After You Read by Hillary Morales https://padlet.com/stmaryhmmr/vgujj5j695sbnn16 By: Hillary Morales en-us 2022-02-23 12:15:03 UTC 2022-02-27 01:25:09 UTC hello@padlet.com 1. What is the difference between a sole proprietorship and a partnership? stmaryhmmr https://padlet.com/stmaryhmmr/vgujj5j695sbnn16/wish/2062469113 A sole-proprietorship has one owner who has unlimited liability for the business. A partnership involves two or more people who combine resources for the business and share profits and losses. ]]> 2022-02-23 12:17:58 UTC https://padlet.com/stmaryhmmr/vgujj5j695sbnn16/wish/2062469113 2. If a partner makes a bad decision, what responsibility do the other partners have? stmaryhmmr https://padlet.com/stmaryhmmr/vgujj5j695sbnn16/wish/2062472290 The same as the one that made mistake. This is due to The share of unlimited legal and financial liability.]]> 2022-02-23 12:20:38 UTC https://padlet.com/stmaryhmmr/vgujj5j695sbnn16/wish/2062472290 3. Why are cooperatives formed? stmaryhmmr https://padlet.com/stmaryhmmr/vgujj5j695sbnn16/wish/2062474260 The purpose of a cooperative is to realize the economic, cultural and social needs of the organization's members and its surrounding community.

]]> 2022-02-23 12:22:12 UTC https://padlet.com/stmaryhmmr/vgujj5j695sbnn16/wish/2062474260 4. What is the difference between a producer and a processor? stmaryhmmr https://padlet.com/stmaryhmmr/vgujj5j695sbnn16/wish/2067839856 Producers collect or creates row products, and processors change row products into more finished product]]> 2022-02-27 01:22:55 UTC https://padlet.com/stmaryhmmr/vgujj5j695sbnn16/wish/2067839856 5. Identify the five functions of business. stmaryhmmr https://padlet.com/stmaryhmmr/vgujj5j695sbnn16/wish/2067840059 Production, procurement, marketing, management, finance and accounting.]]> 2022-02-27 01:23:40 UTC https://padlet.com/stmaryhmmr/vgujj5j695sbnn16/wish/2067840059 6. Give an example of how the accounting and finance functions can affect a business’s marketing and production processes. stmaryhmmr https://padlet.com/stmaryhmmr/vgujj5j695sbnn16/wish/2067840558 If the financials show little profit, new marketing plans may be developed and new production procedures may be implemented.]]> 2022-02-27 01:25:04 UTC https://padlet.com/stmaryhmmr/vgujj5j695sbnn16/wish/2067840558