1. With reasons, explain what type of business operation the following are: [LO 10.1. 10.2. 10.3. 10.4] Collin has a landscape operation where he ploughs snow in the winter, cuts lawns in the spring and summer, and collects leaves in the fall. He has an uncle who has loaned him $2,000 to buy his equipment. 2. 3. 3. b. C. Shree and Helen own and operate a dog walking service in their neighbourhood for which they charge an hourly rate. Their main clients are the tenants of a large apartment complex. We Mine UR Business Inc. has drilling and exploration equipment for locating deposits of minerals. Trucks R Us Ltd. has transport trucks for carrying material dug out of the ground. The two corporations agree with Achal to use their respective equipment in testing Achal's field for mineral deposits that could be developed. Any income would be divided among the three of them. 10.2] What steps are necessary for a person to start a sole proprietorship? [LO 10.1. Briefly describe the two forms of joint venture that might be used to carry on business and provide examples of when you might use them. [LO 10.3]
1. With reasons, explain what type of business operation the following are: [LO 10.1. 10.2. 10.3. 10.4] Collin has a landscape operation where he ploughs snow in the winter, cuts lawns in the spring and summer, and collects leaves in the fall. He has an uncle who has loaned him $2,000 to buy his equipment. 2. 3. 3. b. C. Shree and Helen own and operate a dog walking service in their neighbourhood for which they charge an hourly rate. Their main clients are the tenants of a large apartment complex. We Mine UR Business Inc. has drilling and exploration equipment for locating deposits of minerals. Trucks R Us Ltd. has transport trucks for carrying material dug out of the ground. The two corporations agree with Achal to use their respective equipment in testing Achal's field for mineral deposits that could be developed. Any income would be divided among the three of them. 10.2] What steps are necessary for a person to start a sole proprietorship? [LO 10.1. Briefly describe the two forms of joint venture that might be used to carry on business and provide examples of when you might use them. [LO 10.3]
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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With reasons, explain what type of business operation the following are: [LO 10.1, 10.2, 10.3, 10.4]
Collin has a landscape operation where he ploughs snow in the winter, cuts lawns in the spring
and summer, and collects leaves in the fall. He has an uncle who has loaned him $2,000 to buy
his equipment.
b.
C.
Shree and Helen own and operate a dog walking service in their neighbourhood for which they
charge an hourly rate. Their main clients are the tenants of a large apartment complex.
We Mine UR Business Inc. has drilling and exploration equipment for locating deposits of
minerals. Trucks R Us Ltd. has transport trucks for carrying material dug out of the ground. The
two corporations agree with Achal to use their respective equipment in testing Achal's field for
mineral deposits that could be developed. Any income would be divided among the three of them.
10.2]
What steps are necessary for a person to start a sole proprietorship? [LO 10.1.
Briefly describe the two forms of joint venture that might be used to carry on
business and provide examples of when you might use them. [LO 10.3]
Briefly explain the three elements generally found in a corporate name and
provide some examples of names that demonstrate those elements. [LO 10.5]
Compare the advantages and disadvantages of raising capital for a corporation
through issuing shares. [LO 10.5]
Outline the advantages a private corporation would gain with a Unanimous
Shareholders Agreement. [LO 10.5, 10.6]
Briefly explain a franchise as a form of doing business and give an example. [LO10.7]
Briefly explain two reasons for carrying on a business in the following form:
a. A partnership [LO 10.4]
b. A corporation [LO 10.5]
c. A sole proprietorship [LO 10.2]
9. Discuss what joint and several liability in a partnership means and what steps you might take to limit
the partners' exposure to risk. [LO 10.4]
10. What is the duty owed by directors and officers to the corporation, and briefly describe a
situation that would illustrate it? [LO 10.6]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F73bec75a-76bc-4068-8ade-f7b89e4f66a3%2F1a877af1-62f2-4a4a-9575-0b406cbf13b5%2Fuio4f4v_processed.png&w=3840&q=75)
Transcribed Image Text:1.
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5.
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7.
8.
With reasons, explain what type of business operation the following are: [LO 10.1, 10.2, 10.3, 10.4]
Collin has a landscape operation where he ploughs snow in the winter, cuts lawns in the spring
and summer, and collects leaves in the fall. He has an uncle who has loaned him $2,000 to buy
his equipment.
b.
C.
Shree and Helen own and operate a dog walking service in their neighbourhood for which they
charge an hourly rate. Their main clients are the tenants of a large apartment complex.
We Mine UR Business Inc. has drilling and exploration equipment for locating deposits of
minerals. Trucks R Us Ltd. has transport trucks for carrying material dug out of the ground. The
two corporations agree with Achal to use their respective equipment in testing Achal's field for
mineral deposits that could be developed. Any income would be divided among the three of them.
10.2]
What steps are necessary for a person to start a sole proprietorship? [LO 10.1.
Briefly describe the two forms of joint venture that might be used to carry on
business and provide examples of when you might use them. [LO 10.3]
Briefly explain the three elements generally found in a corporate name and
provide some examples of names that demonstrate those elements. [LO 10.5]
Compare the advantages and disadvantages of raising capital for a corporation
through issuing shares. [LO 10.5]
Outline the advantages a private corporation would gain with a Unanimous
Shareholders Agreement. [LO 10.5, 10.6]
Briefly explain a franchise as a form of doing business and give an example. [LO10.7]
Briefly explain two reasons for carrying on a business in the following form:
a. A partnership [LO 10.4]
b. A corporation [LO 10.5]
c. A sole proprietorship [LO 10.2]
9. Discuss what joint and several liability in a partnership means and what steps you might take to limit
the partners' exposure to risk. [LO 10.4]
10. What is the duty owed by directors and officers to the corporation, and briefly describe a
situation that would illustrate it? [LO 10.6]
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