Define Franchise.

Q: Service- industry example

A: Service industry: A service industry is an economic sector that delivers particular intangible…

Q: Define corporation

A: Corporation is a legal entity separate from its shareholders. Just like an individual, a corporation…

Q: Define partnership

A: A partnership is a legal agreement between 2 or more person to run the business for a foreseeable…

Q: Define Goodwill.

A: Goodwill refers to the intangible asset which arises when buyer acquires the existing business.

Q: Define target company

A: Companies expand by acquiring or merging with other companies. By purchasing companies, company can…

Q: Define the term service company.

A: A service company is a business that generates income by providing services instead of selling…

Q: Partnership

A: Correct answer is  C  Partnership.

Q: What are “participation rights”?

A: Convertible securities: Convertible security is a security that has the potential to be converted…

Q: Briely discuss the advantage and disadvantage of franchise.

A: A franchise is a sort of license that allows a franchisee to sell a product or service under the…

Q: What is AB Share Mechanism and what is this mechanism used for?Provide Example

A: An organization's total capital is bifurcated into many units. Each unit represents ownership in the…

Q: Define Pledging.

A: When we talk about pledging in terms of accounting, it is to be noted that the word pledging is…

Q: Accountability in

A: Accountability is assigning roles and responsibilities of persons regarding work done by them.

Q: Explain the features ofa corporation

A: Corporation: A corporation is a form of business entity that is incorporated through the state…

Q: Define bylaws

A: An organization's Bylaws are the core values the association works under.

Q: Define rights offering

A: A rights offering is an offer made by a Company to issue additional stock to the existing…

Q: Define the term performance obligations.

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: Define customers

A: Inventory: It can be defined as all the goods, items, materials, and merchandise that are held by a…

Q: Define trademarks.

A:

Q: Define agency conflict

A: Agency conflict denotes to the conflicts that arise between the agent and Principal. In the finance…

Q: Define bill-and-hold arrangement with example.

A: Bill on hold: Bill on hold transaction specifies that shipping of the product is not done by the…

Q: Define leverage

A: Financial accounting: Financial accounting is the process of recording, summarizing, and reporting…

Q: Explain the term Voluntary Conveyance

A: Voluntary Conveyance: Voluntary conveyance is defined as an elective transmission of title from one…

Q: Define Pooling of interests method

A: The pooling of interest is a technique used for the M&A between two companies. In this method,…

Q: Define classified boards

A: In classified board structure, certain board of directors are classified depending on time length of…

Q: Discuss the objectives of segmental information and the requirements for the disclosure of segmental…

A: Segmental information: Segmental information is the way of providing the overall information about…

Q: Define Vested benefits.

A:

Q: Define charter

A: Introduction: Charters are legalized documents that lawfully set up corporate companies. Only…

Q: Identify the following users as either external users (E) or internal users (I). Consumer group

A:

Q: Mutual agency is defined

A: In a partnership, two or more parties agree to operate and manage a business and share the profits…

Q: Differentiate between a private placement and apublic offering.

A: Private placement is sale of debt or securities between a company & selected number of…

Q: Explain Bill-and-hold concept.

A:

Q: Define S corporation

A: The S corporation is a tax election that legal business entities can choose to elect for taxes…

Q: Define vested

A: Vested in simpler terms means to confer or bestow power, the authority on someone. In commerce and…

Q: Define license.

A: A license is a official permission in written given by licensor to use or do for which permission is…

Q: Explain consignment arrangement with example.

A: Goods in transit: Goods in transit can be described as the inventories which are shipped by the…

Q: Distinguish between responsibility, authority, and accountability.

A: Responsibility: When a sub-ordinate is obligated to perform the duties assigned to him, it becomes…

Q: Differentiate between private and public markets.

A: There are two types of markets for dealing with securities like stocks & bonds. They are public…

Q: Define Explicit Interest.

A: Explicit interest is the amount of interest paid by loan or in other words actual interest paid on…

Q: Define Households.

A: A household refers to a social entity of people living in a house or a home. However, this…

Q: Define agency cost or problem

A: Agency problem is that problem which is a conflict of interest in a relationship where one side…

Q: Define service sector.

A: Service Sector: The service sector produces intangible goods, more precisely services instead of…

Q: Explain Prudence concept and provide example.

A: Following accounting concepts & principles are used in accounting:     Business entity principle…

Q: Define underwriting syndicate

A: An underwriting syndicate is headed by a bank known as the lead underwriter. It is a group of banks…

Q: Define subsidiary

A: A corporation refers to a legal entity that is completely distinct from its owners. It is allowed to…

Managing Agency Conflict

Conflict is defined as an act of disagreement between two parties caused by uncertainties between them. The conflict has a negative outcome that affects both parties involved in the argument. Conflict arises when the parties' thoughts do not align or go in opposite directions. Conflicts have negative consequences for both the individual and the business. As a result, it should be avoided.