Answer:
Sole Proprietorships, Partnership and Corporation
Explanation:
Sole proprietorships businesses are the most common and simple type of business ownership. They are owned by one person. Legally, the business and the person are considered as a single entity. The owner enjoys all the profits by themselves and suffers the losses alone.
Partnerships require two or more individuals to combine their resources, time, and effort in creating a business. Partnerships are mostly started by friends or family members with similar business objectives. A partnership is easy to forms. The firm passes its income as the income of partners.
A corporation requires the preparation of some legal documents to register. A corporation is considered a distinct entity from its owners. It enjoys commercial rights to own assets, incur expenses and liabilities, sue and be sued, and pay its tax obligations. A corporation is suited for large businesses.
Answer:
No, because they violated the duty of care
Explanation:
Business judgement rule is a provision that protects the management of a business from frivolous legal action concerning the way it does business.
The court assumes that the management acts in good faith in its fiduciary role, standard of loyalty, prudence, and care.
Duty of care is breached when the management do not make reasonable effort to prevent injury or loss.
In this instance Signal board is not protected by the business judgement rule because they violated duty of care.
Although the offer by Burmah oil is above the valuation a month ago, the board did not bother to do a present valuation or find out if other companies want to buy the subsidiary at a higher price.
Answer: $14,500
Explanation:
I could not find the same question as some details are missing but I did find a similar one that you can reference from. Find it attached.
As the company recorded no write-offs or recoveries during the year, the bad debt expense will be the difference in the allowances made for bad debts over the 2 years.
Bad Debt expense = Allowance balance in 2016 - Allowance balance in 2015
= 80,000 - 65,500
= $14,500
Answer: C
Explanation: it’s common sense real estate agents help people sell their house and help others buy a house and have contracts for them but it’s not their responsibility to clean it
Answer:
The study of human problems arising from organizational and interpersonal relations (as in industry).
Explanation:
