Give 2 takeaways in the importance of Non-Legal Law in Business Law and Give 1 Takeaway in the importance of State Law in Business Law
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Give 2 takeaways in the importance of Non-Legal Law in Business Law and Give 1 Takeaway in the importance of State Law in Business Law
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- Give 3 importance of fulfilling the Obligation of Obligor and Obligee in Business LawName the three types of legal business structure. Describe one advantage and one disadvantage of each.please answer correct in detail Identify each of the following characteristics as being an advantage or a disadvantage of the corporate form of business or not applicable to the corporate form of business organization. 4. Unlimited liability of owners 5. Government regulations 6. Seperation of ownership and management
- In terms of Accounting Theory: Part A - What are the symptoms of a regulatory system being public, private or capture? Part B - What is the difference between private interest theory and regulatory captureAnswer on these three senarios: Senario 1: Evaluate the essential trade-off faced by government in designing regulation of public firms? Senario 2: Discuss the essential trade-off faced by government in designing regulation of public firms? Senario 3: Many of the provisions of the Sarbanes-Oxley Act of 2002 were aimed at auditors.How does this affect corporate governance? Critically analysis.I. Practice of Public Accountancy II. Practice in the Government III. Practice in Commerce or Industry IV. Practice in Education/Academe Accountants practicing under numbers I to II are considered in public practice. TRUE OR FALSE. EXPLAIN.
- Explain breifely about the theories of accounting regulation – public interest theory, capture theory, economic interest, group theory.41 Select the one, that is considered as various forms of regulation in a business organization: a.Regulation of consumer relations b.All of the options c.Regulation of monopoly d.Regulation of employee relationsIdentify the key classifications along with key case law examples as to when a court will pierce/lift the corporate veil.
- Based on your understanding, why do agency relationship exist within businesses particularly for corporation? What is conflict of interest and how is this related to agency relationship within business firms?Business is a sub- system of Society‟. Which of the following option supports this claim? Choose correct answer a. Corporate Social Responsibility. b. Corporate Governance. c. Governing Principles. d. Ethics.Economics (a) Which would you choose as the priority for ethical behaviour in the accounting profession: “protect the public interest” or “protect the credibility of the profession?” Explain, providing an example. (b) Explain the affiliation between the fiduciary relationship and conflict of duties when a professional accountant provides a service to a client. Provide an example
