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jeka57 [31]
1 year ago
5

If a business cannot pay its debts, creditors can expect the owner(s) to pay the debts with their personal assets of the busines

s is a:
Business
1 answer:
lubasha [3.4K]1 year ago
4 0

If this condition arises where a business can't able to pay it's debt, creditors can expect the owner to pay the debts with their personal assets of business is called- General Partnership or Sole Proprietorship.

<h2>What is sole proprietorship?</h2>

A sole proprietorship is an unincorporated company that is run and owned by one person. This type of business structure is the simplest because there is no legal distinction between the owner and the business.

The proprietor or dealer who owns the business uses their legal identity to carry on business. By registering a trade name with their local authority, they can also decide to conduct business under a different name.

This kind of business is the least expensive to launch. Small enterprises, independent contractors, and other people who work for themselves frequently use it because of this.

When the business owner decides or upon their passing, a sole proprietorship starts and ends.

To know more about Sole Proprietorship, refer to-

brainly.com/question/14593467

#SPJ4

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performance and management provides __________ and ____________ integration of different elements that makeup an organization
larisa86 [58]

Answer:

The correct answer is letter "C": Technological; social.

Explanation:

Performance management is the approach practiced by high-rank executives within an organization to provide employees with the right tools so they can perform their duties efficiently. The approach does not only involve giving workers ultimate technology but also training so they learn how to use the tools and feedback to improve their performance. The practice combines then technological resources with interpersonal activities that are likely to boost employees' efficiency and commitment.

6 0
3 years ago
As owner of a retail franchise food store, Mary Grey purchases supplies based on specials advertised nationally throughout the f
Artemon [7]

Answer: Sharing information across the organisation

   

Explanation: In the given case, Mary grey is the owner of a retail store hence it is her duty to know all the goods that are offered by her store. However she did not knew the special goods when the customers asked for it.

This shows that the franchise company is not performing effectively in the area of sharing information as all the stakeholders do not know all the relevant information.

7 0
3 years ago
Garcia Co. sells snowboards. Each snowboard requires direct materials of $100, direct labor of $30, and variable overhead of $45
jeka57 [31]

Answer:

Selling Price per unit = $287.5 per unit

Explanation:

Provided quantum of sales = 10,000 units

Cost statement for 10,000 units

Direct material = $100 \times 10,000 = $1,000,000

Direct Labor = $30 \times 10,000 = $300,000

Variable Overhead = $45 \times 10,000 = $450,000

Fixed Overhead Costs = $635,000

Fixed Selling and administrative Cost = $115,000

Total = $2,500,000

Add: Profit mark up 15% = $375,000

Total Selling Value = $2,875,000

Selling Price per unit = $2,875,000/10,000 = $287.5 per unit

6 0
3 years ago
How does columbus describe the role and rights of women in native american cultures?
OleMash [197]
<span>Women in native American communities are held at a high regard, are well respected, and have the rights and liberties of men in certain situations. When married, the husband joined the woman's family as the family line was always traced through the women of the family. If a woman decided that she wanted a divorce from her husband, her decision was easily made when she put her husband out of the house to leave.</span>
7 0
3 years ago
What effect does the availability of many substitutes have on the elasticity of demand for a good?
zepelin [54]
The availability of many substitutes increases the elasticity of demand for a good. With the presence of substitutes the consumer has more options to seek out if there are price changes, therefore, the consumer is highly responsive to price changes and thus the elasticity of the demand curve is higher if there are many substitutes. 
4 0
2 years ago
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