Mie 305 final exam - Study guides, Class notes & Summaries

MIE 305 FINAL EXAM QUESTIONS AND ANSWERS 2024

MIE 305 Final Exam with correct Answers

MIE 305 Final Exam with correct Answers

MIE 305 Final Exam Questions And Answers 100% Verified When choosing an organizational form, entrepreneurs should consider: - answerEase of creation Owners' liability--maximize gain, limit risk of loss Tax considerations--pass through or entity tax? Ability to raise capital--Private funding or shares? Basic forms of Business Organization - answerSole proprietorships--> one person owns it Partnerships--> Multiple people own it Corporations--> Ownership to shareholders Franchis...

MIE 305 Final Exam Study Guide Questions With Correct Answers..

What are the "bundle of rights" associated with property ownership? - 1) Control; 2) Possession; 3) Enjoyment; 4) Exclusion; 5) Disposition Possession - The property is legally owned by whoever owns the title. Control - The titled owner (freeholder) controls the use of the property. Enjoyment - Rights-holder can enjoy the property in any legal or contractually agreed manner. Exclusion - Owner can exclude others from entering. Disposition - The titled owner can sell, rent, or...

MIE 305 Final Exam Questions And Answers 100% Verified When choosing an organizational form, entrepreneurs should consider: - answerEase of creation Owners' liability--maximize gain, limit risk of loss Tax considerations--pass through or entity tax? Ability to raise capital--Private funding or shares? Basic forms of Business Organization - answerSole proprietorships--> one person owns it Partnerships--> Multiple people own it Corporations--> Ownership to shareholders Franchis...

MIE 305 Final Exam Questions And Answers 100% Verified When choosing an organizational form, entrepreneurs should consider: - answerEase of creation Owners' liability--maximize gain, limit risk of loss Tax considerations--pass through or entity tax? Ability to raise capital--Private funding or shares? Basic forms of Business Organization - answerSole proprietorships--> one person owns it Partnerships--> Multiple people own it Corporations--> Ownership to shareholders Franchis...

MIE 305 Final Exam Questions And Answers 100% Verified What are the "bundle of rights" associated with property ownership? - answer1) Control; 2) Possession; 3) Enjoyment; 4) Exclusion; 5) Disposition Possession - answerThe property is legally owned by whoever owns the title. Control - answerThe titled owner (freeholder) controls the use of the property. Enjoyment - answerRights-holder can enjoy the property in any legal or contractually agreed manner. Exclusion - answerOwner can ex...

Possession - Bundle of Right that is the right to claim title over the property, one exerts dominion and ultimate power over it Control - Bundle of Right that is the right to decide how the property is to be used, or employed Enjoyment - Bundle of Right that is the means by which the rights-holder can decide how to use the property. Others can violate this through the law of nuisance. Exclusion - Bundle of Right that gives the rights holder the legal ability to determine who or what is ...