1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
polet [3.4K]
3 years ago
11

You decide to incorporate your bracelet business and get your mother and brother involved in the corporation. Your executive com

mittee is made up of you as the president, your mother as the secretary, and your brother as the treasurer. The three of you are the key officers of the corporation, with you as the CEO, your mother as the head of HR, and your brother as the CFO. The Brady Business Friendship Bracelet (BBFB), Inc., conglomerate is ridiculously successful, earning the three key executives over $100,000 each in salary and bonuses. Before you begin operating, the BBFB decides to become an S Corp designation and to remain a closely held corporation. The corporation is sued in the state where it is incorporated. Every member of the board of directors is liable personally for the lawsuit.
True
False
Business
1 answer:
Alex_Xolod [135]3 years ago
5 0

False. Not every member of the board of directors is liable personally for the lawsuit. The business owner is the one who is held responsible and liable personally for the lawsuit. Though, the lawsuit typically hurts everyone involved depending on the depth of it because it could lead to company shut down which could cause many people to lose their lives.

You might be interested in
​wheels, inc. manufactures wheels for​ bicycles, tricycles, and scooters. for each cost given​ below, determine if the cost is a
marin [14]
Do not make sense i dk and no logic
4 0
3 years ago
Suppose the monopolist is thinking about charging men a 10% higher price. if the monopolist does so, the quantity demanded by me
vovikov84 [41]
It would not fall at all. Monopolists own the entire industry meaning the consumers have no alternatives. If they have no alternative they have no choice but to buy even if the price increases
5 0
3 years ago
Economic agents who generate externality are distinct from those who experience them.
Vsevolod [243]

Answer:

The statement is: True.

Explanation:

Externalities are described as the effect of the actions of one party that influence directly in other individuals even if those other individuals have nothing to do in the operations of the first party. Externalities can be positive when they benefit the uninvolved individuals or negative when the externality affects them.

There are several types of externalities such as <em>technological, pecuniary, symmetric, asymmetric, transferable, depletable, non-depletable </em>and <em>transnational.  </em>

Asymmetric externalities are those where the party causing the externality is not affected by its actions. It opposes symetric externalities which are those where the economic agent is directly affected by its own actions.

6 0
3 years ago
Read 2 more answers
How are jobs affected by supply and demand ?Explain how changes in supply and demand couple impact employment and jobs?
Ksju [112]

Answer:

Please see explanation below

Explanation:

a. Just as supply and demand affects any other market, so does it affects jobs too. Take for instance if additional workers are added to the existing workforce while the demand for jobs remains the same; it means that employers would likely pay less which will bring about drop in income to employees hence causes less job stability. On the other hand, if there is an increase in demand for jobs while supply remains the same; then employers will be willing to pay more thereby resulting in higher income for few who are employed hence bring about job stability.

b. Change in demand refers to either an increase or decrease in demand for a particular good or service due to changes in consumer tastes, income level, population, price of substitutes etc; while change in supply is when suppliers decided to either increase or decrease their production or output due to changes in technology, process automation, change in the number of competitors in the market, taxes, production costs etc.

An increase in demand for certain goods or services would necessitate an increase in supply for such goods hence create avenue for producers or manufacturers to employ more people to produce them. Also, a decrease in demand for certain goods or services would result in less goods being produced hence lesser people getting employed to produce such goods.

On the other hand, when producers embraces new technology or process automation , the possibility of producing more goods will be higher while such would result in job losses.

3 0
3 years ago
What happens when you do not make a decision?
DENIUS [597]
Making decisions are always an important part. But failure in making decision may cause something unexpected. in most of the time a right decision at right time helps a lot... so for making a good decision one should follow some steps- like what are the good aspect if someone take this decision and what are the negative impact of this decision and if the probability of positiveness is more... than one should take that decision.. and if someone have confusion between what to do? and have to decide which decision to take among many ideas in mind  one should do the same steps but this time he/she should write them in a page for each decision a single page and than take the one which is prominent..
4 0
3 years ago
Read 2 more answers
Other questions:
  • The manager of your company's pension fund is compensated based entirely on fund performance; he earned over $1.2 million last y
    7·1 answer
  • A favorable direct materials cost variance occurs when the actual direct
    10·1 answer
  • Suppose that you found out that many of the sales people in your stores around the country are offering poor customer service. H
    11·1 answer
  • The forcing mode is one in which the project manager deemphasizes or avoids areas of differences and emphasizes areas of agreeme
    5·1 answer
  • What is the meaning of the X​- and Y​-intercepts? A. These points demonstrate an inefficient use of resources. B. These points s
    7·1 answer
  • Easton Co. deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of busines
    9·1 answer
  • When common stock is issued by a corporation for a cash price above par value, the excess of the cash proceeds over the par valu
    6·1 answer
  • On January 1, the Matthews Band pays $69,000 for sound equipment. The band estimates it will use this equipment for five years a
    12·1 answer
  • Kegler Bowling buys scorekeeping equipment with an invoice cost of $165,000. The electrical work required for the installation c
    5·1 answer
  • Your body uses minerals for many different jobs, including __________. (select all that apply.)
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!