Gertruda Klump, the manager of the Regent has decided to open and manage her own hotel with her best friend, Claude who will also have an ownership interest. In light of the recent lawsuits, she is very concerned regarding personal liability for the debts and obligations of the business. Gertruda also doesn’t want to pay more taxes than necessary. Which of the following would provide her the best balance between liability and taxes under these circumstances? Group of answer choices Sole Proprietorship Limited Liability Company General Partnership LImited Partnership
Q: Discuss various types of motivation in the organizations.
A: Concept Introduction : Motivation is an essential managerial task is to inspire employees with an…
Q: Detail and discuss the expenses involved in opening for business and how the capital can be…
A: Startup costs are one-time expenses made during the initial phases of a new business. Each startup…
Q: You have started a new debt consulting firm aimed at helping South African consumers manage and…
A: INTRODUCTION: Due to technological advancements and globalization, the nature of labor is changing…
Q: Explain the research process in detail
A: Research is a very important function as it helps the management make better decisions to take…
Q: Many workers are unaware of ethical dilemmas. What can be done in ethics education to assist…
A: There is an ethical issue in business when a decision, course of action, or scenario contradicts the…
Q: Briefly explain what is meant by the term "service contract" and provide an example.
A: Contract is an agreement between two or more parties which is enforceable by law. It means that…
Q: List some of the sources of employee grievances .
A: Concept Introduction : Employee Grievances result from what the offended employee perceives as…
Q: As the businesses becomes increasingly global, human resource planning becomes more complex.” what…
A: About Human Resource Planning - Human Resource Planning, is a type of concept, which is described as…
Q: Discuss the importance of Business Environment.
A: All individuals, groups, and other influences that are out of the industry's control but might have…
Q: Describe a ethical dilemma. How can one overcome an ethical dilemma?
A: The moral frameworks that people and organizations use to direct their decision-making and…
Q: What is authority and it's characteristics?
A: Authority is the key to success in management jobs. The capacity to carry out managing…
Q: What are the benefits of training program?
A: Employee training programs are popular in both start-ups and existing businesses because they offer…
Q: Brief Exercises List the advantages and disadvantages of a corporation. BE11.1 (LO 1) K Angie Baden…
A: Note: “Since you have asked multiple questions, we will solve the first question for you. If you…
Q: What factors should be considered in mind while using authority for it's sucessful use?
A: The quality of an order in a formalized organization that allows its members to recognize it as…
Q: Having a well-established business processes serves which of the following strategy? Meet the…
A: A business process is an action—or a sequence of actions—that accomplishes a particular…
Q: Enumerate What is the role of effective team in an organisation ?
A: Introduction : In many various industries, teamwork is employed to boost output, employee…
Q: Discuss the following for Volkswagen Group: What are the firm’s existing strategies and…
A: A strategy is a plan that is designed by an organization to achieve the goals and objectives of the…
Q: Why is innovation in management practices important ?
A: Concept Introduction : Innovation management is a management approach that aims to develop lasting,…
Q: What key ares make a recruitment process free from bias?
A: Recruitment is the process of searching for the desired candidate to fill the vacant post in the…
Q: how does knowledge management helps in raising competitive edge of an organization ?
A: Knowledge management systems refer to an IT system that stores organizes and, retrieves…
Q: While videoconferencing is perceived as a "rich" medium for online negotiation, there remains some…
A: Online negotiations have grown commonplace since they are rapid and inexpensive when conducted…
Q: AXA How does a global insurance company create an effective corporate culture? Deciding on a…
A: The organizational aim will be to sustain in the market, and to increase the profitability status of…
Q: discuss how work environment impacts employees positively?
A: Introduction : Work environment refers to the components of the context in which employees function…
Q: Write on the necessity for innovation and creativity in management.
A: The actions are taken to ensure that information, economic, physical, and human resources are being…
Q: Where is the answer to the 2 question? please indicate.
A: INTRODUCTION: Success, it is stated, can only be attained when there is a strong will to do so. This…
Q: What leadership qualities are necessary for an effective business manager?
A: The definition of leadership is the capacity to motivate and direct followers or other group…
Q: What are the key legal forms of business, and what implications does the choice of a business form…
A: The overall management of an organization's resources that results in the achievement of goals and…
Q: Can I have long well-explained answers to these? Thank you 1.What to you are the most important…
A: Disclaimer- "Since you have asked multiple questions, we will solve the first question for you. If…
Q: Analyse the impact of information technology on competitiveness of global business strategies as…
A: The organizational aim will be to sustain in the market, and to increase the profitability status of…
Q: Question 1 Discuss the type of roles that strategic humanresource management must play to assist an…
A: About Strategic Human Resource Management - Strategic Human Resource Management, is a type of…
Q: Write what are the strategies which are used by an organisation to deal with the workplace stress ?
