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Tom [10]
2 years ago
6

In a wholly owned or closely held corporation, there really is little distinction between the functions of a board of directors

and those of a board of advisers. True False
Business
1 answer:
umka21 [38]2 years ago
8 0

It is true that there is little distinction between the functions of a board of directors and those of a board of advisers in a wholly owned or closely held corporation.

<h3>What is a board of directors and board of advisors? </h3>

A board of directors refers to the elected group of individuals that represent shareholders while the board of advisors refers to the group of individuals who are appointed to provide counsel businesses.

In conclusion, it is true that there is little distinction between the functions of a board of directors and those of a board of advisers in a wholly owned or closely held corporation.

Read more about board

<em>brainly.com/question/4771644</em>

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Computing Income Taxes
Anastaziya [24]

Answer:

The​ corporation's tax liability is $ 228,820.

Explanation:

To calculate tax liability we first have to find net profit. Detail calculation is given below.

<u><em>Net profit Calculation</em></u>

Sales                                                                                 $ 3,130,000

cost of goods sold and the operating expenses          ($ 2,080,000)

Interest expense                                                              ( $ 377,000)

Net profit                                                                           $ 673,000

<u><em>Tax liability Calculation</em></u>

Income fall under Tax bracket of  34%  ($75,001 to ​$10,000,0000 for corporate tax. No additional surtax will be charged as income do not fall under its net.

Tax liabilty = 673,000 * 34% = $ 228,820

​

5 0
3 years ago
Income elasticity measures the:____.
larisa [96]

Answer:

C. Responsiveness of quantity demanded to a percentage change in income.

Explanation:

Income elasticity is defined as the responsiveness of the quantity of a good demanded by an individual as his income changes, all other factors being constant.

Mathematically it is calculated as percentage change in quantity demanded divided by percentage change in income.

Income elasticity is used to find out if a good is a necessity or a luxury good.

The demand for goods that are a necessity does not change with a change in income.

However demand for a luxury good increases as income increases and vice versa

8 0
3 years ago
Agile project management involves ____ whereas traditional project management involves _______. Multiple Choice known and stable
Ainat [17]

Answer:

For comprehension purposes, I would write the question again with options attached below:

Agile project management involves ____ whereas traditional project management involves _______. Multiple Choice

a. known and stable scope, unknown requirements

b. high certainty, projects with unstable scope

c. projects with high predictability, project with unknown or unstable requirements

d. iterative and incremental delivery, upfront planning with high predictability

e. high uncertainty, projects with unknown requirements

The correct answer is option d. (iterative and incremental delivery, upfront planning with high predictability)

So, Agile project management involves <u>iterative and incremental delivery </u>whereas traditional project management involves <u>upfront planning with high predictability</u>.

Explanation:

Agile project management involves iterative and incremental delivery as Agile project management allows making changes to the product which then opens ways for iteration. Agile life cycles are composed of several iterations because of changes that might arise due to feedback during the production process of the project.

Traditional project management is highly predictable and it doesn't give room for changes as project cycles and stages are planned ahead. It's a rigid process.

5 0
3 years ago
The step in the career management process in which employees receive information about thier skills and knowledge and where thes
Liono4ka [1.6K]
Answer:  "feedback" .
_______________________________________________
8 0
3 years ago
Assume the following is the Budget Equation for a consumer: 170 Tequila + 32 Vodka = 2,810 What would be the intercept of the bu
Agata [3.3K]

Answer:

Explanation:

Let:

y=Tequila\\x=Vodka

So:

170y+32x=2810

This is an equation of a line. Let's represent it in its Slope–intercept form:

Subtract\hspace{3}32x\hspace{3}from\hspace{3}both\hspace{3} sides:\\170y=2810-32x\\\\Divide\hspace{3}both\hspace{3}sides\hspace{3}by\hspace{3}170\\\\y=\frac{281}{17}-\frac{16}{85}x

In order to find the intercept of the budget line on the Tequila axis, we need to evaluate the function for x=0, so:

y=\frac{281}{17} -\frac{16}{85} (0)=\frac{281}{17} \approx16.53

3 0
3 years ago
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