Answer: General Partnership
Explanation:
Since both Kyle and Palo are equally responsible for the businesses' risks and rewards and they also combine their resources together, then this is a general partnership.
For a general partnership, they both take active part in the business and also have unlimited personal liabilities.
Therefore, the answer is general partnership.
Answer:
Letter b is correct. <u>Time frame.</u>
Explanation:
The SMART system is defined as an aid tool for achieving goals. It is a tool that can be used both by an individual and in corporations.
In order to achieve a goal, it is necessary to have the ideal planning of the set of actions that will contribute to the achievement.
Therefore, each letter of the word SMART corresponds to a meaning relevant to the effective implementation and achievement of a goal
S: specific. When drawing up a goal you must be direct and specific.
M: Measurable. To achieve goals, it is necessary to use a tangible indicator that assists the measurement.
A: Achievable. A goal must be planned according to the real possibility of being achieved.
R: Relevant. Goals must be relevant and create positive results for a person or organization.
T: Time. It is necessary to determine a time for the goal to be achieved. In the question above, Amy lacked the planning for the deadline for achieving the goal, because without it there are great chances that the goal will not be taken seriously and not met.
The flexible budget performance report directs managements attention to areas where corrective action can help control operations. Management uses the report to determine price and quantity variances.