A: Work stress occurs when an employee's abilities, abilities, or requirements do not match the demands…
Q: Debra began looking for physical locations that would fit with the theme of her online boutique…
A: Debra wants a place where she can stock her boutique products and then sell them using an online…
Q: A personal development plan detailing the leadership skills you want to develop and those you want…
A: Note- As per Bartleby guidelines the solution is being generalized. Leadership is the ability of…
Q: Mangement question What are the principles of business ethics?
A: Business ethics is the study of appropriate corporate behaviour in relation to potentially divisive…
Q: List and explain all the services provided by Employee resource groups for students pursuing career…
A: Employee resource groups:- These are those employee who join the organization on the basis of the…
Q: Evaluation role of leadership theories, concepts and leadership styles in shaping your view of…
A: Leadership is the method of directing or leading a team of individuals or an organisation. For…
Q: __________ schemes are probably the most common method of misappropriating payroll funds. a.…
A: Payroll fraud is when a worker creates excessive compensation on his or her own behalf. These scams…
Q: what is the difference between an exempt employee and non-exempt employee?
A: The terms "exempt" and "non-exempt" employments refer to the duties an employee must do out. They…
Q: According to Heinz Weihrich (1982) the SWOT/TOWS matrix provides practitioners with a tool for…
A: The extension of the SWOT analysis is the TOWS analysis. The alphabet in SWOT/TOWS stands for: S-…
Q: The agency problems may appear in THE FOLLOWING instances except: a. Efficient markets for corporate…
A: Agency problem is defined as a conflict of interest between two parties. It occurs when one party…
Q: the environmental responsibilities relating to records and information management the social and…
A: Recognizing what records to retain and comprehending the advantages of environmental record keeping…
Q: What is Social Contract Ethics?
A: Social Contract Theories :According to the social agreement hypothesis, people live together in…
Q: Key Takeaways (from the text (Project Management) Commodities are purchased through suppliers using…
A: Organization- An organization is a group of individuals working together to achieve predetermined…
Q: What are the Effectiveness and efficiency of a team?
A: For most companies, successful teamwork is essential, but creating an effective team may be…
Q: Define the principles of business ethics in details.
A: Business ethics is the study of appropriate business behaviors in relation to potentially divisive…
Q: You have started a new fintech e‐business providing solutions for small businesses in South Africa…
A: People attempt to manage their entire lives on their laptops or mobile devices. Using fintech…
Q: From a managerial standpoint, why it is important to have plans written in measurable terms?
A: Setting quantifiable goals will help you track your performance and growth. Setting quantifiable…
Q: Would bonus based on number of sales be a variable cost on profit and loss budget statement?
A: Variable costs refer to those costs which change with the change in output, therefore all costs like…
Q: What are the limitations of employee career planning in an organisation ?
A: Employee career planning is the practice of setting career goals and discovering paths to achieve…
Q: Discuss how managerial leadership can foster a high-performance culture. What is the role of…
A: Disclaimer: “Since you have asked multiple questions, we will answer the first question. If you want…
Gertruda Klump, the manager of the Regent has decided to open and manage her own hotel with her best friend, Claude who will also have an ownership interest. In light of the recent lawsuits, she is very concerned regarding personal liability for the debts and obligations of the business. Gertruda also doesn’t want to pay more taxes than necessary. Which of the following would provide her the best balance between liability and taxes under these circumstances?
Group of answer choices
Sole Proprietorship
Limited Liability Company
General
LImited Partnership..
