Question: Why does the law allow, and even encourage, limits to the liability of a business organization's owners and managers for the firm's actions.

Why does the law allow, and even encourage, limits to the liability of a business organization's owners and managers for the firm's actions.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Why does the law allow, and even encourage, limits to the liability of a business organization's owners and managers for the firm's actions? Argument against a binding contract

Q:

Why does the law allow - and even encourage - limits to the liability of a business organization's owners and managers for the firm's action?Some issues have arisen regarding the proliferation of...

Q:

a.Philanthropic Model: like individuals, business is free to contribute to social causes as a matter of philanthropy. i. Business has no strict obligation to contribute to social causes but it can be...

Q:

Brigham & Ehrhardt Financial Management: Theory and Practice 14e 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as...

Q:

1. What are the problems associated with using personal phones in a business? 2. What are the benefits of BYOD 3. If you were in charge of information security for a business what security measures...

Q:

1.RSD Mall, Inc. hires Jed Smith as a security guard but failed to do background check that would have revealed two previous convictions for use of excessive force ( assault and battery) at a...

Q:

Do the reading assignment and then look up KRS 275.520 and read its text.Then answer the questions below. Fully explain your answers: 1.What is the taxation advantage of a LLC as opposed to a...

Q:

Side Agreements Business Law Individual Assignment I. Introduction The Commercial Companies Law of the United Arab Emirates (Federal Law No. 8 of 1984, as amended) provides for seven types of...

Q:

Academy ol Management Executive. 2005, Vol. 19, No. 4 Reprinted Irom 1999, Vol, 13. No. 1 Achieving and maintaining strategic competitiveness in the * century: The role of strategic leadership R....

Q:

512 CHAPTER 16 Organizational Culture Like every major CEO, Burns is a millionaire. Yet she still shops for groceries. She drives herself to work. She cleans her own house. \"Where you are is not who...

Q:

Use the ML-inequality to show that dz 25 where C is the straight line segment from 2 to 2+ i. While solving, represent the distance from the point z to the points i and -i, respectively i.e.,...

Q:

A sequence of payments of $300 is invested over 12 years at the end of each quarter at 5.1%, compounded quarterly. Find the amount of the annuity. Use the formula in Exercise 64(b).

Q:

To identity a functional protein motif that might be shared by steval diflerent protina what byee of recognition strategy would mont lilely be used? Select one: A . Pathern recogntion b . Identity...

Q:

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...