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ESB V.2 Unit 1 (ANSWERS) 2024 - DISTINCTION GUARANTEED / Complete Verified Latest Version
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ESB V.2 Unit 1 (ANSWERS) 2024 - DISTINCTION GUARANTEED / Complete Verified Latest Version
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ESB V.2 Unit 1•Highly ranked employee in the company.
•Responsible for the business's success
•Makes the major decisions for the company
•Oversees operations and resources
•Develops the company's vision, strategies, and mission
•Reports to the board of directors - ANS-Chief Executive Officer (CEO)
•In charge of the company's finances
•Manages and plans the cash flow
•Creates budget
•Forecasts whether the company will meet set budget requirements or not
•Negotiates on all of the company's financial matters - ANS-Chief Financial Officer (CFO
International business owners do not have to file a personal US income tax return since their
profits and losses do not flow through them. - ANS-C- Corporation
It is given a tax-exempt status that does not require the entity to pay any US federal taxes and
No one owns a non-profit entity - ANS-Non-profit Entity
LLCs are provided with pass-through taxation similar to an S corporation but costs less to
create. - ANS-Limited Liability Company (LLC)
Provided with a special tax advantage that allows the company to pass its income, losses,
deductions, and credits through its shareholders, which results in low taxation -
ANS-S-Corporation
The owner is responsible for all of the business's debt, whereas a partnership shares the
responsibility for financial backing between partners - ANS-Sole Proprietorship
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