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vodka [1.7K]
3 years ago
14

The builder of a new arena is sued after a section of the roof collapses during a football game, injuring hundreds of people and

causing extensive damage to the arena. This is an example of what kind of exposure
Business
1 answer:
Lady bird [3.3K]3 years ago
5 0

Answer:

The correct answer is letter "D": completed operations liability exposure.

Explanation:

Completed Operations Liability exposure refers to the risk contractors are subject to by which a third party can sue them alleging bodily and property injuries as a result of finished work. Under these circumstances, all the parties responsible in the operations of the work (contractors and subcontractors) are cited until it is determined who could be liable for the harm.

Contractors are obligated to keep a completed operations liability insurance to face such scenarios, Failure to count on insurance for these cases could be considered a breach of the contract with the general contractor of the work.

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Gerald is assessing global entry strategies for his gourmet sandwich business. He does not want to take a lot of risk and he is
Nata [24]

Answer: Option b

Explanation: In simple words, it refers to an arrangement under which one entity allows the other entity to use its procedures and brand name for the business in return of any loyalty or other such benefits.

In the given case, Gerald wants to operate his business globally and not eager to control all of it.

Hence from the above we can conclude that franchising is the best option for Gerald.

6 0
2 years ago
A list of Year 3 revenues and expenses for Green Thumb, Inc. is provided below. Advertising and Promotion Expenses 262,700 Incom
iren2701 [21]

Answer:

A. Net Income = $304,560

B. Ending Retained Earnings = $420,740

Explanation:

Req. (A)

Green Thumb, Inc.

Income Statement

For the year ended, 31 December, 20Y3

Revenues:

Sales Revenues $1,866,300

Expenses:

Salaries and wages expenses $725,000

Advertising and Promotion Expenses 262,700

Income Tax Expense 56,520

Interest Expense 43,920

Other Expenses 122,600

Other Selling & Administrative Expenses 351,000

Total Expenses = ($1,561,740)

Net Income = $304,560

Note: We can use a multiple step income statement. However, as there is no instruction, we use single step income statement.

Req. (B)

Green Thumb, Inc.

Statement of Retained Earnings

For the year ended, 31 December, 20Y3

Balances, January 1 $162,200

Add:

Net income for the current year $304,560

Less: Dividends ($46,020)

Balances, December 31 $420,740

Note: Here, Balances, January 1 = Beginning Retained earnings Balance

Balances, 31 December = Ending retained earnings.

3 0
3 years ago
Most canadian businesses have more than five employees? True or false
erik [133]
True true true true true true true
5 0
3 years ago
According to dr. w. edwards deming's quality movement, quality efforts need to be _____ and _____ improved.
natka813 [3]

According to dr. w. Edwards Deming's quality movement and quality efforts need to be constantly and consistently improved.

Deming is widely recognized as one of, if not the founders of total quality management. Deming is largely credited with the revolution in Japanese manufacturing management that led to the economic boom of the 1970s and 1980s.

In the 1930s, Deming was intrigued by the idea of ​​using statistics to improve quality control. His focus was on improving production and eliminating future failures by systematically collecting failure records and investigating and correcting root causes.

Deming's philosophy known as Dr. Deming's "Management Theory" and later "systems of profound knowledge" represent a holistic approach to leadership and management. philosophy brings together an understanding of variation, epistemology, psychology, and appreciation of the system.

Learn more about  Deming here brainly.com/question/26326939

#SPJ4

5 0
2 years ago
The market system's answer to the fundamental question "Who will get the goods and services?" is essentially:___________.
xz_007 [3.2K]

Answer:

Those willing and able to pay for them.

Explanation:

The market system is based on the interplay of demand and supply forces this forces a system where the people who get the goods and services are those who are willing to pay for them.

6 0
3 years ago
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