The statement any description of the goods which is made part of the basis of the bargain creates an express warranty that the goods shall conform to the description is True.
What is express warranty?An express warranty is when a seller tend to agree that he /she will provide another replacement of a product to a buyer when a buyer purchase a product and found out the product is damaged or faulty.
Express warranty can tend to give a buyer the assurance that the product they purchase from a seller can be return if the product is faulty after purchasing it . Express warranty on a product can increase the purchase of that product.
Therefore the statement is true and it is an element of Expressed Warranties
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Post-Assessment
Question 2 of 5
Why is buying a car considered "bad debt"?
It decreases in value over time
It increases your net worth as it build equity
It gives you transportation to and from your job
It is worth more than any other investment
Submit
Continue
E
The reason why buying a car considered "bad debt"is that It decreases in value over time. option A
What is bad debt?The term bad debt can be described as the amount of money that a creditor must write off as a result of a default on the part of the debtor in a case whereby the creditor has a bad debt on the books, then things turn to uncollectible and is recorded as a charge-off.
It should be noted that a case can be regarded as bad debt because the value of the asset you receive from the loan depreciates quickly however in some cases interest charges increase how the amount that is been paid for the vehicle. and in thius case cost is higher compare to what it would be if you'd purchased the car outright with cash.
Hence, option A is correct.
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how much consumer surplus will be derived from the purchase of this product at the monopolistically competitive price?
The consumer surplus from purchasing this item at the monopolistically competitive price would be about $200.
Who is the consumer?
a word that means "one who consumes," particularly: a plant or animal that needs complex organic compounds for sustenance and receives them by preying on other living things or ingesting organic matter particles compare producer sense.
Who are some examples of consumers?
Consumers are any person or entity who uses a good or service in its entirety. Here are several examples: a customer who pays a hairstylist to cut and style their hair. a company that buys a printer for work purposes.
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rue or false: it is accurate to think of a fixed exchange rate as a simultaneous price ceiling and price floor.
It is accurate to think of a fixed exchange rate as a simultaneous price ceiling and price floor: The answer is " FALSE ".
A price ceiling is a government- or institution-imposed charge manipulate, or restrict, on how excessive a price is charged for a product, commodity, or service. Governments use charge ceilings ostensibly to guard consumers from conditions that would make commodities prohibitively high priced.
A fee ceiling maintains a rate from growing above a certain stage—the “ceiling”. A charge ground continues a rate from falling below a positive level—the “floor”. we can use the demand and supply framework to recognize price ceilings. in lots of markets for items and services, demanders outnumber suppliers.
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Volvo and Suburu, who market their automotive brand as being the safest on the road, are basing their positioning strategy on:
Volvo and Suburu, who market their automotive brand as being the safest on the road, are basing their positioning strategy on: Product characteristics / attributes
What is Product characteristics / attributes?
Product characteristics / attributes can be defined as what help to described how a product is as well as the benefit that a customer who buy the product will derived from you using the product.
Product characteristics / attributes can help to attract customers to product when a company includes attributes they know will attract customers to their product.
This scenario best illustrate Product characteristics based on the fact the company mentioned that their automotive brand is the safest on the road.
Therefore this is Product characteristics / attributes .
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ex 8. on january 1, 2016, jason company issued $5 million of 10-year bonds at a 10% coupon interest rate to be paid annually. what was the issuance price of the bonds if the market rate of interest was 8%? a. $5,000,000. b. $5,670,000. c. $5,387,500. d. $5,712,500. hint: bond issue price
The issuance price of the bonds of $5 million of 10-year bonds at a 10% coupon interest rate to be paid annually if the market rate of interest was 8% was b. $5,670,000.
What is the issuance price of bonds?The issuance price of a bond is determined by its present value.
To determine the present value, we input the following parameters onto an online finance calculator.
N (# of periods) = 10 years
I/Y (Interest per year) = 8%
PMT (Periodic Payment) = $500,000
FV (Future Value) = $5 million
Results:
Present Value (PV) = $5,671,008.14
Sum of all periodic payments = $5,000,000 ($500,000 x 10)
Total Interest = $4,328,991.86
Thus, Jason Company's 10-year bonds' issuance price was Option B.
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all of the following are basic kinds of inventories except a.finished goods. b.work in process. c.raw materials. d.human resources. e.in-transit.
With the exception of raw materials, any of the below are fundamental types of inventories, according to the stated statement.
