Problem One
1: True partners are called members
2: True too. There is only limited liability
3: False: LLCs are not a separate Tax Entity
4: True. It's not in your notes, but members are not held responsible for the criminal acts of an LLC
5: True Members are taxed on their own tax returns.
1 2 4 and 5 are all true. Only 3 is false.
Problem Two
Inflation shows up very slowly and then takes hold with a vengeance. I would say we are currently in an inflation spiral but it is just starting. Just ask your mum about food prices (or your dad about overall cost of living).
The first thing the government must do is take action when they see something happening. They can do one of two things: the can cut expenditures or raise taxes. They can do the former anytime, the latter will take time to happen.
I think the second step is to gear down manufacturing beginning in January.
Producers know that they should manufacture less because consumers will have less money, but when to start doing that is the question. March or April is when the Tax Payer notices the tax increase.
Inflation will decrease is the last step. But this is an iffy question. The second and third steps could be interchanged. The way I have written it is the way I would have answered it, but I can't be certain.
Answer:
Focused differentiation.
Explanation:
This strategy usually focuses on narrow segments which tends to achieve either an advantageous cost or differentiation.
Differentiation is also said to involves making your products or services different from and more attractive than those of your competitors. How you do this depends on the exact nature of your industry and of the products and services themselves, but will typically involve features, functionality, durability, support, and also brand image that your customers value.
Answer:
Foreign uncontrollable environmental elements
Explanation:
The unwritten rule is a foreign uncontrollable environmental element that affects the cultural environment of the factory. As a manager, James cannot control or influence this type of events or circumstances, and instead must adapt his facility's operations.
Answer:
moderate control
Explanation:
Forsyth describes the task-relationship framework as "a concise management model that emphasizes that these leadership activities can be categorized as performance management or maintenance of relationships.
Task-oriented (or task-focused) leadership refers to a strategic approach in which the chief emphasizes on the activities which need to be completed to reach certain objectives or to obtain the certain level of success. Thus, this approach is best where the leader asserts moderate level of control over their subordinates.
Answer:
It will take Average of 5 days waiting time in the warehouse.
Explanation:
Inventory per day = 200 pallets
Total occupies pallets = 1,000 pallets
Use following formula to calculate average waiting time in the warehouse
Average wait time spent in warehouse = 1,000 / 200 pallets per day
Average wait time spent in warehouse = 5 days
It will take Average of 5 days waiting time in the warehouse.
