to which they relate to rather than in the period where cash is received or paid.

This means that we will record income and expenses related to this year in this year's profit calculation even when we have not received or paid cash for such incomes and expenses.

Thus, net income for this year will be calculated as,

Net Income = Total Sales Revenue - Total expenses

Net income = 113000 - 71300    

Net Income = $41700

6 0
3 years ago
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