Why would it be less risky for an individual to incorporate his or her business rather than to operate it as a sole proprietorship or partnership?
With a sole proprietorship or partnership, the owner or owners have unlimited liability. That is, they may be required to use personal assets to satisfy business debts. The liability of a corporate shareholder, however, is limited to his or her investment in the business.
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Graphical models are analytical models that provide a visual picture of the relationships between variables
Indicate whether the statement is true or false
Emma runs a small business and wants to improve communication among her increasingly diverse staff. Which of the following should she do?
A) Consider having employees take part in diversity awareness training. B) Encourage employees to think alike so that conflicts can be avoided. C) Expect conformity from her employees. D) ?Assume that her employees will adapt to her primary culture.
Identify nine reasons organizations outsource projects
What will be an ideal response?
All of the following statements regarding sales returns and allowances are true except:
A. New revenue recognition rules require sellers to report sales net of expected returns and allowances for annual periods. B. Sales returns and allowances estimates are typically made as period-end adjustments. C. When sales returns and allowances adjustments are made to sales, an estimate must also be made for the cost side. D. Sales Refund Payable is a current liability account. E. The Inventory Returns Estimated account is a current liability account.