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3 years ago

What's the best definition of financial literacy

1 answer:

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Financial literacy<span> is the ability to understand how money works in the world: how someone manages to earn or make it, how that person manages it, how he/she invests it (turn it into more) and how that person donates it to help others.</span>

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A legal arrangement where two or more people share ownership of a business is called a ______. A. Corporation b. Sole proprietor

liubo4ka [24]

The correct statement is that a legal arrangement where two or more people share ownership of a business is called a partnership. So, the correct option is C.

A partnership may be started by two individuals with an intention to share the profits and losses of such business in a predetermined proportion.

<h3>Partnership Firm </h3>

A partnership firm is a form of business organization where at least two individuals put their resources and carry a legal business.

The individuals of a partnership firm are collectively known as partners, where they tend to share the profits and losses proportionately to their capital invested.

There exists vicarious liability among the partners, which means that all the partners are liable for the acts of one or more partner as per the legal contract.

A partnership firm may be terminated by lapse of time, dispute between the partners, dissolution, insolvency, but has a perpetual succession.

Hence, the correct option is C that legal arrangement where two or more people share ownership of a business is called a <u>partnership. </u>

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Learn more about partnership firm here:

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6 0

2 years ago

Key practices in the partnering approach to managing contracted relationships include ch12 Select one:_______a. Structured commu

slava [35]

Answer:

The correct answer is access to each other's organisational resources

Explanation:

There are numerous aspects of partnering approach in managing relationship. The significant advantage of this approach is that it helps to create an environment in which two parties can work along and start a healthy relationship where they can easily access organisational resources of each other. This approach helps firms and organisations to grow.

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4 years ago

porter jewelers, a sole proprietorship has a marginal tax rate of 32 percent and an average tax rate of 20.9 percent. if the fir

Vitek1552 [10]

The amount of Taxable income earned equals $164,258.37.

<h3>What is a Taxable income?</h3>

It refers to any gross income earned that is used to calculate the amount of tax you owe.

Taxable income = $34,330 / .209

Taxable income = $164,258.37

Therefore, the amount of Taxable income earned equals $164,258.37.

Read more about Taxable income

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2 years ago

7. In capitalism, most businesses have a profit motive. Describe at least one reason that businesses with a profit motive may be

kramer

Gaining a profit from sold goods is helpful because the use of scarce resources is optimized. It also provide jobs. The bad side of being in a profit motive business is that some may be tempted to deal with customers . I think that a profit motive business is a good thing.

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3 years ago

What is the best conclusion given the following information about research technicians employed in the scientific wing of a phar

nataly862011 [7]

<u>Answer:</u>

<em>(A) There is a disparate impact on males as research technicians. </em>

<u>Explanation:</u>

Both disparate impact and disparate treatment mean to bias b. A different effect is regularly alluded to as accidental separation, though different treatment is deliberate. The terms opposite effect and antagonistic treatment are now and again utilized as another option.

Disparate impact happens when a strategy, practices, decides, or different frameworks that have all the earmarks of being unbiased bring about an unbalanced effect on an ensured gathering. Divergent treatment is a deliberate business separation. For instance, testing specific expertise of just individual minority candidates is a different treatment.

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3 years ago