« previous next »

Author Question: Describe mission, vision, and culture. What will be an ideal ... (Read 59 times)

Anajune7

  • Hero Member
  • *****
  • Posts: 574
on: Jul 6, 2018
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?
Entrepreneurship and Small Business Management ¦ Mariotti, Glackin ¦ 2nd Edition
Buy Test-Bank


peter

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jul 6, 2018
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
« previous next »
 

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

"Visual Acuity Testing, Assessing Distance Vision "Visual Acuity Testing, Assessing Distance Vision
Cultures Ideal Body Types Cultures Ideal Body Types
How to describe transformations of a sinusoidal function (y=a*sin⁡b(x−c)+d) How to describe transformations of a sinusoidal function (y=a*sin⁡b(x−c)+d)
Normal and Impaired Vision Normal and Impaired Vision
Art and culture Art and culture
Crewed mission spacecraft Crewed mission spacecraft
Video: Anatomy and Chemical Makeup of a Single Hair (Animation)

For a complete list of videos, visit our video library