earnings per share b. maximizing dividends per share c. maximizing the price of existing common stock d. maximizing stockholders equity 4. A limited partnership provides limited liability to ________. a. all general partners b. only limited partners responsible for day to day management of the firm c. only to limited partners who do not participate in the management of the business d. all partners 5. Pie is deciding whether or not to invest P50‚000 in a business
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CH. 3: BUSINESS ORGANIZATIONS: PARTNERSHIPS (GPPs‚ LLPs AND LPs) Overview: Three kinds of partnerships: General partnership (“GPP”) Limited liability partnership (“LLP”) Limited partnership (“LP”) General Partnerships (“GPP”): (1) Description Two or more legal entities (individuals‚ corporations) owning and operating a business together for profit (2) Formation a) Requirements: Partnerships Act (“PAct”) says GPP arises automatically if 4 requirements met: (i) 2
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Structure of Business Organisations Sole Traders General Partnerships Limited Patnerships Limited Liability Partnerships Companies Key Legislation General Law of Contract Partnership Act 1980 Limited Partnerships Act 1907 Limited Liabity Partnerships Act 2000 Companies Act 2006 Liability Unlimited Liability Each Partner jointly and severally liable Limiteed Liabiliy for limited partners and unlimted liability for general partner Limited to the amount tas they have agreed Depending on the type
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Applicable Law (either supreme or as gap fillers) a. Sources i. Agency law 1. Applies where there are principal / agent relationships ii. Partnership law 1. Superimposed on obligations contained in the contract iii. Statutes 1. Vary depending on type of business entity 2. Regarding
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1. Similarities a. Both the textbook and the GameStop conflicts of interest policy mention that a conflict of interest arises when an employee’s clear judgement can be affected. b. Acceptance of gifts‚ favors‚ or excess services are considered a COI if the additional item is from a business that has dealings with tour business. c. Preforming any task of service that would differ from making a judgment against the interest of a given company. d. A COI may exist when one employee is directly supervising
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The ideal joint partnership for Marriott will be with a corporation that has tangible and intangible resources (i.e.‚ assets‚ skilled employees) and years of experiences in the business which would be complementary (Schmitz‚ 2012; Jurevicius‚ 2013); therefore‚ assessing the strengths and weaknesses of a potential partner is vital. Strengths. Strengths of Frasers are analyzed to determine how they align with Marriott’s search for joint partnership (Fraser Centrepoint Limited‚ 2017; Fraser Centrepoint
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amounts to extreme and outrageous conduct resulting in severe emotional distress to another. Outrageous Conduct: Courts in most jurisdictions are wary of emotional distress claims and confine them to situations involving truly outrageous behavior. Limited by the First Amendment: When the outrageous conduct consists of speech about a public figure‚ the First Amendment’s guarantee of freedom of speech also limits emotional distress claims. e. Defamation: wrongfully hurting a person’s good reputation
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Organizational Forms A. Explain how at least six of the seven key characteristics listed in the introduction to this task apply to each of the following organizational forms: The goal of this report is to provide the owner of the business with a clear guide to each organizational form as well as how each characteristic applies to each form. A1a. Sole proprietorship A sole proprietorship is a business form in which one person is the owner of the business. Within this form the owner has no
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One advantage is that the business can be closed down at any time and any financial obligations can be paid off. Another advantage is that the business has no boss‚ partner‚ or board of directors to answer to. One disadvantage is that there are limited personal financial resources. You will have to have the credit to borrow money and if the business fails‚ creditors can come after business assets as well as personal assets. Liability: Business assets and liabilities become the owner s personal
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female members in a HUF‚ the HUF would still exist. HUF as a partner in a partnership firm HUF is a joint family consists of all lineally descended from a common ancestor. Hence‚ HUF is a group of members of the same family. The "father"‚ or the "senior member" of the family called "Karta"‚ ordinarily manages the property belonging to Joint Family. Hence‚ the status of HUF cannot be termed as person. The partnership is a relationship between persons who have agreed to share the profits of a
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