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In which case is a business owner's responsibility for debt or damages highest?
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Which of these favored a laissez policy because it allowed them to do as they please?
Generally, business owners were in favor of laissez-faire systems because the business owners would be free of any and all regulations.
Why is profit important to a business owner?
Profit is an important reward to business owners since in setting up and running the business the owners are taking a risk with their money. They make nothing if the business does not generate a profit. This also applies to shareholders, since they are also the owners.
Who was a strong advocate of the laissez-faire economics?
the business owners
Who did leader business owners favor Hamilton or Jefferson?
Hamilton
A business should rarely experience a decrease in?
owners equity
What modivates people to work?
Responsibility for others and necessity, for business owners in pride in achievement among others.
The Law requires owners and operators of motor vehicles to be financially responsible for damages and or injuries they may cause to others when a motor vehicle crash happens?
Financial Responsibility
A limited liability company is the best form of business for owners who?
wish to reduce their financial responsibility without incorporation.
New driver gets into accident with friends car with no insurance friend only has GDL who's liable for damages to both cars?
If it was your fault then your freind is liable for the damages. If it was the other guys fault then his insurance will pay for it. Keep in mind, while legally it is the owners responsibility for the damages, he can sue you if he wanted to.
Why would an owner choose to buy business equipment insurance?
When someone owns a business, they often take the chance of their equipment being damaged, stolen, or breaking down. Business owners often times do not have the means to pay for new or fixed equipment out of pocket, this is why it is important for business owners to demonstrate an appropriate level of financial responsibility.
Do business owners have to pay a tax on rental property?
Property taxes are generally the responsibility of the owner. They are paid for by the owner from the rent he or she receives. If the business owns a property and rents it to others, they must pay tax, but if the business rents the property, they do not.
Why is owners equity regarded as a liability to the business?
Owners equity is the amount invested by the owner of business to the company and as a seperate entity it is the liability of the business to return back that amount to owners as owners are seperate entity to business.
What argument against corporate social responsibility does Milton Friedman make?
Milton Friedman argues that the sole responsibility of corporations is to maximize profits for shareholders within the boundaries of the law. He believes that engaging in social responsibility activities diverts resources and ultimately harms society by undermining the competitive market system. Friedman also contends that individuals, not corporations, should take the lead in addressing social issues through personal philanthropy and volunteering.
Is owners equity equal to the business liabilities less the business assets?
No. Owners Equity is equal to Business Assets less Business Liabilities.
What happens when the owner invests cash in a business?
When owner invests more cash in business it increases the owners capital in business and business becomes more liable towards it's owners.
Can you remove your spouses name from a home insurance policy without there consent or signature?
No. If the property suffers any damages the proceeds will be paid over to the owners of the property. You would be committing fraud if your spouse is an owner.No. If the property suffers any damages the proceeds will be paid over to the owners of the property. You would be committing fraud if your spouse is an owner.No. If the property suffers any damages the proceeds will be paid over to the owners of the property. You would be committing fraud if your spouse is an owner.No. If the property suffers any damages the proceeds will be paid over to the owners of the property. You would be committing fraud if your spouse is an owner.
What groups most likely opposed the goals of free silver movement?
business owners
