None In the Australian context, which of the following statements correctly describe thedifferences between Sole Traders and Companies as legal entities?Select one or more:a. A Sole Trader is a single person whereas a Company can (but does not need to)consist of multiple members.b. A Sole Trader has unlimited liability whereas the owners of a Company havelimited liability.c. They are not really different, just two different names for the same thing.d. A Company is a separate legal entity whereas a Sole Trader is not.

a. A Sole Trader is a single person whereas a Company can (but does not need to) consist of multiple…

Answered: In the Australian context, which of the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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The “Compliance with Standards Rule” requires that a member who performs professional services, including consulting services, comply with standards promulgated by bodies designated by Council, regardless of whether the member is holding out as a CPA. The standards applicable to members performing consulting services are set forth in the Statements on Standards for Consulting Services (SSCSs) and specifically state that such standards apply to members holding out as a CPA while providing consulting services. Would a member who does not hold out as a CPA be in compliance with “Compliance with Standards Rule” if the member did not comply with the SSCSs while performing consulting services for a client? Yes or No
The agency problems may appear in THE FOLLOWING instances except: a. Efficient markets for corporate control, management, labour and corporate information b. There is “information asymmetry.” Management and shareholders do not have access to the same information; and c. The company’s Board of Directors fails in its oversight duties d. There are conflicting interests between the management and shareholders of the firm
Which of the following statement describe a sole proprietorship? a. Owner in sole proprietorship has less responsibility in running his business compared to partnership b. The owner of sole proprietorship has less available capital compared to partnership c. The sole proprietorship business has unlimited capital compared to partnership d. The liability of sole proprietor is limited compared to partnership
Mr Anil, Mr Babloo and Ms Chetna wish to setup an export unit registered in India exporting Fast Moving Consumer Goods to Latin American Countries. They hired you as a consultant in Company affairs. Point out the process to establishing Company, what rights and privileges this company acquires after incorporation
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Noodleoo, a struggling restaurant chain, wants to enact a franchise agreement with Stephen to sell its product through a chain-style franchise. Stephen agrees and opens the store, and 6 months later Noodleoo goes bankrupt. Which is most likely true of this situation? Stephen was not responsible for looking into the financial status of Noodleoo before making the agreement. The Franchise rule does not apply to struggling companies. If Noodleoo was not transparent with its financial data, Stephen has no recourse. If Noodleoo was not transparent with its financial data, it has broken the Franchise Rule.
At a recent board meeting of Co., a non-executive director suggested that the company’s remuneration committee should consider scrapping the company’s share option scheme, since the executives could be rewarded by the scheme even when they do not perform well. A second non-executive director had a view that, even when the executives act in ways which decrease the agency problem, they might not be rewarded by the share option scheme if the stock markets were in decline. REQUIRED: Explain the nature of the agency problem and discuss the use of share option schemes and performance-related pay as methods of reducing the agency problem in a stock-market listed company.
BUSINESS LAW (263) Which of the following statements is correct regarding a limited partnership? Group of answer choices The general partner must make a capital contribution. It can only be created pursuant to a statute providing for the formation of limited partnerships. It can be created with limited liability for all partners. At least one general partner must also be a limited partner.
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Co-branding is ________. A) the process of selling a famous brand to a third party B) an agreement to produce and market another company's product C) a legal protection given to owners for exclusive rights to the use of brands D) a method of testing and evaluating a new product E) a partnership

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