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Vesnalui [34]
4 years ago
10

Three brothers of a family own a furniture showroom. Each of them is actively involved in handling the day-to-day business activ

ities. However, when the business suffered huge losses at the end of the last fiscal year, the personal wealth and assets of the brothers did not get affected. This is most likely because the brothers have a _________.
Business
1 answer:
AlexFokin [52]4 years ago
6 0

Answer:

Limited liability

Explanation:

<em>Limited liability</em><em> is a concept that states that in the event of loss or financial insolvency of a business  the maximum amount to be lost by the owners would be restricted or limited only  to the amount that they have invested in the business.</em>

<em>This concepts illustrates the fact that the business is a separate legal entity which is different from its owners.</em> <em>And therefore the assets and liabilities of the business are different form those of its owners.</em>

The concept is common with businesses which operate under the form of either <em>limited partnership or limited liability companies</em> (either private or public)

This is most likely because the brothers have a Limited liability

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Knowledge Check 01 The standard quantity per unit defines the ________. multiple choice price that should be paid for each unit
cricket20 [7]

Answer:

amount of direct materials that should be used for each unit of finished product including an allowance for normal inefficiencies, such as scrap and spoilage.

Explanation:

Standard quantity per unit is defined as materials that the manufacturer needs to complete a unit of a product. It also allows for inefficiencies such as spoilage and scrap.

It is used by managers to reduce wastage that exists during production by allocation of only the required amount of direct materials in the production process.

5 0
3 years ago
When prioritizing goals, how should you order them? by cost in alphabetical order by how long they take to achieve in order of i
Cloud [144]
You should order them in A B C or 1 2 3 (high, medium, low priority) 
6 0
4 years ago
When will a minimum wage be an effective price control? When it is a ________a. Maximum "price" that is above the equilibrium pr
labwork [276]

Answer:

c. Minimum "price" that is above equilibrium price

Explanation:

if the minimum wages is below equilibrium then it will be ineffective as there wasn't any agent willing to trade his labor at this rate.

The minimum wages must be placed above equilibrium to be effective. This will force both, laborers who were willing to work for less and employees whose intention were to pay less than minimum to trade at minimum wage.

5 0
3 years ago
Jessica submitted to cancel event request form to cancel event she is scheduled to conduct three weeks from today the only adver
postnew [5]

Jessica submitted to cancel event request form to cancel the event she is scheduled to conduct three weeks from today the only advertising she has done is to post the flyer at the event venue and select the cancellation procedure she does not need to follow is to arrive at the location at the appointed time for the event and remain there for 30 minutes in case any attendees come.

United HealthCare's(UHC) event cancellation reporting rules include:

  • The last advised date for submitting a cancel event request form was no later than six business days before the event in order to ensure that an event is canceled in United Healthcare's event reporting application by the reporting deadline.
  • Except in cases of adverse weather, events must be canceled and reported in the united healthcare event reporting application at least one business day before the event.

Hence, if Jessica submitted to cancel event request form to cancel the event she is scheduled to conduct three weeks from today the only advertising she has done is to post the flyer at the event venue and select the cancellation procedure she does not need to follow is to arrive at the location at the appointed time for the event and remain there for 30 minutes in case any attendees come.

Learn more about Advertising:

brainly.com/question/14227079

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5 0
2 years ago
Assume the risk free rate is 4 percent, the required rate of return on the market portfolio is 15 percent, and the reported beta
Eddi Din [679]

Answer:

required rate of return on the stock = 22.7%

so correct option is e. 22.7 percent

Explanation:

given data

risk free rate = 4 percent

rate of return = 15 percent

beta = 1.7

to find out

required rate of return on the stock

solution

we get here required rate of return on the stock that is express here as

required rate of return on the stock = risk free rate + beta × ( Return on the Market portfolio - Risk free Rate)   ........................1

put here value we get

required rate of return on the stock = 4 + 1.7 × ( 15 - 4)

required rate of return on the stock = 22.7%

so correct option is e. 22.7 percent

5 0
4 years ago
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