Answer:
True
Explanation:
Limited liability - legal liability when the SHAREHOLDERS or founders are liable for the obligations of the company only to the extent of the capital invested in it. We can not say the stakeholders have obligations. The stock holder is the same meaning with shareholder.
The limitation of liability is one of the principles underlying the concept of a legal entity, namely that a legal entity, although an abstraction, actually has a number of features of a real person (i.e. a person), in particular, it is itself capable of having rights and bear obligations, thus limiting the rights and obligations (including liability) of persons who are participants in such a legal entity. Among the various organizational and legal forms of legal entities provided for by the laws of different countries of the world, not everyone provides a limitation of liability to persons standing behind these legal entities. The extent and nature of the limitation of such liability also varies. In some legal systems, limitation of liability is considered as a privilege that is granted to participants in a legal entity in return for fulfilling certain requirements (compliance with corporate procedures, etc.); and in case of non-compliance with these requirements, this privilege may be deemed unreasonable, and the responsibility is transferred to the property of such participants.
The economic meaning of limiting liability is to stimulate the economic activity of citizens and make more active use of investment opportunities. The existence of modern public capital markets (and, above all, exchanges) is not possible without the principle of limited liability.
Answer:
The correct answer is letter "B": members of the channel who are targeted for promotion.
Explanation:
In Marketing, a push strategy refers to the efforts companies make to reach their target clients through promotions. The push strategy focuses on retailers rather than on final consumers. The pull strategy is the approach by which manufacturers directly aim at reaching end-users.
Answer: (A) Infrastructure
Explanation:
The infrastructure is one of the component of marketing assessment as it helps in developing the various types of essential social and the internet platform for building the business.
According to the given question, Angie is basically managing the market assessment and focusing on the four major key component are as follows:
- Transportation system
- Commerce
- Distribution channel
- Communication system
Therefore, The Angie is basically evaluating the infrastructure market assessment as it helps in maintaining the services and the structure in the business firms.
Therefore, Option (A) is correct answer.
Answer:
Reflected in current and future years' financial statements, not in prior statements.
Explanation:
A change in accounting estimate can be defined as a necessary adjustment of the book value or carrying value (cost of an asset in the balance sheet minus its depreciation) of an asset, which usually arises as a result of the assessment of its current status, expected benefits in a future date and obligations with respect to the assets.
Hence, a change in an accounting estimate is reflected in current and future years' financial statements, not in prior statements. This simply means that, a change in accounting estimate should be accounted for prospectively by the accountants; this is in accordance with the International Accounting Standards Board (IASB), International Financial Reporting Standards (IFRS) and the Generally Accepted Accounting Principles (GAAP).
Also, note that a change in an accounting estimate is not necessarily a correction of errors, rather it arises as a result of change in information or a new development regarding the asset or liability. Examples of informations that are being changed in an accounting estimate are; depreciation, warranty liability, bad-debt allowance etc.
<em>Additionally, a change in an accounting estimate does not require the accountant or financial expert stating the previous financial statement. </em>
