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natka813 [3]
3 years ago
9

Paul Hyatt owns and operates DeepClean, a Florida-based company that cleans up mold and mildew in homes and businesses. As the s

ole proprietor of the business, he has unlimited liability, which means:
Business
1 answer:
aivan3 [116]3 years ago
6 0

Answer:

Paul Hyatt is fully liable for all business debts

Explanation:

Unlimited liability in this scenario, means that Paul Hyatt is fully liable for all business debts. That is because unlimited liability is defined as the full legal responsibility that business owners and partners assume for all business debts, and since Paul Hyatt is a sole proprietor which means that he both owns and runs DeepCleans and there is no legal distinction between him and the business entity, then he is fully liable for debts and profits of DeepClean.

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Fact pattern 33-1a berry indicates that she is acting as an agent on behalf of an unidentified client—cuisine catering, llc—when
posledela
Liability to Desean for non performance of the contract may be imposed on BERRY AND CUISINE CATERING.
Berry is required by the law to perform the duties in the contract agreement, failure to do this will creates liability for Berry and in that case, both Berry and Cuisine catering will be liable, because Berry had said that she is working on behalf of Cusine catering, thus, Cusine catering is already a part of the contract.
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2 years ago
Which of the following is NOT considered to be one of the three primary functions that all organizations​ perform? A. research a
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Answer: The correct answer is "A. research and development".

Research and development are <u>NOT</u> considered as one of the three primary functions that all organizations​ perform.

Explanation: The basic operating cycle of a company is buy-sell-collect-pay. In some cases, companies can produce the good they sell or directly re-sell it. This implies production, operation and marketing activities to increase sales and for an adequate control of these you need accounting.

Only in particular cases do companies engage in research and development, but it is not something basic.

4 0
3 years ago
Corporations have limited liability, but lose ultimate control of corporate assets to the ______________ ..
Vinil7 [7]

Answer:

Stockholders

Explanation:

Stockholders are the owners of a company.  As owners , stockholders have voting rights in the company.  Shareholder elects directors who represent them on the board of directors. Each share is equivalent to one vote.  The board members recruit top management of the company. The board provides policy guidelines, makes critical decisions, and supervises senior management.

By electing board members, shareholders influence the management of the business. Should the stockholders be unhappy with the way the company is being managed, they can vote out the current director and elect new ones. The new directors then appoint fresh managers. In this way, shareholders maintain control of the assets of the company and its assets.

5 0
3 years ago
Fiona is a manager at tune in solutions. as a leader, she has complete authority to recruit and lay off employees. she also has
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Answer:

The answer is position power.

Explanation:

Position power refers to a type of power that an individual attains through occupying certain organizational positions or ranks. It is clear from the description in the question that Fiona’s manager position allows her to have the power to recruit, fire, reward, and punish her team members.

3 0
3 years ago
Whats considered a fixed assest
Igoryamba

Answer:

see below

Explanation:

Fixed assets are valuable items that cannot be converted into cash quickly. They are assets not meant for sale or consumption up in the current financial year.

Fixed assets are tangible or physical assets used by businesses in the productions or provision of services. They provide long term financial benefits to a business. Fixed assets have a useful life of more than one year. Land, buildings, motor vehicles, plant, and equipment are examples of fixed assets.

3 0
2 years ago
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