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aleksley [76]
3 years ago
12

What does the phrase limited liability mean in a corporate context? (Select all the choices that apply.)

Business
1 answer:
nexus9112 [7]3 years ago
5 0

Answer: Option A and B.

Explanation: Limited liability concept originates from the concept of separate legal entity. As per separate legal entity the owner of the company and the company itself are two different entities.

Thus,in case of any default or liquidation of the company, owner will be liable to pay only to the extent of his investment in the company. The personal assets of the owner could not be taken into consideration for the purpose of repayment.

Hence, from the above we can conclude that the correct option is A and B.

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The _____ is a law passed in 1914 that seeks to prevent practices that may cause injury to customers, that cannot be reasonably
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Answer:

The Federal Trade Commission Act is a law passed in 1914.

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3 years ago
Information related to plant assets, natural resources, and intangible assets at the end of 2022 for Tamarisk, Inc. is as follow
Studentka2010 [4]

Answer:

Partial balance sheet of Tamarisk, Inc.

<u>Non Current Assets :</u>

Buildings                                                          $1,140,000

Less accumulated depreciation—buildings  ($652,000)  $488,000

Coal mine                                                          $509,000

Less accumulated depletion—coal mine       ($107,000)  $402,000

Goodwill                                                                                $421,000

Total                                                                                      $1,311,000

Explanation:

The Items above are Non- Current Assets. Non Current Assets are resources expected to generate economic benefits for a period exceeding 12 months.

8 0
3 years ago
Which of the following are payments to ensure receiving the standard treatment that a business ought to receive from a foreign g
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Answer:

Grease payments, Option A, are payments to ensure receiving the standard treatment that a business ought to receive from a foreign government, but might not due to the obstruction of a foreign official

Explanation:

Grease payment is like a bribe which is usually small in amount and is provided to a government official or to a businessman with the aim of expediting a business decision. It may also be used in case any shipment or any transaction needs to be expedited.  

Grease payments do not change the result of the foreign official's decision, under FCPA. If it changes the consequence, then it is considered a bribe. In that case, grease payments become illegal. It also depends on the amount given to the official and their frequency to decide if it is illegal.

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3 years ago
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From the word itself, "values-led" business, this type of businesses are more inclined to doing what is right and moral by promoting values rather than thinking too much about the profit that comes from the sales of the manufactured goods. In the example above, the business leverages in the notion that recycling will lead to lesser pollution to the environment. 
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3 years ago
Read 2 more answers
Which of the following are degrees of conflict:
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Answer:

Answer is Mild difference.

Explanation:

I hope it's helpful!

5 0
3 years ago
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