Answer:
Control
Explanation:
Control in management as well as organization is very essential, it is very crucial for organization to achieve their goals. Control helps in the area of taking corrective measures whenever the needs arrises. It involves using technical as well as physical method in regulation of activities within an organization which will later reduces risk. It should be noted that control is
used to describe a technical, physical, or administrative process designed to reduce risk.
Answer:
$940,000
Explanation:
The computation of the general and administrative expense is shown below:
= Legal and audit fees + rent for office space × basis
= $580,000 + $720,000 × 50%
= $580,000 + $360,000
= $940,000
In order to find out the general and administrative expense we simply added the legal & audit fees and the rent for office space so that the correct amount could arrive
M1 and M2 are the 2 main official measure of money.
M1 measures more liquid assets that are easily accessible to the owner including cash and checking accounts. M2 measures all of M1 plus "near money" which is money tied up in investments like savings, mutual funds, and other investments.
Answer:
If a limited partner actively participates in day-to-day management of the business, he or she may forfeit limited partner status and lose limited liability for debts and liabilities: Given statement is a. True
Explanation:
A limited partner are also known as silent partners. They are part owners whose liability of the debts of the firm cannot exceed the amount that he invested in the company.
A limited partnership would have one general partner and at least one limited partner. The general partner is the one who manages the business from day-to-day.
Limited partners do not manage the day-to-day affairs of the business. In case they do, they are then treated as general partners. And would lose the limited liability for debts as stated in the statement. This, it is true.