This topic contains a solution. Click here to go to the answer

Author Question: What are four business risks that a construction company is exposed to? What will be an ideal ... (Read 41 times)

futuristic

  • Hero Member
  • *****
  • Posts: 638
What are four business risks that a construction company is exposed to?
 
  What will be an ideal response?

Question 2

What is the difference between a partnership and a corporation?
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

efwsefaw

  • Sr. Member
  • ****
  • Posts: 351
Answer to Question 1

Business risks that a construction company may face are: the health and safety of its employees, injury or property loss to third parties as a result of company activities, damage or loss to construction work in place but not yet accepted by the owner, and loss or damage to company vehicles and construction equipment.

Answer to Question 2

A partnership is owned by two or more partners while a corporation is owned by stockholders. Most of the stockholders typically are not involved in managing the corporation. Corporate profits are taxed at a special corporate rate, and the liability of stockholders does not exceed their investment in the corporation. Partnership profits, however, are taxed at the personal rate of each partner.





 

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

For a complete list of videos, visit our video library