Entrepreneurship activities should you interact in that would beautify the mastering reviews you're gaining to your training on campus or online:
whilst getting to know to turn out to be marketers, we should usually select to construct upon new possibilities, community, search for mentors to research from them as well as brainstorm new thoughts on every occasion we have the time to interact in it.
An entrepreneur is a person who creates a new commercial enterprise, bearing maximum dangers and taking part in a maximum of rewards. The method of setting up an enterprise is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a supplier of the latest thoughts, items, services, and enterprises/or methods.
Entrepreneurship is the advent or extraction of monetary fees. With this definition, entrepreneurship is considered as an exchange, normally entailing a threat beyond what is usually encountered in starting a business, which may additionally encompass different values than sincerely monetary ones.
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Answer:
False
Explanation:
Management information systems (MIS) are very useful tools that managers can use to obtain information from internal and external sources. The advantage of using management information systems is that they can convert a lot of data into useful information and us it in decision making processes.
But MIS are just one more tool that managers can use, it doesn't replace managers and it doesn't make decisions by itself, its main purpose is to provide useful information that managers can use.
Answer: Limited liability company
Explanation: It refers to a hybrid structure for firms which have the characteristics of both company and partnership. The limited liability characteristics is a feature of a company while the tax treatment is done as similar to a partnership.
In the given case, Sally and Alicia are equal general partners and wants to change their unlimited liability structure.
Hence from the above we can conclude that the correct option for them is limited liability company.
Answer:
b) No, the correct entry would be a debit to Maintenance and Repairs Expense and a credit to Cash.
Explanation:
Any expense will be capitalized when it increases the capacity and efficiency of the asset. A routine repair cost is incurred in order to keep the asset operational to generate income for the business.
To record the repair cost we need to debit the Maintenance and Repairs Expense and crediting cash ( assumed cash payment is made for the repairs ). We should not capitalize this cost by debiting the asset cost account.
