ZuoTi.Pro
Question

You are an entrepreneur. You and a friend develop a new design for in-line skates that...

You are an entrepreneur. You and a friend develop a new design for in-line skates that improves speed by 25% to 30%. You plan to form a business to manufacture and market the skates. You and your friend want to minimize taxes, but your prime concern is potential lawsuits from individuals who might be injured on these skates.

• What form of organization do you set up? Explain your rationale. (15 points)

• Describe the ethical aspects you considered to select this form of organization. (15 points)

• Explain the ethical ramifications if you selected the other forms of organization. Note there are three forms of organization you could select from, so explain the ethical ramifications for the other two forms of organization you did not select. (20 points)

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

0 0
Add a comment
Know the answer?
Add Answer to:
You are an entrepreneur. You and a friend develop a new design for in-line skates that...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • For a would-be entrepreneur, selecting the proper form of business organization is a very important first...

    For a would-be entrepreneur, selecting the proper form of business organization is a very important first step in the process. After some consideration and an assessment of your skills and education, you have decided to start a medical billing service that will provide services to providers in the local geographical area. Ideally, you would like to service physicians, dentists and hospitals. 1. Determine which of the three forms of business organization (sole proprietorship. partnership or corporation) would be the most...

  • Ethical Scenario- A company uses patient DNA for research without the patients knowledge or DNA Explain...

    Ethical Scenario- A company uses patient DNA for research without the patients knowledge or DNA Explain how evidence based - research can elimnate or minimize ethical concerns in the health care industry. Select one of the following ethical scenarios: • A company uses patient DNA for research without the patient's knowledge or consent. • A nonprofit organization sells fetal tissue for research. (Do not assume this is illegal; this may be legal in some states or jurisdictions.) • Management invites...

  • 1. imagine that you are a HIM manager with a large hospital. You responsible for facilitating the selection of a new hea...

    1. imagine that you are a HIM manager with a large hospital. You responsible for facilitating the selection of a new healthcare information system. You are asked to compare the Allscripts MyWay EMR, Waiting Room Solutions, and EHRGo products. Then, make a recommendation. Explore the product modules and functions, such as the user-friendliness (interface and ease of use), patient search functionality, a release of information and retrieval, record tracking, web-based standards, internet and intranet use, regulatory requirements, etc. Create a...

  • You have decided not to go into a business partnership with your friend Sukhdeep as you...

    You have decided not to go into a business partnership with your friend Sukhdeep as you are certain that he can not be trusted as he continues to behave in an unethical manner. Sukhdeep was a deceitful student often attempting to mislead his teachers at Yorkville. He has continued with this unethical behavior in his working life, and you are convinced he will not be successful. On the other hand, your reputation as a strong Managerial Accountant as well as...

  • To help guide the focus of your project, your audience is the CEO of a mid-size,...

    To help guide the focus of your project, your audience is the CEO of a mid-size, private sector, non-unionized firm where you have recently been hired to replace the HR Director of the company. An announcement was made two weeks prior to you being hired regarding the abrupt departure of the former HR Director and you have been hired as the replacement. There have also been rumors that there will be reorganization and widespread layoffs within the company. Several employees...

  • The man whose antidepressants stopped working. List three questions you might ask the patient if he...

    The man whose antidepressants stopped working. List three questions you might ask the patient if he or she were in your office. Provide a rationale for why you might ask these questions. Identify people in the patient’s life you would need to speak to or get feedback from to further assess the patient’s situation. Include specific questions you might ask these people and why. Explain what physical exams and diagnostic tests would be appropriate for the patient and how the...

  • Personal Business Plan

    Personal Business PlanThe point of this question is writing a personal business planPlease you can choose any type of business you want.(Example: opening a Grocery)"write" Personal Business Plan and highlight how entrepreneurship and innovation could play a role in their personal and career pathsCover all following kind of information1. Name of the company or Business• Select the right name which demonstrate your business activities• The Name which is available• The name is easy to save in memory• Not be in...

  • What’s for Lunch? A Case Study in Macromolecules Part I You and your friend Maria are...

    What’s for Lunch? A Case Study in Macromolecules Part I You and your friend Maria are supposed to meet at your place for lunch to catch up with each other. You’ve both been craving burritos, so she picks up a couple and brings them by. As you sit down and start eating, Maria looks at your burrito bursting with ingredients, and looks at her own burrito, which is plainer and contains only rice, sour cream, and cheese. She wonders out...

  • You are the manager of Acme Fireworks, a fireworks retailer who sells fireworks, puts on ground...

    You are the manager of Acme Fireworks, a fireworks retailer who sells fireworks, puts on ground display fireworks, and large aerial display fireworks. The company started in the owner’s garage two years ago and now has 15 employees that you manage. The company started as a sole proprietorship, and the owner has never changed the entity. The owner has informed you that the company has received inquiries from several large businesses wondering if the company could create several fireworks displays...

  • Can you me with; Designing an apple Watch Product All of you purchase products and services...

    Can you me with; Designing an apple Watch Product All of you purchase products and services every day, ranging from necessities, such as food, clothing, and shelter, to discretionary items, such as soda, music, and education. And marketers develop many of these products and services with you specifically in mind—just look at the stores in and around campus that cater to you.    Learning Objective. Define a target market and develop an apple watch product. Defining an apple watch Product....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT