Answer: the above statement is true to some extent. Most of the businesses today are either cooperates or limited liability companies. This is because, many businesses try to remove the personal risk associated when running a business venture. Hence, they convert it into a limited liability business so the risk is only limited to the amount they invest.
However, there are still some business that are running on a smaller scale and have unlimited liability.
Answer:
when it comes to certain stuff true
Explanation:
Answer: have utility..
Explanation: in order for anything to have worth you must br able to use it and it must work properly
Answer:
The answer is A) Organic structure
Explanation:
An organic organizational structure can be described as:
- very flexible
- extremely flat reporting structure (horizontal), few layers of management
- a manager usually controls a large number of employees, not much direct supervision
- relies on employees having high interdependence (work as a team)
- adapts well to changes
The top management of Mayer Inc. probably chose an organic organizational structure in order to foster creativity and team work.
Answer:
<u><em>Internal control area</em></u>: it is responsible to stablish monitoring process in all the areas of the organization that prevent unlawful practices that are not in compliance with the regulations, laws or any external norm applicable to the company.
<u><em>Key areas:</em></u> below find 3 areas as subjects important to control and 3 areas as departments within the company
- prevention of reputational risk, prevention of credit risk, prevention of operational risk.
- Internal audit area, Compliance area, Legal area.
<u><em>Key controls:</em></u>
- dual controls in the manufacturing of products prevent operational errors
- due dilligences of the commercial area regarding the customers that stablish a relationship with the company
- setting manuals that contain how the procedures must be done.
