What are the consequences for you, as a business owner, if the business in its new form is not able to pay a debt? Are your personal assets protected? Explain. (3 marks) 2) You enter into
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1) What are the consequences for you, as a business owner, if the business in its new form is not able to pay a debt? Are your personal assets protected? Explain. (3 marks)
2) You enter into an agency arrangement with a marketing company to develop your social media presence and increase your customer base.
A) Explain how this arrangement works when the marketing company signs a contract with a social media influencer to promote your products. Who is bound by the contract – the marketing company or your business? Why? (2 marks)
B) If the marketing company buys advertising on a social media platform against your instructions, does your business have to honour the agreement? Why or why not?
3) In class, we discussed several different views of the purpose of a business. Referring to the material on corporate social responsibility/sustainability, and in particular Alex Emonds’ TedX talk, describe what you have learned about the purpose of a business
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