In a corporate context, what does inventory mean?Inventory is a financial word for products that are being prepared for sale at different stages, such as: final products (that are available to be sold) Work-in-progress (meaning as in process of being made) (meaning in the process of being made) components, raw (to be used to produce more finished goods)
What makes inventory so crucial?Stock management aids businesses by selecting which goods to order when and in what quantities. Merchandise is managed from product acquisition to sale. To insure that there is consistently ample inventory for fulfill client requests and proper notice of a shortfall, the technique recognizes patterns and reacts to them.
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which two of the following are true of the advertising industry in the united states? (check all that apply.) multiple select question. a career in advertising has an unsavory reputation, similar to that of being a used-car salesman. the industry spends most of its money to place ads in media such as newspapers and television. the advertising industry employs an unusually large number of people. a large amount of money is spent on advertising.
Advertisers used the different traditional media platforms, such as newspapers, radio, and television, to publicize their products and build their brands.
What kind of industry would that be?
Industries are typically grouped based on the products and services they offer. For instance, all manufacturers who create and sell pizza on the market are included in the pizza industry. It is significant to remember that a pizza maker must be a member of the pizza industry.
The different stages in which enterprises function:
advance, and decline within an industry are depicted by an industry life cycle. Startup, growth, shakeout, maturity, and decline are the five stages that commonly make up an industry life cycle.
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the primary responsibility of an it manager employed by a multinational sales organization that is pursuing a new initiative to provide information services to customers through mobile telephones is to:
Develop future executives having critical global views is the main duty of an it manager working for an international sales business that is pursuing a new venture.
What is the organization's primary goal?An organization's main objective is to comprehend and oversee the business properly. Combining the two the workforce and defining the organizational purpose are the major objectives.
What kind of organization is ideal?An easy business made the best to establish is a partnership. It needs a contract, which can be either or written. The two most basic business entity kinds are the sole proprietor as well as the partnership.
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when determining the location decision for industrial products like adhesives, what should a company keep in mind?
When choosing where to produce industrial goods like adhesives, the corporation must bear in mind that these items fulfill universal demands.
What does the term "company" mean?A firm is a legal body created by a group or people to conduct and manage a business venture, whether it be industrial or industrial. Based on the corporate legislation of its country, a corporation may be set up in a variety of ways on tax and financial responsibility reasons.
What three sorts of businesses are there?The Three Fundamental Business Entities
The limited company (LLC), the corporation, and the sole proprietorship are the three most typical business entity kinds. Each offers unique benefits and drawbacks based on what both you and your company require.
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in order to classify a transaction as a sales-type lease, a lessor must meet one of the lease classification tests. what other criterion must the lessor meet for lease capitalization?
Along with one of the lease classification test, a lessor must also meet the criterion of the collectability of the payments from the lessee must be probable.
A lease is a contract outlining the terms under which one party agrees to rent an asset—in this case, property—owned by another party. In exchange, it ensures the lessor (the property owner or landlord) will receive monthly payments from the lessee (also known as the renter) for a predetermined amount of time.
The details of rental agreements for real estate, as well as for real and personal property, are outlined in leases, which are legally enforceable contracts. These contracts are binding by both parties and contain obligations for each party to carry out and uphold the agreement.
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as a manager, how would you prefer a nonofficial leader respond to a challenge in rolling out a collaboration tool?
As a manager, continue with the rollout should be preferred to a nonofficial leader to respond to a challenge in rolling out a collaboration tool.
What is nonofficial leader?A nonofficial leader occurs when an individual does not have official status as the head of a group, but other members view and consider them to be a leading force.
People look to informal leaders for answers and direction, since they are experienced and informed.
Therefore, to respond to a hurdle in rolling out a collaborative tool, it is preferable for a manager to continue with the rollout rather than a nonofficial leader.
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technician a says that automotive bulbs are identified by trade numbers. technician b says that the trade number is the different for each manufacturer for the exact same bulb specification. which technician is correct?
A technician claims that trade numbers are used to identify car bulbs. Tech B claims that because each manufacturer's trade number differs for exactly the same bulb specifications, Tech A is correct.
What is a manufacturer and examples?Making new products out of parts or raw materials is the process of manufacturing. Manufacturing includes enterprises like bakeries, tailors, shoemakers, and auto manufacturers because they all create products rather than offering services. A manufacturer is indeed a person or business that turns raw materials into finished products using a variety of tools, machinery, and procedures, and then sells those products to consumers, wholesale, distributors, retailers, or other manufacturers who can use them to make more complicated products.
What are the types of manufacturer and why it is important?Ultimately, we're referring to three different manufacturing processes: make-to-stock manufacturing (MTS), make-to-order manufacturing (MTO), and make-to-assemble manufacturing (MTA). Manufacturers often engage in one of these three forms of manufacturing.