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Betty, the chief of nursing executive, need to make a decision about buying 340 new hospital beds for patient rooms. After she interviewed nurse managers at the units where the beds were going to be placed, Betty compiled her findings and decided to contact a well-known equipment company to obtain prices and a bid. No bids from other companies were obtained. The equipment company’s executive salesperson, Jim, discussed options at length with her and invited her and her significant other to an upcoming all-expense-paid, lavish junket at a five-star hotel in Hawaii to see demonstrations of the beds and experience a comprehensive sales program. Betty thought, “We badly need some relaxations and stress relief. Hawaii would be so much fun. Would it be wrong for us to go? If you were Betty, what would you do? Justify your answer with ethical framework: theory, approach or principle. Discuss the ethical principles at stake. What breaches are possible? Do you consider this situation a conflict…
- Which is the correct answer for the question below. Some popular reality television programs follow people who buy the contents of abandoned storage lockers at public auctions. In most cases, several storage lockers are sold in sequence during a particular auction. Occasionally, one of the buyers will purposefully bid much more than the expected value of a particular storage locker in order to intimidate the other bidders. What is a plausible explanation for these excessive bids? A. The excessive bids may be rational if they occur during the last auction of the day. B. The bidder is trying to establish a first-mover advantage, but only if they occur during the first auction of the day. C. The buyer is trying to establish a reputation that may affect the outcome of later auctions. D. The excessive bids represent a form of tacit collusion among the buyers.Deborah provides the following list for her CPA who is preparing her gift tax return. Which of the following will be included as a taxable gift? Payment to her grandmother of $20,000 to help her with her medical bills. Payment to Doctor’s Hospital for $35,000 to cover the medical bills of a friend. Payment to Northshore Medical School for $17,000 to cover her nephew’s tuition. $6,000 to her son to help cover his college expenses. Carole made the following transfers this year: She gave her friend, Paul, $23,000 to pay his tuition for law school. She made a $14,000 alimony payment of $20,000 to her ex-husband. She paid $20,000 to Diamond Shores Hospital for her friend Jackie’s medical bill. If these are the only gift transactions this year, what is the amount of Carole’s taxable gifts?You drive a 4 year old truck valued at $15,000. You have a $70,000 personal automobile policy with $12,000 per-person medical payments coverage and both collision ($500 deductible) and comprehensive coverage. Your neighbor drives a five-year old SUV valued at $10,000. Your neighbor has a 25/50/15 automobile policy with $15,000 in medical payments coverage and both collision ($200 deductible) Early one morning your neighbor was driving down the street while you were driving the opposite way to drop your friend off at her house and your neighbor swerved into your lane and struck your vehicle. Below you will find the damage caused by the accident:Your Bodily Injury: $7,000Your Friend’s Bodily Injury: $25,000Your Car: $8,500Neighbor’s Bodily Injury: $3,000Neighbors Car: $9,000Using the information above, find the following:a) How much will your policy pay for your bodily injury? blank1 - Numeric Answer Please type your answer to submit b) How much will your policy pay for your…
- Paul is the owner of a sport store that specialises in extreme sports such as paragliding and wakeboarding. To entice customers to spend more he has recently launched store credit, subject to approval. Which one of the following is a cost of granting credit that Paul must be aware of? Select one: a. Loss of interest b. Insurance cost c. The loss of customer goodwill d. Loss of flexibilityYour answer is partially correct. An independent contractor for a transportation company needs to determine whether she should upgrade the vehicle she currently owns or trade her vehicle in to lease a new vehicle. If she keeps her vehicle, she will need to invest in immediate upgrades that cost $5,200 and it will cost $1,300 per year to operate at the end of year that follows. She will keep the vehicle for 5 years; at the end of this period, the upgraded vehicle will have a salvage value of $3,800. Alternatively, she could trade in her vehicle to lease a new vehicle. She estimates that her current vehicle has a trade-in value of $9,800 and that there will be $4,100 due at lease signing. She further estimates that it will cost $2,900 per year to lease and operate the vehicle. The independent contractor's MARR is 11%. Compute the EUAC of both the upgrade and lease alternatives using the insider perspective. Click here to access the TVM Factor Table Calculator. 1943.56 EUAC(keep): $…Adriana Alvarado has decided to purchase a personal computer. She has narrowed the choices to two: Drantex and Confiar. Both brands have the same processing speed, 6.4 gigabytes of hard-disk capacity, two USB ports, and a DVDRW drive, and each comes with the same basic software support package. Both come from mail-order companies with good reputations. The selling price for each is identical. After some review, Adriana discovers that the cost of operating and maintaining Drantex over a 3-year period is estimated to be $300. For Confiar, the operating and maintenance cost is $600. The sales agent for Drantex emphasized the lower operating and maintenance costs. The agent for Confiar, however, emphasized the service reputation of the product and the faster delivery time (Confiar can be purchased and delivered 1 week sooner than Drantex). Based on all the information, Adriana has decided to buy Confiar. What is the total product purchased by Adriana?
