You are asked to provide two friends who are in business together with advice regarding what they need to do to legally in order to form a limited liability company. Although your friends like the general notion of limited liability in the operation of
their business, they are totally unfamiliar with the legal processes for forming a LLC, so you need to provide them with the basic requirements for LLC creation. What specific advice would you give them?
?A limited liability company comes into existence only after articles of incorporation have been filed with the secretary of state. The articles must state the name, purpose, duration, registered agent, and principal office of the business. The name of the entity must include "LLC" or the words "limited liability company."
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A cost accounting system uses which of the following inventory systems?
a. periodic system b. perpetual system c. both a periodic and perpetual system d. a hands-on system
A restaurant decides to offer a lunch buffet instead of a la carte ordering. Which of the following is not a co-production benefit of the restaurant’s decision?
a. Increase in cost efficiency from being able to serve more customers without needing more waitstaff b. Increase in guests’ perceived control since they can choose their favorite foods in their preferred quantities from the buffet c. Increase in production efficiency from utilizing a kitchen that might otherwise be more idle d. Increase in inventory efficiency from minimizing food waste
Answer the following statement(s) true (T) or false (F)
1. A learning content management system (LCMS) can be used to store and develop T&D content, such as multimedia files, templates for training courses, or assignments. 2. Human capital is considered a key source of competitive advantage. 3. The manner in which adults learn and are motivated to learn differs fundamentally from the ways in which children and adolescents learn. 4. As firms grow in size, their need to manage training activities and training data more effectively and efficiently remains the same. 5. The costs involved in training are difficult to establish.
A drawback of cloud computing is that an extremely reliable Internet connection is a must
Indicate whether the statement is true or false