Every single manufacturing job generates three additional jobs, according to the Economic Policy Institute in the United States, because earnings are spent in other areas of the economy. Manufacturing also decreases poverty and generates middle-class jobs.
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n general, as teams become more cohesive, their members tend to a. have differing performance norms. b. become less satisfied with the team. c. interact less frequently. d. become less attracted to the group. e. conform more to norms.
Teams that are more cohesive tend to have individuals that engage more, follow standards more, and are happier as a team.
What types of norms are there?Social norms were unwritten standards of conduct that all members of a certain group or culture agree upon. Forming a queue at checkout counters, saying "bless you" whenever anyone sneezes, or keeping the door open for someone who enters a building just after you are examples from western culture.
What do cultural norms entail?Social norms are guidelines or standards of conduct and cognition that are based on accepted values within a particular social or cultural group. Even though they are sometimes unwritten, social norms provide guidelines for what is (which is not) acceptable conduct in interpersonal relationships.
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Which management functions involves analyzing information, setting goals, and making decisions about what needs to be done?
Planning involves analyzing information, setting goals, and making babout what needs to be done.
What is Planning ?
Planning is the process of establishing goals and objectives for a specific time frame, generating alternatives for the course of action to be taken, and then selecting the best course of action among the available options.
Planning involves analyzing information, setting goals, and making decisions about what needs to be done.
Planning entails gathering data, establishing objectives, and making choices on what should be accomplished. Organizing entails determining and allocating the tasks and materials required to reach the predetermined objectives.
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the questions of information ownership and the prices for the exchange of this information are related to which ethical issue?
The stockholder theory, the stakeholder theory, and the social contract theory are the three most prominent normative theories of business ethics.
Currently, a lot of people in the field of business ethics don't like the stockholder theory.
Which hypothesis of standardizing business morals tries to make esteem?Managers are obligated under the Stakeholder theory to carry out projects in a manner that is compatible with the well-being of society. The objective of this theory of normative business ethics is to create value for individuals in a fair and nondiscriminatory manner.
What are the four theories of normative ethics?Character-based ethics, deontology, teleology, consequentialism, and other types of ethical theory are not ethical theories in and of themselves. The majority of people consider natural moral law to be one type of deontological theory; Another is Kant's Categorical Imperative theory.
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Which of the following is the purpose of transitional words such as in addition in contrast or finally during a presentation?
Transitional phrases and words are the purposes of transitional words. They facilitate the logical progression of ideas by indicating the connection between paragraphs or sentences.
What are the Transitional phrases?You link several ideas in your work by using transitional language, sometimes referred to as linking language, connecting language, and transitional words. By expressing the connections between several words or clauses in a sentence, they make it easier for the reader to follow your ideas.
Transitional words include the words "and," "but," "so," and "because." They make it clear to your reader how words, sentences, and even paragraphs relate to one another.
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marilyn is an african american woman who is working for a large accounting firm. she is in line to become the next president of the firm. in order to prepare for the potential promotion, what is marilyn most likely going to search for in terms of career support?
In a case whereby marilyn who is an african american woman who is working for a large accounting firm . in order to prepare for the potential promotion, what marilyn is most likely going to search for in terms of career support is An African American woman mentor.
Why does she needs American woman mentor?
A mentor is someone who can help, counsel, and direct you. They usually take the time to get to know you and the difficulties you're having before using that knowledge and their own firsthand experience to assist you.
This relationship is distinct from one with a manager or boss and gains from a more intimate and private framework.
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which two factors determine whether a firm should use personal selling, e-commerce, or a combination of the two? (check all that apply.)
Two factors determine whether a firm should use personal selling, e-commerce, or a combination of the two A and C.
Ecommerce or electronic commerce is the buying and selling of products and offerings at the internet. it is your bustling town center or brick-and-mortar shop translated into zeroes and ones on the internet superhighway.
the usual definition of E-commerce is a industrial transaction that's occurred over the internet. on-line stores are examples of E-commerce web sites. by 2020, worldwide retail e-commerce can reach as much as $27 Trillion. There are 3 fundamental forms of e-trade: commercial enterprise-to-enterprise (websites such as Shopify), commercial enterprise-to-customer (web sites which includes Amazon), and purchaser-to-client (web sites including eBay).
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Disclaimer: The question is incomplete. Please read below to find the missing content.
Which of the following factors determine whether a firm should use personal selling, e-commerce, or a combination of the two?
a. The level of relationship building required.
b. The number and types of competitors in a market.
c. The extent to which the information exchanged is standardized.
d. The average cost of goods sold.
the best leaders display both transactional and transformational leadership styles.T/F
The best leaders display both transactional and transformational leadership styles- true.
