Answer:
B. A condition precedent
Explanation:
A condition precedent refers to an event i.e. needed prior something else would arise. It is an event that must arrise until its non-occurence would be excused prior performing under a contract treated to be due i.e. prior any type of contractual duty would be existed
So according to the given situation, it is a condition precedent
Therefore the option b is correct
Answer:
a. It is easier to raise finance as the business can sell shares.
Explanation:
A private limited company can be defined as a type of legal hybrid-business structure that can combine both partnership and corporation form of business, and the owners are only responsible for its debts with respect to the amount of capital they have invested.
Some of the characteristics (features) of a private limited company include;
I. Shares can be issued by the private limited company to raise capital.
II. All the shareholders (owners) of a private limited company have limited liability.
III. After the death of a shareholder, a private limited company will continue to operate its business.
An advantage of operating a business as a private limited company is that it is easier to raise finance as the business can sell shares.
However, one of the disadvantages of a private limited company is that the general public are able to view a summary of their business accounts.
The economic theory the choice of management team at Pass the Ketchup Brands represent is known as internalization theory.
<h3>What is internalization theory?</h3>
Internalization theory is an economic theory that tends to protect companies' sole rights to their products. The theory gives protection to local industries who aim at having larger market share.
This is because when other companies know the secret or having access to their product make up, such might reduce their market share of that product.
Hence, the economic theory the choice of management team at Pass the Ketchup Brands represent is known as internalization theory.
Learn more about internalization theory here: brainly.com/question/10563712
Answer:
i think the answer is Creativity
Their investments (in the things they need to run the new company) are being financed by someone else's savings