so,nominally,................... (copied by :- @-Venkatesh Rao cheap tricks-)
Answer:
c. It is usually easier to transfer ownership in a corporation than in a partnership
Explanation:
(A) (D) <em>Shareholders has limited liability</em>. It is the partnership members which has unlimited liability.
(E) Corporations, because manage large sum of capital<em> are more regulated.</em>
(B) Corporation can lobby to get tax exemption, also the income tax scales with income, not with business legal form. <em>There is no tax disadvantage</em>
(C) In a Corporation you can sale your shares (right of ownership) any time in open market. While in a partnership there are restrictions from you leaving right away.
The objectives of the board of directors will be that the commercial insurance cannot own the new insurer company because a new insurer will be formed based on mutual insurers where it will be controlled.
<h3>What is insurance?</h3>
Insurance generally refers to a contract between parties for the protection of financial loss, where one party (Insurance Company) promises to make good of the losses of the other party (Insured). It is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment.
Commercial lines insurance involves protection for business and organization. Commercial insurance cannot own the new insurer company because a new insurer will be formed based on mutual insurers where it will be controlled.
Also, one of the objectives of protection is to pool the risk of a sufficiently large number of insured, hence insurance important because it helps businesses to mitigate loss.
Learn more about insurance here: brainly.com/question/4710102
Answer:
Corporate citizenship should:
- Obey relevant rules and regulations.
- Concerned with how well a firm contributes to the betterment of the community (Eg philantrophy)
- Contribute to or, at least not detract from, the life of local communities through its operations
.
- Held to certain economic virtues, that are necessary for the free market to run efficiently (Eg honest advertising)
- Concerned with how well a firm involves itself in the political process.
This best illustrates the value of a good work ethic