Granval thinks a partnership will reduce his personal financial responsibility. this is true only if Granval is not a general partner.
General partnership is a type of business agreement which is made between two or more individuals who agree to share all the assets, profits as well as liabilities of the business.
Because of the simplicity and tax benefits in the general partnership, a general partnership is one of the most common legal business entities.
However, it's very important to consider that each partner is personally responsible for the business, including debts and lawsuits, and is held liable for the actions of their partners.
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Answer:
1. Under command-and-control regulation, the government will sometimes specify the technology that firms must use in production. TRUE, e.g. currently the US government banned Huawei from providing 5G technology in the US due to security concerns even though that provides the best 5G technology in the world.
2. The government may decide on a specific amount of pollution that firms can legally emit. TRUE, the EPA sets the standards and companies must follow them, whether they are too high or too low maybe subject to an extensive debate.
3. A limitation of a command-and-control regulation is that firms have no incentive to remove pollution once they are within the legal pollution limits. TRUE, if the company is complying with current regulation, then that is all it needs to keep functioning without any problem.
4. Command and control situations are always the best option when it comes to reducing the amount of pollution. FALSE, when is the government or Congress the most efficient at doing something. Efficiency is not a characteristic of any government entity.
5. Command-and-control is more flexible than market-based regulation. FALSE, the terms command and control should give you an idea that government intervention can be anything but flexible.
6. A command-and-control regulation is subject to political considerations. TRUE, command and control regulation is set up by government agencies or Congress and both are political entities by definition. E.g. some governments impose harder environmental controls through the EPA, others impose softer or no controls at all.
Answer:
Divide Bloomingdale's sales by total industry sales
Explanation:
Market share point is calculated by dividing company's total share by total industry sales.
Answer:
$285,000
Explanation:
Interest paid in cash = $300,000 *10%*10 years
Interest paid in cash = $300,000
Premium received = $300,000/100*5
Premium received = $15,000
Net interest expense in life of bonds = Interest paid in cash - Premium received
Net interest expense in life of bonds = $300,000 - $15,000
Net interest expense in life of bonds = $285,000