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sertanlavr [38]
3 years ago
6

In a sole proprietor ownership, if business assets are not enough to pay business debts, then personal assets, such as the sole

proprietor's house, personal investments, and retirement plans can be used to pay the debt. This is called ________.
Social Studies
1 answer:
ExtremeBDS [4]3 years ago
5 0

Answer:

unlimited liability

Explanation:

unlimited liability

unlimited liability means that if company assets are not sufficient to pay business liabilities, personal property such as the sole owner's house, stock holdings or pension plans may be used to pay off the balance.

If your type of company has the power for someone to take legal action against you for errors on your part, you might not want to perform as a sole proprietorship.

A sole owner is solely responsible for all of the company's debts and liabilities.

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Explanation:

comply with rules, standards, or laws. (of a person) behave according to socially acceptable conventions or standards.

It's like doing something because you friend likes it even though you hate it like if you hate strawberries but you eat them anyway because everyone else likes them

6 0
4 years ago
Jeff and Erica have two children. They plan to purchase life insurance using this formula: (18 minus Youngest child's age) × $10
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They are using Nonworking spouse method to determine their life insurance needs.

Answer: Option A

<u>Explanation:</u>

Non-working spouse methods refer the method which can use when there is a single earner in the family. Since there is formula where eighteen is the minimum age required to declare oneself as a major, the non-working spouse method can be used when one can get enough financial support until the children are eighteen years old. So concluding, this is the method that can be used to determine Jeff’s and Erica’s life insurance needs.

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3 years ago
It is often helpful to discuss the situation with your supervisor when facing an ethical dilemma because ethical decisions will
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Because it is a difficult situation with no objectively better answer, the help of a person with more experience, in this case your superior, can sometimes be useful. Moreover, there are often regulations at work that help employees navigate these type of situations in a successful way. Finally, ethical dilemmas are particularly difficult to resolve and deal with, and asking for help will always help assert the validity of your claim.

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3 years ago
During an election for the U.S. President, the people vote and the numbers are very close. Then the Electoral College votes and
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When the Supreme Court rules on a constitutional issue, that judgment is virtually final; its decisions can be altered only by the rarely used procedure of constitutional amendment or by a new ruling of the Court. However, when the Court interprets a statute, new legislative action can be taken.

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According to the preamble, why was the constitution written? check all of the boxes that apply. to unify the states to establish
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According to the preamble, the constitution was written because to unify the states to establish a just government to create a lasting democracy all Options are correct.

What does Preamble denotes?

A preamble is a basic and proclamation in a record that makes sense of the report's motivation and fundamental way of thinking.

The preamble makes way for the Constitution (Archives.gov). It plainly conveys the goals of the designers and the motivation behind the report. The preamble is a prologue to the most elevated tradition that must be adhered to; it isn't the law. It doesn't characterize government powers or individual freedoms.

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Learn more about Preamble here:

brainly.com/question/8549262

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