What is transformational leadership?This change in self-interests elevates the followers' levels of maturity and ideals as well as their concerns for the achievement. Transformational leadership is a theory of leadership where a leader works with teams or followers beyond their immediate self-interests to identify needed change, create a vision to guide the change through influence, inspiration, and execution in tandem with committed members of a group. A crucial component of the Full Range Leadership Model, it. When a leader's actions have an impact on followers and motivate them to go above and beyond what they think is possible, this is known as transformational leadership. People are motivated to accomplish unexpected or spectacular achievements via transformational leadership. It grants employees control over particular tasks as well as the power to decide after receiving the necessary training.
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hyundai tends to follow an ethnocentric staffing model. from which group will it most likely hire for upper-level management positions?
As Hyundai tends to follow an ethnocentric staffing model, it will most likely hire for upper-level management positions by considering the parent country nationals. The Option D is correct.
What is an ethnocentric staffing?An ethnocentric staffing is when a company hire management that is the same nationality as the parent company while the polycentric companies hire management employees from the host country. Either one is appropriate, but you must evaluate when to choose ethnocentric staffing.
When parent company's procedures and operations require control and management for the company to profit, it can be appropriate to choose an ethnocentric staffing for foreign offices.
Missing options "primary country nationals, third country nationals, host country nationals, parent country nationals"
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jeff, mark and adam opened an electric car manufacturing plant on december 1, 2022. jeff, mark and adam each own 33 percent of the business. They will own 30 million dollars worth of stock in the company. they will have quarterly meetings to discuss important matters concerning the business. They contacted you to manage their new auto plant. They are going to name the auto manufacturing plant Electro Cars, and they asked you to create Electro's business entity. What type of the entity should you create for Electro?
answers:
general partnership
limited partnership
s-corporation
c-corporation
general partnership You have been asked to establish Electro's corporate entity because the auto assembly plant will be known as Electro Cars. For Electro, what kind of entity should you create?
How is a general partnership created?When two or more people or other legal entities get together to form a general partnership, they are referred to as the general partners and the general partnership is a legal entity. A partnership agreement is a legal instrument that formally establishes a party's informal association or their formal association.
People select general partnerships for what reasons?Generally speaking, general partnerships are less expensive to set up than businesses, limited partners, or llps and involve less paperwork and formality.
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silver futures contracts are based on 5,000 troy ounces and are priced in dollars per troy ounce. a closing report displays these prices for a december contract: open 19.435, high 19.450, low 19.025, and settle19.119. what is the closing value for one december futures contract on silver?
The closing value for one December futures contract on silver is $96,500.
Calculation:
We see that the closing value for one futures contract on silver=Settle*contract size = 19.119*5000
= 95595.00
The closing price is the raw price or present value of the last trading price of a security before the market is officially closed for normal trading. The closing price is calculated by dividing the product total by the total number of shares traded in the 30-minute period.
Closing price generally refers to the last price at which a stock was traded during a normal trading session. The closing price is a useful marker that investors can use to measure changes in stock prices over time. Even in the age of 24-hour trading, all stocks and other securities have a closing price which is the closing price traded during normal market hours on a given day.
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One important reason controls are useful to organizations is so that decision-making power can be centralized to a few key leaders.
True or False
One important reason controls are useful to organizations is so that decision-making power can be centralized to a few key leaders: False.
What is an organizational structure?In Business management, an organizational structure simply refers to a strategic process that is typically used for the division of a business organization (company or firm) into multiple functional units, in order to successfully achieve its short-term and long-term goals.
What is a centralized power?In Business management, a centralized power can be defined as a type of leadership style (government) in which both executive and legislative power is typically concentrated in a single authority or centrally at the higher level.
Generally speaking, an important reason controls are useful to business organizations is so teamwork can be facilitated and enhanced among the team members.
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suppose you observe a market where wild-caught salmon is over consumed and farm-raised chicken in not over consumed. what might explain this? multiple choice question.
A chicken farm's property rights are simpler to define and protect than that of a wild salmon fishery.
What exactly are property rights?The legal and theoretical possession of resources and their permissible uses are defined by property rights. Governments, corporations, and private persons can all own property. These privileges outline the advantages of property ownership.
What aspect of property rights is the most crucial?By ensuring that only amicable economic transactions occur, property rights have the most significant effect on encouraging cooperation among individuals. Additionally, they promote exchange, investment, innovation, property preservation, and economic expansion.
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amazon has built capabilities around internet technology and e-commerce to facilitate information exchanges with its customers in a cost-effective manner. this represents which of the following service dimension? a. reach b. affiliation c. none of the these is correct. d. richness
The correct answer is a. reach. The service dimension that best describes Amazon's capabilities around internet technology and e-commerce to facilitate information exchanges with its customers in a cost-effective manner is "reach."
