Corporations pros cons Study guides, Class notes & Summaries

Financial Accounting: Tools for Business Decision Making Exam 1 2024 sole proprietorship - answera business owned by one person Pros of a sole proprietorship - answer•It is simple to set up • It gives you control over the business, and • More favorable tax treatment than corporations Cons of forming a sole proprietorship - answerThe proprietor is personally liable for all debts and legal obligations of the business Partnership - answerA business owned by two or more persons associa...

True or False: The credit union's BSA Officer is ultimately responsible for the credit union's BSA compliance. - Correct answer-False. Although the BSA Officer is responsible for coordinating and monitoring day-to-day BSA/AML compliance and managing all aspects of the BSA compliance program, the credit union's board of directors is ultimately responsible for the credit union's compliance. This is why it is critical that the board of directors designate a qualified BSA officer and rece...

Financial Accounting: Tools for Business Decision Making Chapter 1 Exam 100% Solved sole proprietorship - answera business owned by one person Pros of a sole proprietorship - answer•It is simple to set up • It gives you control over the business, and • More favorable tax treatment than corporations Cons of forming a sole proprietorship - answerThe proprietor is personally liable for all debts and legal obligations of the business Partnership - answerA business owned by two or more...

Test Bank For Entrepreneurship: The Practice and Mindset 1st Edition by Heidi M. Neck Christopher P. Neck ,Emma L. Murray Chapter 1: Entrepreneurship: A Global Social MovementTest Bank Multiple Choice 1. The authors define entrepreneurship as . a. a discipline that seeks to understand how opportunities are discovered, created, and exploited, by whom, and with what consequences b. starting a small business by finding investors and launching a product c. developing a new market by crea...

MKT 415 Topic 2 DQ 2 Discuss why companies use their founder, president, or CEO as an advertising spokesperson. What are the pros and cons of this practice for both major corporations and smaller companies, such as a local retailer?

Financial Accounting: Tools for Business Decision Making Exam 1 2024 sole proprietorship - answera business owned by one person Pros of a sole proprietorship - answer•It is simple to set up • It gives you control over the business, and • More favorable tax treatment than corporations Cons of forming a sole proprietorship - answerThe proprietor is personally liable for all debts and legal obligations of the business Partnership - answerA business owned by two or more persons associa...

Globalization - International integration that occurs from interchange of world views, products, ideas, and other aspects of culture. Globalization Opportunities - *demand for new products *lower labor cost *less expensive natural resources *operate internationally to increase revenue and lower cost. Economic Effect on Globalization - *widespread international movement of goods, capital resources, services, information, etc. *countries are increasingly interdependent by border-crossing...

Financial Accounting: Tools for Business Decision Making Chapter 1 Exam 100% Solved sole proprietorship - answera business owned by one person Pros of a sole proprietorship - answer•It is simple to set up • It gives you control over the business, and • More favorable tax treatment than corporations Cons of forming a sole proprietorship - answerThe proprietor is personally liable for all debts and legal obligations of the business Partnership - answerA business owned by two or more...

Industrial Revolution - ️️the change from an agricultural to an industrial society and from home manufacturing to factory production, especially the one that took place in England from about 1750 to about 1850. Factors Promoting Industrial Growth - ️️-Factories built to make arms for the civil war -urbanization -inventions of new products -expansion of railroads -influx of immigrants Big Business - ️️Term used to describe the corporations and monopolies since the industrial...

MHA 706 Midterm- Lord Questions and Answers 100% Solved Proprietorships & Partnerships: Pros & ConsPros: Ease of Information, Subject to a few regulations, no corporation income taxes. Cons: Limited life, difficult to transfer, unlimited life, difficult to raise capital. Corporations: Pros & ConsPros: Unlimited life, easy transfer of ownership, limited liability, ease of raising capital. Cons: Cost of formation and reporting, double or triple taxes must be paid. Non-profit Organizatio...