Answer:
d. Business entity assumption.
Explanation:
Business entity assumption -
It is an accounting principle ,
According to this principle , the financial statements or any financial records ,should be kept far apart from the personal financial records , is referred to as business entity assumption .
As all the money required for business need to be recorded separately .
Hence, from the given scenario of the question ,
The correct option is d. Business entity assumption .
Answer:
B. zoning laws.
Explanation:
Zoning laws are regulations put in place by the local authorities that dictate how real estate properties can or cannot be used in different geographical zones. Zoning laws can prohibit or limit properties in certain areas to be used for commercial or industrial purposes. For example, zoning laws may not allow the development of commercial buildings in residential neighborhoods.
Zoning shows whether specific geographic areas are acceptable for commercial purposes.
They might not have the money to invest in a buisness
Answer:
The correct answer is Greg. He is the agent.
Explanation:
First of all, the term <em>agent</em>, in business, is understand as the individual that currently <em>manages another person's business affairs</em> and that commonly spend much of his time negotiating contracts for his clients.
Secondly, according to the definition of agent, it is understandable that in this case the agent is Greg due to the fact that he is the one that has to sell the collection, under Michael's orders.
Consideration refers to what each party gets in exchange for his or her promise under a contract. A contract has four elements: agreement, consideration, contractual capacity, and legal object. Agreement refers to the contract itself, consideration to the results of the contract, contractual capacity represents your legal ability to sign the contract, and legal object is the purpose of the agreement.
