Answer: Yes, <em>Jim should pay back the money he used for his electric and phone bill.</em> Since he is the custodian of petty cash for the company it is his responsibility to account for the money. The petty cash should only be used for work related expenses. The company could ask for an audit and Jim could get fired because there no record of the cash being given out for company expenses. Jim should put an IOU in the petty cash drawer and explain why it was taken out. Jim should also speak with one of the managers of the department to explain about the missing petty cash.
Answer:
umm i rrly dont know just need points thxs
Explanation:
Answer: the above statement is true to some extent. Most of the businesses today are either cooperates or limited liability companies. This is because, many businesses try to remove the personal risk associated when running a business venture. Hence, they convert it into a limited liability business so the risk is only limited to the amount they invest.
However, there are still some business that are running on a smaller scale and have unlimited liability.
Answer:
A business management degree focuses more on planning and organizing, whereas a degree in business administration provides a broad background and then allows the student to focus on a specialized area of business
Explanation:
Business administration (also known as business management) is the administration of a business. It includes all aspects of overseeing and supervising business operations. From the point of view of management and leadership, it also covers fields that include accounting, finance, project management and marketing.
It is known as the Prospect Theory Effect.
Prospect Theory is the tendency to feel stronger negative emotions than positive emotions when losing something of value. It is an assumption that losses and gains have different values even if they are really both equal. For an instance, there are two options presented- one shows potential gains and the other shows possible losses. The former option will be chosen because the probability of gain is perceived greater.
