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anyanavicka [17]
3 years ago
7

A new form of business ownership (not a corporation) approved in most states since approximately 1994- combines aspects of partn

erships with the limited liability of a corporation; owners know as members:
Business
1 answer:
Amanda [17]3 years ago
6 0

Answer:

If you’re starting a new business, you have to decide which legal form of ownership is best for you and your business. Do you want to own the business yourself and operate as a sole proprietorship? Or, do you want to share ownership, operating as a partnership or a corporation? Before we discuss the pros and cons of these three types of ownership, let’s address some of the questions that you’d probably ask yourself in choosing the appropriate legal form for your business.

In setting up your business, do you want to minimize the costs of getting started? Do you hope to avoid complex government regulations and reporting requirements?

How much control would you like? How much responsibility for running the business are you willing to share? What about sharing the profits?

Do you want to avoid special taxes?

Do you have all the skills needed to run the business?

Are you likely to get along with your co-owners over an extended period of time?

Is it important to you that the business survive you?

What are your financing needs and how do you plan to finance your company?

How much personal exposure to liability are you willing to accept? Do you feel uneasy about accepting personal liability for the actions of fellow owners?

No single form of ownership will give you everything you desire. You’ll have to make some trade-offs. Because each option has both advantages and disadvantages, your job is to decide which one offers the features that are most important to you. In the following sections we’ll compare three ownership options (sole proprietorship, partnership, corporation) on these eight dimensions.

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True or false: unlike the economic system of a country, the legal system is not influenced by the prevailing political system.
tigry1 [53]

The statement is False. Unlike the economic system of a country, the legal system is not influenced by the prevailing political system.

Free market, command, and mixed economies are the three primary types. The chart that follows contrasts command and free-market economies; mixed economies combine the two. Both people and corporations are free to choose their own economic course.

A common law system has the advantage of allowing you to be certain of the outcome of your case if a similar case has already been heard. The disadvantage is that if you have a unique circumstance, a court might easily create a new law and apply it to your situation.

To learn more on economic system

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7 0
2 years ago
Households and firms with savings lend money to banks and other financial institutions. The credit supply curve shows the relati
Varvara68 [4.7K]

Answer:

B and C only.

Explanation:

The options of this question wasn't provided. Here are the options:

A.

higher real interest rate induces more investment.

B.

higher real interest rate discourages current consumption.

C.

higher real interest rate encourages more saving.

D.

all of the above.

E.

B and C only.

It is assumed that households either spend disposable income on consumption or savings. If interest rate is high, it would encourage households to save instead of spending on consumption. The same argument extends to firms.

This explains why the credit supply curve is upward sloping or positively sloped, the higher the interest rate, the higher the savings rate and the higher the credit supply. Conversely, the lower the interest rate, the lower the savings rate and the lower the credit supply.

I hope my answer helps you

8 0
3 years ago
________ can track customer satisfaction directly, measure repurchase intention and also gauge a consumer's willingness to recom
maria [59]

Answer:

A) Periodic surveys

Explanation:

The periodic survey is the survey which takes place after delivering the product and services to the customer. It can be in the form of customer feedback with respect to the satisfaction level, repurchase intention, worth of mouth, etc

By maximizing the customer satisfaction the company can able to achieve their sales targets that results into capture a maximum share in the market

Hence, the first option is correct

7 0
3 years ago
To minimize the invasion of privacy, _____.
astraxan [27]

Answer:

A. users should be able to review their records and correct any inaccuracies .

Explanation:

Once a transaction is noted and recorded in the software, there shall be access to the user only who had recorded the same, as this will provide for security and accuracy both.

If any third party is allowed to have the access to alter the records in the books then that can ruin the principle of maintaining privacy. Also in that case the responsibilities shall not stand to be completed as this calls for sharing responsibilities, and people will blame each other.

Thus, the user shall be alone to make any changes in the data already recorded by him.

8 0
3 years ago
For various reasons related to trying to prevent a catastrophic recession during the pandemic, the federal government has and wi
Novosadov [1.4K]

Answer:

$0.316 trillion per annum

Explanation

According to the scenario, computation of the given data are as follow:-

Interest rate = 0.5% = 0.005

Government Borrows = $6 trillion

Time = 20 years

Required Uniform Annual Payment= Government Borrows × Interest Rate × [(1 + Interest Rate)^Time period ÷ (1 + Interest Rate)Time period] - 1

= $6 trillion × 0.005 × [(1 + 0.005)^20 ÷ (1 + 0.005)^20 - 1]

= $0.03 trillion × [(1.005)^20 ÷ (1.005)^20 - 1]

= $0.03 trillion × (1.1049 ÷ 1.1049 - 1)

= $0.03 trillion × (1.1049 ÷ 0.1049)

= $0.03 trillion × 10.533

= $0.316 trillion per annum

3 0
3 years ago
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