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serg [7]
4 years ago
8

Friedo and Miriam meet at a start-your-own business workshop. They would both like to open a bookstore. While they have start-up

capital, they are worried about the risk to their personal property. Which of the following would most likely be the best business choice for each of them?A. Sole proprietorshipB. PartnershipC. Limited liability companyD. Corporation
Business
1 answer:
Anvisha [2.4K]4 years ago
5 0

Answer:

C. Limited Liability Company

Explanation:

Limited liability company has this characteristic where as the name suggests the liability is limited to the value of contribution made in the firm. The personal property of any partner cannot be attached to any person, in order to save the partners from being personally liable to firm's creditors.

This provision is not present in general partnership form, as the liability is not limited up to the amount of contribution, rather the partners are personally held liable for any creditors in case the partnership firm fails.

Corporation is for huge number of partners and even expensive to form than the limited liability partnership.

Sole proprietorship offers an individual only to run the business, there are no partners allowed.

Thus, Friedo and Miriam shall form a limited liability partnership.

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The strategic plan is designed by the executive leaders and is designed​ to:
antiseptic1488 [7]

Answer:

The correct answer is D. Identify where the organization is and where it wants to go

Explanation:

In an organization we have different types of plan, such as.  

Strategic plan outline the mission,  vision and high levels goals for the long-term future . This is a global view of the situation.

Operational plan or work plan, are the goals you have to achieve in the near future.  

So,  from the given options , the right answer is D. Identify where the organization is and where it wants to go

6 0
3 years ago
Acme Air Compressor Company has decided to limit the number of compressors it will supply to some of its distributors that it su
kondor19780726 [428]

Answer:

b. False

Explanation:

A Referent power in an organization my be defined as the power of a person or a company that is based on high level of identification with that of admiration or inspiration or out of respect.

Thus in the context, the Acme company does not uses its referent power to its distribution channel when the company decides to limit the supply of the its compressors to some of its distributors as the distributors are selling some of the air compressors of the competitor company.

Hence the answer is FALSE.

4 0
3 years ago
In June, one of the processing departments at Furbush Corporation had ending work in process inventory of $12,000. During the mo
andre [41]
Search up A gardener can increase the number of dahlia plants in an annual garden by either buying new bulbs each year or dividing the existing bulbs to create new plants . The table below shows the expected number of bulbs for each method

Part A
For each method,a function to model the expected number of plants for each year

Part B
Use the Functions to Find the expected number of plants in 10 years for each method.

Part C
How does the of plants in five years compare to the expected number of plants in 15 years !Explain how these patterns could affect the method the gardener decides to use.
7 0
3 years ago
When a product is a ______, the more ______ its demand.
Dominik [7]

Answer:

oil

Explanation:

5 0
3 years ago
Read 2 more answers
For long-lived assets that have been in use for more than one accounting period, Depreciation Expense on the ______ Accumulated
ddd [48]

 For long-lived assets that have been in use for more than one accounting period, Depreciation Expense on the debit. Accumulated Depreciation on the credit.

Therefore, the entry that was made by the accountant, assets and stockholders' equity will be decreased.

  • Depreciation simple defined as the allocation of the cost of a long-lived, tangible asset over its useful life making an expense on the income statement that is matched against the revenue gotten by the use the asset.

The effect of recording depreciation expense on the accounting equation is that Total assets decrease and Total stockholders' equity decreases

Learn more from

brainly.com/question/25573467

8 0
3 years ago
Read 2 more answers
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