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3 years ago

Max chose to operate his production studio as a sole proprietorship even though his attorney cautioned that he was:____________

Business

1 answer:

sergij07 [2.7K]3 years ago

8 0

Answer:

c. exposing himself to unlimited personal liability.

Explanation:

One major characteristic of sole proprietorship being the individual is sole recipient of profits and sole bearer of all risks and liabilities.

A sole proprietor bears unlimited liability in the sense that, in case of bankruptcy, the proprietor's personal assets can be taken away to repay debts owed by him.

Though a proprietor also remains the sole recipient of all gains, similarly the proprietor is also exposed to unlimited risk.

Thus, the correct option is, c. exposing himself to unlimited personal liability .

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In response to accounting scandals in 2002, the federal government passed legislation requiring that corporate directors have a

Ne4ueva [31]

Answer:

The Sarbanes-Oxley Act

Explanation:

The name of the act was given because of the two leaders who jointly worked together to regain the trust of potential investors in the financial system. The act discussed the auditing requirements, directors roles and responsibilities and the signing of the annual report by the directors as well and also that the CFO and CEO will form an opinion about the firms future, goals and giving the undertaking that the financial statement are accurate according to their knwoledge.

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3 years ago

Corporate managers who supervise, coach, and guide lower-level employees and serve as their organizational sponsors are called

Vsevolod [243]

Answer:

networkers

Explanation:

Corporate managers who supervise, coach, and guide lower-level employees and serve as their organizational sponsors are called: networkers.

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2 years ago

Bob has a loan that he does not think he can afford and wants to make sure his credit score is not affected. Which of the follow

Simora [160]

A. making at least the minimum payment, even if they are late

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3 years ago

What is a credit limit

Helen [10]

Credit limit refers to the maximum amount of credit a financial institution extends to a client through a line of credit as well as the maximum amount a credit card company allows a borrower to spend on a single card.

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3 years ago

Read 2 more answers

Which of the following materials could be potentially infected with bloodborne pathogens, assuming they are not mixed with human

Katena32 [7]

Answer:

Semen or vaginal secretions

Explanation:

"Bloodborne pathogens" refer to microorganisms that can be found in the blood or body fluids of humans. There are many kinds of bloodborne diseases such as Hepatitis B and Hepatitis C as well as Human Immunodeficiency Virus (HIV). They can be transmitted to another person through having contact with the infected human blood or body fluids.

Assuming that the materials above are not mixed with human blood (meaning, they are not contaminated with blood), then the semen or vaginal secretions are the only materials where the bloodborne pathogens can be transmitted. Thus, it is important not to have sexual contact with the contaminated person such as people with HIV.

So, this explains the answer.

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3 years ago