Understanding Business with Connect Access Card
12th Edition
ISBN: 9781260277142
Author: William Nickels, James McHugh, Susan McHugh
Publisher: McGraw-Hill Education
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Question
Chapter 5, Problem 3CT
Summary Introduction
To critically think about: The partner is required to start the business or not and skills needed in the partner.
Introduction:
Graphic designer is the one who communicates the ideas through visual concepts that inform, inspire and attract customers. Graphic designers develop the overall layout and production designs for the advertisements, magazines and corporate events.
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Students have asked these similar questions
Would you consider entering into a business partnership with your best friend? Why or why not?
Juan wants to be involved in business. He has plenty of capital to invest, but he does not want to be involved in management. He also does not want to worry about fluctuations in the market prices of debt and equity instruments. Which form of business would be best for Juan?
A. General partnership
B. Sole proprietorship
C. LLC
D. Corporation
Forming a partnership enables entrepreneurs to combine their skills and knowledge. What is another perk of a partnership?
Â
a)
It offers the most entrepreneurial protection.
Â
b)
There is someone to share the business debts with.
Â
c)
There is a lot of government control involved.
Â
d)
Employment laws need not be followed.
Chapter 5 Solutions
Understanding Business with Connect Access Card
Ch. 5.1 - Prob. 5.1AQCh. 5.1 - Prob. 5.1BQCh. 5.1 - Prob. 1TPCh. 5.1 - Prob. 2TPCh. 5.2 - Prob. 5.2AQCh. 5.2 - Prob. 1MEDCh. 5.2 - Prob. 3TPCh. 5.2 - Prob. 4TPCh. 5.3 - Prob. 5.3AQCh. 5.3 - Prob. 5TP
Ch. 5.3 - Prob. 6TPCh. 5.3 - Prob. 7TPCh. 5.3 - Prob. 8TPCh. 5.4 - Prob. 5.4AQCh. 5.5 - Prob. 5.5AQCh. 5.5 - Prob. 5.5BQCh. 5.5 - Prob. 5.5CQCh. 5.6 - Prob. 9TPCh. 5.6 - Prob. 10TPCh. 5.6 - Prob. 11TPCh. 5 - Prob. 1CECh. 5 - Prob. 2CECh. 5 - Prob. 3CECh. 5 - Prob. 4CECh. 5 - Prob. 1CTCh. 5 - Prob. 2CTCh. 5 - Prob. 3CTCh. 5 - Prob. 4CTCh. 5 - Prob. 1DCSCh. 5 - Prob. 2DCSCh. 5 - Prob. 3DCSCh. 5 - Prob. 4DCSCh. 5 - Prob. 5DCSCh. 5 - Prob. 1PPTCh. 5 - Prob. 2PPTCh. 5 - Prob. 1VCCh. 5 - Prob. 2VCCh. 5 - Prob. 3VC
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Similar questions
- (1) Would you consider entering into a businesspartnership with your best friend? Why or why not? (2)Now turn the question around: Would your best friendconsider having you as a business partner?arrow_forward1. Ask yourself and list down what qualities do you want from a business partners, and then identify people who have these qualities to be a partner for a small business project. Â 2. Answer the following: What market - product can be converted into business opportunity? What role will each of the partners play (who to do buying, who to do marketing, who to do selling, who to do delivery, etc.)? Who among you shall be the head of the partnership? Why? How will profit be split? What are sales goals weekly for the next four weeks? 3. Who among the successful entrepreneurs you know can be your mentor? Why?arrow_forwardAfter months of insufficient recognition (and two years without a raise), you accept an offer from anotherfirm for a $2,000-a-year raise. When you tell your boss you are resigning, you are told how crucial you are tothe business and are offered a raise of $2,500 per year. What do you do? Why? What problems might exist ifyou accept the buy-back?arrow_forward
- What are the advantages and disadvantages of having an active board of directors? Who should sit on the board, and what should the founders expect the directors to do?arrow_forward(1) If you were on the board of directors at a companyand the CEO proposed a merger with a topcompetitor, what types of questions would you wantanswered before you gave your approval? (2) If aCEO has an opportunity to merge with or acquireanother company and is reasonably certain that thetransaction will benefit shareholders, is the CEOobligated to pursue the deal? Why or why not?arrow_forwardDefine the following types of organizations and give an example of each. Also, how are profits taxed in each organization? Sole proprietorship Partnership LLC S-Corporation C-Corporation Which of the above organizations do you think would be the best for a start-up? Why?arrow_forward
- (1) Would you prefer going into a business with aseasoned professional you don’t know well or withsomeone you know, like, and trust but who doesn’thave a lot of business experience? Why? (2) What arethe three most important qualifications you would lookfor in a potential business partner?arrow_forwardwhat is the company background of Jollibee?arrow_forwardWhy would someone put up a sole proprietorship?  A)All options are correct B)To take control of all the aspects of the business C)To enjoy all profits that can be made from the business D)To make all decisions regarding the businessarrow_forward
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