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
Our company operates in the renewable energy sector using solar power.
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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