it looks to me that the answer could be C
Explanation:
it may be C
Answer:
D. 7
Explanation:
Based on the information provided within the question it can be said that they need to appoint a total of 7 outside board members to achieve board independence. This is because in order to achieve board independence the board needs to consist of more members that are not employees than those who are. This is because votes need to be made in accordance to what is best for the company and shareholders, which may not always be best for the employees. Therefore when voting the employees may be biased.
Answer:
<em>A proprietorship has three important advantages: </em>
(1) It is easily and inexpensively formed,
(2) it is subject to few government regulations, and
(3) it is subject to lower income taxes than are corporations.
<em>However, a proprietorship also has three important limitations: </em>
(1) A proprietor has personal liability for the business' debts.
(2) The life of the business is limited to the life of the individual who created it.
(3) A proprietorship has difficulty obtaining large sums of capital so proprietorships are used primarily for small businesses.
As all company structures, proprietorships have both advantages and disadvantages. Although the advantages mainly relate to feasibility, the disadvantages are often overlooked. The main disadvantage is the total liability of the owner, which is detrimental if the business faces tough times, which lead to liquidation.
