Sole proprietorship Study guides, Class notes & Summaries

Success Factors in Your Business organized, consistent approach Factors in Business Failure poor planning and inadequate management Entrepreneur a person engaged in strategic activities that involve initiation and development of a new business Calculated Risk something that is well thought through where all outcomes are considered Rewards of Owning Your Own Business own boss, flexible time, freedom and independence, personal satisfaction Challenges of Owni...

The purpose of legal procedure is to ensure that each party receives A. ongoing advice. B. consistent treatment. C. a reasonable verdict. D. an indictment. - Answer- b Wal-mart, Chevron Texaco, and Ford Motor Company sell stock in their companies. They are examples of which of the following types of business ownership: A. Franchisee B. Corporation C. Partnership D. Sole proprietorship - Answer- b Channels of distribution benefit businesses by A. lowering the prices of all indu...

BSM1501 Assignment 6 Semester 2 2023 Question 1 Not yet answered Marked out of 1.00 Flag question Question text What must a small business manager be able to do? a. Plan, organise, lead and control various business functions. b. Start his/her own enterprise. c. Take calculated risks. d. Identify new products or opportunities. Question 2 Not yet answered Marked out of 1.00 Flag question Question text What is the main advantage of a formal business? a. Not having to keep fi...

DECA BUSINESS MANAGEMENT & ADMINISTRATION CLUSTER EXAMS 2024/2025 (VERSIONS 1 & 2) ALL 200 QUESTIONS AND CORRECT ANSWERS (BRAND NEW!!) 1. You have a customer on the phone who always ends up talking about his personal life for far too long. Today, he's telling you a long story about his recent vacation. However, you have several other calls on the line and tons of work to do. How should you handle this situation? A. Tell the customer you don't have time to talk about personal issues...

When a company is trying to regulate its spending and track incoming funds, the accountant should prepare an income statement once CORRECT ANSWER every month. A lending company will review a borrower's accounting documentation to evaluate CORRECT ANSWER creditworthiness. Which of the following doctrines prevents a person from insuring a neighbor's house? CORRECT ANSWER Doctrine of subrogation Which of the following inventory systems is designed to record the actual costs associated wi...

Well-structured Well-structured LSB2605 Assignment 2 (ANSWERS) Semester 2 2023 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!). . (DETAILED ANSWERS - DISTINCTION GUARANTEED!). Question 1 ABC Electronics is a sole proprietorship that sells electronic gadgets. The business’s total annual turnover is R1,600,000, of which 25% is the cost price of the equipment it stocks. The owner recently hired two employees and wants to ensure that he complies with labour laws. 1.1) With...

Texas Board Questions and Answers 100% Pass ____ "Veterinarian" means any person who is licensed to practice veterinary medicine by the Texas Board of Veterinary Medical Examiners. True. § 801.002(6) - "'Veterinarian' means a person licensed by the board under this chapter to practice veterinary medicine." Direct supervision" means supervision by a responsible veterinarian who is within arms length of the person being supervised. False. § 801.002(3) - "'Direct supervision' means su...

TEST BANK FOR Corporate Finance 13th Stephen Ross, Randolph Westerfield, Jeffrey Jaffe Chapter 1 Student name:_ MULTIPLE CHOICE - Choose the one alternative that best completes the statement or answers the question. 1) Generally, among those who report directly to the are the treasurer and the controller of a corporation. A) board of directors B) chairperson of the board C) chief executive officer D) president E) chief financial officer 2) A typical chain of comma...

Test Bank for Financial Accounting; Tools for Business Decision Making 10th Edition by Kimmel Jerry J. Weygandt Jill E. Mitchell, All Chapters Covered, Complete Guide A+. CHAPTER 1 INTRODUCTION TO FINANCIAL STATEMENTS CHAPTER LEARNING OBJECTIVES 1. Identify the forms of business organization and the uses of accounting information. A sole proprietorship is a business owned by one person. A partnership is a business owned by two or more people associated as partners. A corporation is a separ...

Practice of Property Management- Real Estate Council of Alberta Questions with Verified Solutions Types of Properties 1. Single Family Residential 2. Multi Family Residential: Low High, Mid Rise High Rise, Row Housing 3. Cooperative 4. Condominium 5. Commercial Forms of Ownership 1. Individual Investors 2. Sole Proprietorship 3. Partnership 4. Limited Partnership 5. Syndication 6. Commercial 7. Government Types of Property Management Operations 1. Professional Fee Manage...