1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
fenix001 [56]
3 years ago
14

What is the difference between sole proprietor and partnership?

Business
1 answer:
sveticcg [70]3 years ago
3 0

Answer:

A sole proprietorship is a person who owns the business and is personally responsible for its debts. It is not a legal entity.

A partnership partnership shares the responsibilities, resources, and losses

Explanation:

You might be interested in
31. Why is a profit and loss statement useful for a business? (1 point)
rewona [7]

Answer:

D It consolidates essential information about the business.

Explanation:

The Profit and Loss statement, commonly known as PyL is the statement that consolidates the operation in each period. In general, it is useful to determine: the revenues, the operating profit, The EBITDA (Earnings Before Interests and Taxes plus Amortization and Depreciation), the Profit before taxes and the net profit.

4 0
3 years ago
Read 2 more answers
What is the main difference between the equity and exchange philosophies of compensation?
kykrilka [37]
The equality pilosophy base on available budget, the exchange pilosophy is based on profit margins.

The equality pilosophy is based on fairness, the exchange pilosophy is based on employee value
3 0
3 years ago
The sum of two numbers is 62 and their difference is 16.what is the larger of the two numbers?
Furkat [3]

The larger number is 39.

8 0
4 years ago
The revenues budget identifies: a. expected cash flows for each product b. actual sales from last year for each product c. the e
alex41 [277]

Answer:

c. the expected level of sales for the company

Explanation:

Revenue/Sales Budget is the first budget to be prepared by most companies because most businesses are sales led.

This Budget shows, the expected level of sales for the company.

5 0
3 years ago
Which of the following statements are true about organizational culture? Check all that applya. Employees may be unaware of the
erma4kov [3.2K]

Answer:

statements "a" "b" and "d" are true

Explanation:

The <u>statements "a" "b" and "d" are true</u> because employees may be uninformed of the underlying hypotheses that supervise an organization's culture. Culture can generate ambitious resources for a company. The actions managers exert can improve a company's culture. Organizational culture encompasses values and practices that provide the different social furthermore psychological situation of a company. The organizational culture changes the way people communicate, the circumstances within which culture is created, the revolution they will have towards specific changes, and presently the way they participate.

6 0
4 years ago
Other questions:
  • ___ requires creditors to provide borrowers with a complete written account of credit terms and costs.
    7·1 answer
  • Freda's Florist reported the following before-tax income statement items for the year ended December 31, 2016:
    13·1 answer
  • Mellow Co. depreciates a $12,000 asset over five years, using the straight-line method with no salvage value. At the beginning o
    7·1 answer
  • Equity securities in which the investor owns less than​ 20% ownership in the voting stock of the investee generally can be class
    15·1 answer
  • Oreo Corporation has accumulated E&amp;P of $8,000 at the beginning of the current year. During the year (a nonleap year), the c
    8·1 answer
  • Jonathan is the CEO of a cell phone manufacturing company. At the company's Annual General Meeting, he made an announcement to t
    9·1 answer
  • Tanek Corp.'s sales slumped badly in 2017. For the first time in its history, it operated at a loss. The company's income statem
    10·1 answer
  • WILL GIVE BRAINLIEST HELP ASAP
    9·2 answers
  • 3.Part 2 Management agency agreement – complete and submit for marking Maria’s agreement only.
    9·1 answer
  • FILL IN THE BLANK. online businesses that are ___ companies cannot, in general, borrow from a bank or offer bonds or stock to in
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!