Management, Loose-Leaf Version
13th Edition
ISBN: 9781305969308
Author: Richard L. Daft
Publisher: South-Western College Pub
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Question
Chapter 6, Problem 3OTJVC
Summary Introduction
To determine:
Which one of the business tactics described in the text did the Bissell brothers use to become business owners? What are some possible reasons why they rejected the other options?
Introduction:
The Bissell Brothers are seen as being successful in establishing their own business venture as they possess a great amount of self-confidence and were able to take the right decision on time. They were able to reject options that could have led to their downfall and were vigilant.
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Students have asked these similar questions
Why 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 business
for each type of business option (sole proprietorship, partnership, LLC, Corporation) create an analysis that compares each type of business option. Define each type of business. Remember to include ease of formation, liability, tax implications, control of the corporation, and any other important differences.
Sole proprietorship
Partnership
LLC
Corporation
Ease of formation
Liability
Tax implications
Control of the business
Other important differences
Choose the letter of the correct answer
What form of business consists of two or more people to carry on, as co- owners of a business for profit?
a. Sole Proprietorship c. Corporation
b. Partnership d. Cooperative
2. Your mother has Php 100,000. She wants to invest her money in the form of business that has the least amount of personal liability. What form of business would you recommend?
a. Sole Proprietorship
b. Partnership
c. Corporation
d. Cooperative
Chapter 6 Solutions
Management, Loose-Leaf Version
Ch. 6 - Prob. 1OTJVCCh. 6 - Prob. 2OTJVCCh. 6 - Prob. 3OTJVCCh. 6 - Prob. 1DQCh. 6 - Prob. 2DQCh. 6 - Prob. 3DQCh. 6 - Prob. 4DQCh. 6 - Prob. 5DQCh. 6 - Prob. 6DQCh. 6 - Prob. 7DQ
Ch. 6 - Prob. 8DQCh. 6 - Prob. 9DQCh. 6 - Prob. 10DQCh. 6 - Prob. 1EECh. 6 - Prob. 2EECh. 6 - Prob. 3EECh. 6 - Prob. 4EECh. 6 - Prob. 5EECh. 6 - Prob. 6EECh. 6 - Prob. 7EECh. 6 - Prob. 8EECh. 6 - Prob. 9EECh. 6 - Prob. 10EECh. 6 - Prob. 11EECh. 6 - Prob. 12EECh. 6 - Prob. 13EECh. 6 - Prob. 14EECh. 6 - Prob. 15EECh. 6 - Prob. 1SGBCh. 6 - Prob. 1EDCh. 6 - Prob. 2EDCh. 6 - Prob. 3EDCh. 6 - Prob. 1CFCACh. 6 - Prob. 2CFCACh. 6 - Prob. 3CFCA
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Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub
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