Answer:
Green Bay Packers
The limitations and constraints of a not-for-profit association are:
1. Unlimited liability of the club members: This means that the members could be exposed to personal financial liability arising from their membership of the club. When the club is unable to meet its debt obligations, individual members will be held liable for the remaining debts.
2. An unincorporated association is subject to liquidation at the slightest event. In the event of the members' death, the association will not be able to continue.
3. A unincorporated not-for-profit organization may not be able to attain credibility as much as an incorporated organization. This disadvantage limits its ability to raise external finance.
Explanation:
The Green Bay Packers is a football club under the NFL. It is a not-for-profit association. Therefore, members do not enjoy the benefits arising from limited liability.
Answer:
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Answer:
Option (a) => consumers will consume less and save more to prepare for increased taxes in the future.
Explanation:
The man named David Ricardo was one of the great Economist of his time. David was born on the 18th day of the month of April, in the year 1772 in London,United Kingdom. David Ricardo died on the 11th day of the month of September, in the year 1823.
David Ricardo worked and proposed a theory called the ricardian equivalance. The ricardian equivalance theory is actually about how Government spend and how taxes are being distributed. The theory simply says that if the Government spend a lot without taxing the citizens,the citizens tends to save more because they(citizens) know that they(Government) will later increase their tax so as to balance the spendings by the government. Therefore, option (a) is correct.
