Complete Question:
An investment adviser is opening that day's mail and receives a check from a customer made out to the "Jones Cleaning Service" - the check was mailed in error to the adviser. The same day, the investment adviser mails the check back to Jones Cleaning Service. Under NASAA rules, the investment adviser:
I. is deemed to have taken custody of the customer's funds
II. has not taken custody of the customer's funds
III. must keep a record of the check received
IV. is not required to keep a record of the check received
A. I and III
B. I and IV
C. II and III
D. II and IV
Answer:
C. II and III
Explanation:
In this scenario, an investment adviser is opening that day's mail and receives a check from a customer made out to the "Jones Cleaning Service" - the check was mailed in error to the adviser. The same day, the investment adviser mails the check back to Jones Cleaning Service. Under North American Securities Administrators Association (NASAA) rules, the investment adviser has not taken custody of the customer's funds and must keep a record of the check received.
<em>According to NASAA rules, if an investment adviser inadvertently receives a check made out to a third party like it was made out to the "Jones Cleaning Service" in error, provided that the investment adviser mails the check to the third party (customer) within 3 business-working days, then the adviser has not taken custody of the customer's funds. Also, it is required that the investment adviser must keep a record of the check received. </em>
Answer:
- Total quality management (TQM) describes a management approach to long-term success through customer satisfaction. In a TQM effort, all members of an organization participate in improving processes, products, services, and the culture in which they work.
Explanation:
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The answer to this question is <span>diminishing market opportunities and stagnating sales in its principal business.
Companies should only consider diversification if the previous product that thye make is already succesful and they have enough capital to pursue another segment of the market. If the sales is still stagnant, it best to use the capital to reinvest in the current product until the growth is assured. (or even just stop the production for that product and start pursuing another)</span>
Answer:
Ms. Harper has unlimited liability, which means creditors can claim against her personal assets
Explanation:
A sole proprietorship is owned and managed by one person. The owner makes all the investment decisions, suffers all the losses, and enjoys the profits by themselves. Sole proprietorships are popular due to their ease of start-up and operations.
Legally, a sole proprietorship is not a separate entity from the owner. The assets and liabilities of the business are deemed to belong to the business owner. A sole proprietor has unlimited liability to the obligations of the business. In other words, the law does distinguish between business assets and liabilities and the owner's personal proprieties. Should Mrs. Harper's business fail to pay its obligations, creditors can lay a claim on her assets to recover their money.
Answer: The answer is A corporation have an easier time raising money to start or expand a business.
Explanation:
A corporation is a business organization in which the liability of the owners is limited to their capital contribution in form of shares to the business. The advantage the corporation has over the sole proprietorship is that they can make use of the stock exchange to raise more money for business through the issuing of shares to subscribers on the floor of the stock exchange. The capital of a corporation is divided into shares such as ordinary shares or common shares, preference shares, cummulative preference shares, participating preference shares and deferred shares.
A corporation can also raise funds by issuing a debenture which is a loan to the company. The loan are usually secured against the property owned by the company so that if the company goes bankrupt debenture holders are sure of getting their money back and if they do not receive their annual interest on their loan to the company they can force the company into liquidation.