Reach refers to the extent to which a service provider can reach its customers and deliver its services to them. In the case of Amazon, its capabilities around internet technology and e-commerce enable it to reach a large number of customers in a cost-effective manner, as it can deliver its services electronically without incurring the costs associated with traditional brick-and-mortar retail stores.
Affiliation refers to the degree to which a service provider is affiliated with other organizations or brands. In this case, "affiliation" is not the correct service dimension to describe Amazon's capabilities.
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when the members do not create an operating agreement, the llc will be governed by what source of law?
The state's LLC legislation will serve as such LLC's default operating guidelines if the members do not form an operating agreement.
What does a sentence agreement mean?Agreement occurs when sentence constituents line up. Verbs and subjects must agree, and pronouns and antecedents must agree. Verbs must be singular for single subjects and plural for plural subjects. Number in grammar relates to a word's single (one) or plural variants (more than one).
What term describes complete agreement?As synonyms for agree, the phrases coincide as concur are frequently used. All three phrases have the same meaning—"to come out or be in accord on a topic of opinion"—but the term "agree" suggests total agreement, which is often reached via debate and resolution of disputes.
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the proper level of government intervention is unclear when dealing with a monopoly. group of answer choices true false
When dealing with a monopoly, it's uncertain how much government should be involved. It is accurate to state what it is.
What exactly does Monopoly mean?
A monopoly is a market structure where one manufacturer or seller holds the majority of the market share in a particular industry or area. As they impede competition and restrict consumer alternatives, monopolies are opposed in free-market economies.
Please provide a monopoly example:
A corporation is said to have a monopoly if it offers a product solely and there are no close substitutes. A monopoly that is unregulated can control prices and dominate the market. Take Microsoft and Windows, DeBeers and diamonds, or your local natural gas company, as examples.
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at the beginning of 2019, robotics inc. acquired a manufacturing facility for $13.9 million. $10.9 million of the purchase price was allocated to the building. depreciation for 2019 and 2020 was calculated using the straight-line method, a 25-year useful life, and a $2.9 million residual value. in 2021, the estimates of useful life and residual value were changed to 20 total years and $690,000, respectively. what is depreciation on the building for 2021? (round answer to the nearest whole dollar.)
The depreciation for the building in 2021 calculated using the straight-line method is $586,470.
How do you determine the depreciation of the building?The first step is to calculate the annual depreciation amount using the original estimates of useful life and residual value:
Annual depreciation = (Cost of asset - Residual value) / Useful life
= ($10.9 million - $2.9 million) / 25 years
= $320,000 per year
Remaining useful life = 20 years - (2019 + 2020)
= 20 years - 3 years
= 17 years
Finally, you can use the revised estimates of useful life and residual value to recalculate the annual depreciation amount:
Annual depreciation = ($10.9 million - $690,000) / 17 years
= $586,470 per year
To find the depreciation for 2021, you can multiply the annual depreciation amount by the number of years the asset has been depreciated:
Depreciation for 2021 = $586,470/year * 1 year
= $586,470
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tyrone is reviewing customer response forms and learns that while some people like the company's new outerwear designs, the majority of customers do not. which part of a system is tyrone using to get his information? multiple choice question. feedback inputs transformational processes outputs
For the choices given above, it can be concluded that Tyron uses the feedback system for the purpose of getting his information. As a result, the option A is correct.
The system of feedback can be referred to or considered as an integral part of the business organization, which is also helpful in obtaining or collecting information regarding customer and their experiences of the products. Feedback helps in knowing the actual thoughts of customer after they have used it, which can be known through the customer response forms.
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if one corporation owns all of the shares of another corporation, it is referred to as the target corporation. true false
If one corporation owns all of the shares of another corporation, it is referred to as the target corporation - false.
What is meant by corporation?A corporation is a legal body whose owner(s) elect a board of directors to manage the organization's affairs. Shareholders are not held accountable for the company's operations or financial state; rather, the corporation is. An organization with the legal status of a corporation is one that was founded by shareholders, stockholders, or other private individuals with the intent to make a profit. Corporations have legal rights that include the ability to make agreements, bring legal actions and be sued, own property, pay federal and state taxes, and take out loans from financial institutions. A person or group of people engaged in commercial business operations with the goal of making a profit is referred to as a firm. The term "company" is an amorphous one without official definition, rules, or authorization. Despite the fact that not all businesses are corporations, a corporation is always a company.To learn more about corporation refer to:
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