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3 years ago

1. Discuss the following statement: "Corporations are not really run by their owners."

1 answer:

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1. Discuss the following statement: "Corporations are not really run by their owners." Corporations are run by everyone who works for the corporation and without everyone working together, it will not run smoothly and bring in revenue.
 
2. Why might an investor choose to become a partner in a limited partnership instead of purchasing the stock of an open corporation? If an investor decided to join in a limited partnership instead of purchasing the stock on an open corporation they would have less to do with the business side as they would in an open corporation. When an investor joins in a limited partnership they have less management responsibility and little to no liability besides their initial investment.
 
3. Is growth a good thing for all firms? How does management know when a firm is ready to grow? Growth is not a good thing for all firms. Depending on what a company is looking to achieve long term, the financial assets they have now to achieve their growth and other goals are all subject to what the company is able to do with the finances and staffing they have. When a corporation is trying to decide whether or not they should grow, management will examine all aspects of the company to make sure they align with the growth plan.
 

4. If you were to start a business, which ownership form would you choose? What factors might affect your choice? If I were to start a business, I would probably choose a limited liability company (LLC) as the ownership form and structure. An LLC is where the members within the company are not held personally liable for the company’s debts or liabilities. Think ownership form works well if you were to join forces an open up a business with a friend or family member. An LLC keeps the tax side of the business easier as allowing the individuals to be self-proprietors. When considering factors that may change this decision they would include: who I am going in business with, what I am in business for, my end goals, current goals and current financial status.

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What kinds of business transactions are NOT summarized in a sole proprietor's books? A. Credits. B. Expenses or deductions. C. G

yan [13]

Answer:

D. Sole proprietor's wages.

Explanation:

The owner of the business is the sole proprietor on the other hand sole proprietor is not an employee. Therefore he receives no salaries as he is the person who is an owner of any company or an organization. Any sum he takes from the company is considered to be withdrawn amount.

Hence, Sole Proprietor's wages are not listed in the ledger of the sole proprietor. So, the correct answer is D.

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3 years ago

Which marketing orientation states that consumers will favor products that offer the most in quality, performance, and innovati

Crazy boy [7]

Product concept is the marketing orientation states that consumers will favor products that offer the most in quality, performance, and innovative features. Consumers are always looking for products that are high qualiy but aren't outragious in pricing or difficulty. When products better fit consumers needs at a price they can afford, it makes them more likely to spend the money and refer people to the products.

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3 years ago

You want to buy an Audi A8 7 years from now. You have priced these cars and found that they currently sell for $83,800. You beli

lana [24]

Answer:

We to invest $ 17,213 per year to buy the car in seven years from now

Explanation:

First, we solve for the future value of the car:

$Principal \: (1+ r)^{time} = Amount$

Principal 83,800.00

time 7.00

rate 0.10000

$83800 \: (1+ 0.1)^{7} = Amount$

Amount 163,302.49

Then, for the PTM to achieve tham amount in 7 years:

$FV \div \frac{(1+r)^{time} -1}{rate} = C\\$

FV 163,302

time 7

rate 0.1

$163302.49298 \div \frac{(1+0.1)^{7} -1 }{0.1} = C\\$

C $ 17,212.981

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3 years ago

The Chief Information Officer (CIO) and the Managing Director (MD) of Illustrious Limited recently had the following conversatio

-Dominant- [34]

Answer:

Illustrious Limited

a) I sympathize with the MD. He noted "We have been through these types of projects before, and what always ends up happening is that we do not get the new system we are promised. Instead, we get a modified version of the old system." The implication of his assertion is that something is missing in the way the CIO and her team had been handling system development projects in the past. Even the CIO acknowledged the MD's assertions by assuring "that this will not happen this time." In the past, the system development team had neglected understanding "what is working well and what is not." This should not be the case in any good system development. Preliminary analysis or investigation should uncover users' requirements and then conduct a thorough system analysis before the design and other stages are carried out in an iterative process.

b) I would recommend SCRUM instead of the Waterfall methodology. With Scrum, the system development project is teamwork. The team is held accountable and SCRUM utilizes iteration to achieve well-defined goals. The SCRUM framework "begins with a simple premise, starting with what can be seen or known before it tracks progress and tweaks as necessary," to achieve set goals defined by users' requirements.

Explanation:

a) System Development is a process that follows a system development life cycle (SDLC) methodology and involves these seven stages: requirement analysis, system analysis, system design, development or programming, testing, implementation and documentation, and evaluation and support.

b) SCRUM is a framework in SDLC which follows "a set of meetings, tools, and roles that work in concert to help teams structure and manage their work." SCRUM has been described as "an agile way to manage a project," especially software development because of its "iterative and flexible approaches."

c) Waterfall model, on the other hand, follows linear sequential phases of conception, initiation, analysis, design, construction, testing, deployment, and maintenance, and each stage depends on the deliverables of the previous stage. This is why "in software development, it tends to be among the less iterative and flexible approaches, as progress flows in largely one direction ("downwards" like a waterfall) through the phases."

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3 years ago

Select the correct statement regarding relevant costs and revenues.

givi [52]

Answer:

d) Avoidable costs are also known as sunk costs.

Explanation:

The avoidable cost are those cost that can be ignored while making decision. The sunk costs are all those cost which already been incurred and it will not be effected by the change in decision. The sunk costs are already been expensed so, whatever decision you make it will not be changed.

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3 years ago