A shareholder in a limited liability company is not personally liable for any of the debts of the company, other than for the value of his investment in that company. Explain why limited liability came about. Explain why it was enacted in the late 19th Century.
Answer to relevant QuestionsDescribe the efficiencies and the inefficiencies that occur with a top-down (hierarchical) management structure.Do you think this explains the organizational changes to have taken place since the 1970s? ExplainWhen Ben and Jerry decided to step down as managers of their own company, they announced that the new CEO would not earn more than 10 times the lowest paid employee. What do you think was the result of their policy?In an advertisement for a Professional Employment Organization it was stated “Outsourcing can be a cost effective alternative to the expense and administrative burden of a traditional employer-employee relationship.” ...Use what you know about Starbucks and apply the VRIO/VRIN approach to evaluate Starbucks, as you know it. Use the five forces model to evaluate Starbucks. Is the five forces model different from the VRIO model? Explain
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