Expert answer:Profit maximization is a standard economic assumpt
Expert answer:You need to answer 5 questions. Each question should be at least 400 words based on the knowledge of business law.
5_questions.docx
Unformatted Attachment Preview
1. Two parts: Explain the philosophical/theoretical difference between profit
maximization versus corporate social responsibility as different approaches to
running a corporation. Give three business examples of where the principles would
conflict with each other.
2. Gena leaves her Honda CRV (the same one she bought as part of this class’s exercise,
remember!) with Intown Motors for routine maintenance. On its return, the interior
of the car is covered in motor grease and the exterior is scratched and dented. First,
is Gena’s CRV a chattel; what is a chattel? Second, under the law of bailments, who
is responsible for this damage and why? What are the duties and responsibilities of
bailors and bailees? Be specific.
3. Explain the difference, in specific detail, between a limited liability company and a
corporation? What are the benefits and drawbacks of each type of business entity
form? Be specific. This question is worth 50 points.
4. Brad owns a hair styling shop. His five (5) hair cutters and stylists, Keegan, Thomas,
Sarah, Lisa, and Janelle, all work at the hair styling shop. Hours of Keegan, Thomas,
Sarah, Lisa, and Janelle work is set by Brad. Keegan, Thomas, Sarah, Lisa, and
Janelle all have to buy their own tools for the job. The hair cutters and stylists can
set their own prices but Brad requires payment to him of at least $5.00 per hair cut
but the hair cutters and stylists can keep the rest. In order to avoid tax issues and
other “legal” problems, Brad treats the hair cutters and stylists as independent
contractors. You work for the IRS
and questioned if Brad is correct. What are
the criteria by which you can determine if Brad is correct. Is Brad correct or not.
Justify your answer. This question is worth 50 points.
5. Explain in clear and precise detail the differences between owning real property
(land) as a tenancy in common and joint tenancy. Assume that Amy and Brian have
a tenancy in common while Cammy and Derrick have joint tenancy. Pretend you
are an heir to Amy and Cammy; who owns the property if Amy and Cammy
suddenly and unexpectedly died? This question is worth 50 points.
…
Purchase answer to see full
attachment
How it works
- Paste your instructions in the instructions box. You can also attach an instructions file
- Select the writer category, deadline, education level and review the instructions
- Make a payment for the order to be assignment to a writer
- Download the paper after the writer uploads it
Will the writer plagiarize my essay?
You will get a plagiarism-free paper and you can get an originality report upon request.
Is this service safe?
All the personal information is confidential and we have 100% safe payment methods. We also guarantee good grades