Author Question: Describe mission, vision, and culture. What will be an ideal ... (Read 24 times)

Anajune7

  • Hero Member
  • *****
  • Posts: 574
Describe mission, vision, and culture.
 
  What will be an ideal response?

Question 2

What are the tax issues for the various legal structures your business can have?
 
  What will be an ideal response?


peter

  • Sr. Member
  • ****
  • Posts: 330
Answer to Question 1

Mission is a concise communication of strategy, including the business definition and competitive advantage. The vision is a broader and more comprehensive perspective on an organization than its mission; it is built on the core values and belief systems of the organization. Culture indicates the beliefs, values, and behavioral norms of an organization.

Answer to Question 2

Each legal structure has tax advantages and disadvantages. For example, all profit earned by a sole proprietorship belongs to the owner and affects his or her tax liability. The business does not pay taxes on profits separately. In contrast, a C corporation's profits are taxed and the owners must also pay taxes on the distribution of profits that they receive.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

For a complete list of videos, visit our video library