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What is business undertaking?

A business undertaking is an institutional arrangement to conduct any type of business activity. The undertaking may be run by one person or association of persons. It may be based on formal or informal agreement among persons who undertake to run the concern. The persons join together and pool their resources. They conduct the activities of the undertaking for the benefit of all.A number of forms of organizations exist to suit the standards requirements of different business undertakings. There are five types of business undertakings:Sole Proprietorship.PartnershipLimited Liability Company.Joint Stock Company.Cooperative Society.


What is business relationships?

business relationships are the thing that 2 or more persons works on


Does the U.S. government tax business incomes at the same rate as individual incomes?

If we exclude various exemptions, credits, deductions, and inducements available to business (persons) as opposed to private persons (and vice versa), net income is generally taxed at a uniform rate for all persons - where business entities are deemed to be legal persons - with income subject to taxation.


What is the definition of a business letter?

A business letter is a communication regarding a matter of business to or from a business, public or private organization, or a private person (persons).


What is the definition of the business letter?

A business letter is a communication regarding a matter of business to or from a business, public or private organization, or a private person (persons).


What is the scope and nature of Business Law?

Business Law may be defined as that branch of law which prescribes a set of governance of certain transactions and relations between:Business persons themselves,Business persons and their customers, dealers, suppliers, etc., andBusiness persons and the state.The nature of the business law is that it acts in respect to the location of the business and the area of activity. The business law usually depends on the governing authority.


What represents business that have a specific legal identity separate from the identity of the person or persons who operate the business?

corporations


Who are the people involve in a catering business?

Generally just the owner(s), bakers/chefs and delivery persons. Other business persons when they make enough money like accountants, security, etc.


What term matches the following definition a major grouping of activities that reflect a specific aspect of a persons job?

Duties, or responsibilities


What form of business organization wherein 20 persons can manage?

20 persons are good enough to manage a company , firm , partnership , corporation or Limited company , any legal business can be managed by 20 people


Why is a skilled labor necessary for a business?

it is necessary because, it is use to show that the business will function accurately with highly educated persons


What does the code of Hammurabi suggest as the responsibilities for neighbors?

24. If persons are stolen, then shall the community and ... pay one mina of silver to their relatives.